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Basis after a partial sale

The calculation of basis has always been required and sometimes not as clear to some as it should be. When you take on an investor and sell a portion of your company. You are giving up your rights to those shares and possibly your autonomy to run the business as you...

Your 15 minutes

“In the future, everyone will be world-famous for 15 minutes” – Andy Warhol The source of the quote may be contested, but the idea is solid.  It seems that now days everyone seems to think that they are special and unique in every aspect.  Otherwise why...

The IRS and Passports

Do you owe the IRS over $50,000? As part of the FAST Act, the State Department can revoke, deny or limit passports for anyone the IRS certifies as having a seriously delinquent tax debt in an amount in excess of $50,000. With modifications to air travel and an...

Budgeting

Do you do an annual budget for you company? I have the belief that a business owner should have an understanding on where their money is coming from, who their money is coming from and when their money is going to come in. From the opposite side of the ledger, they...

Equity

I have a few of clients that are examining opportunities that would force them to give up equity stakes in their companies. One client is looking for ways to increase his business base.  While on vacation he met a gentleman that was between assignments and appeared to...

Precariat vs Proletariat

The precariat is a social class formed by people suffering from precarity, which is a condition of existence without predictability or security, affecting material or psychological welfare. The proletariat, in a capitalist society, whose only possession of significant...

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