Tax Law, Franchise Law, Business Organization

2013 Audit Guidelines For Small Business

by Peter Bauman - Senior Associate at Tharpe &... on 11/26/2012

What three letters strike fear into the heart of small business owners across the United States? I . . . R . . . S Internal . . . Revenue . . . Service. And in 2013 there may be even greater reason for small...more

Focused on Franchise Law - August 2012

by Barry Kurtz on 9/12/2012

In This Issue: - Barry Kurtz Honored As Trusted Advisor - Franchisor 101: Exploring Exemptions Under California's Franchise Investment Law - Part 1 - Franchisee 101: Taxes, 2013 and Selling Your Franchise...more

Supply Chain Efficiency: Valuation and Transfer Pricing Considerations

by McDermott Will & Emery on 8/2/2012

Deriving maximum cost efficiency from the supply chain is a critical operational issue for multinational enterprises (MNEs) in certain regions. As taxation is typically one of a group’s largest costs, supply chain...more

Section 2704 Tackles Estate For A Claims Court Loss

by Charles (Chuck) Rubin on 3/5/2012

EXECUTIVE SUMMARY: A company formed to operate an NFL franchise runs afoul of Section 2704 at the death of its principal stockholder. While the estate put forth some creative arguments to elude the grasp of Section 2704,...more

Nexus And State Tax Due Diligence

by Jackson Walker on 11/8/2011

Table of Contents I. Introduction...1 II. General Nexus Standards ... 2 A. Registration To Do Business...2 B. Nexus For State Tax Purposes ... 3 1. Nexus for Texas Franchise Tax Purposes... 3 2. Leniency for...more

Business Entities In Texas After 2011 Texas Legislature

by Jackson Walker on 7/12/2011

I. GENERAL. A. Introduction. In selecting a form of business entity in which to engage in business in Texas after the 82nd Texas Legislature, 2011 Regular Session (the “2011 Legislative Session”), which convened on January...more

S Corporations v. Payroll Taxes: A Balance of Salary and Distributions

by Doron Eghbali on 1/29/2011

A recent tax case won by the IRS has closed a loophole employed by S corporations to circumvent paying payroll taxes by characterizing their wages as distributions. This ruling might have serious repercussions in the business...more

PA Tax Tips: PA Offers Many Production-Based Exemptions

by McNees Wallace & Nurick LLC on 1/21/2011

Production-based tax exemptions have saved Pennsylvania businesses billions of dollars. These exemptions are known by various names, including "manufacturing," "processing," "printing," "mining," "R&D," "agriculture" and...more

How You Should Prepare to Sell Your Business

by Doron Eghbali on 11/9/2010

Selling your business is often times a complicated process. It requires preparing your business to sell from the moment you decide to launch. Selling your business could even be more complicated than selling your house. There...more

District of Columbia Tax Amnesty: August 2 – September 30

by Reed Smith on 8/2/2010

On July 29, the District of Columbia's Office of Tax and Revenue("OTR") announced that it will launch a tax amnesty program that will run from August 2 through September 30, 2010. The amnesty program applies to taxes that...more

Which Business Form is Right for me?

by Eric Sigman on 7/30/2010

Owning your own business is a rewarding and potentially lucrative endeavor. The freedom and sense of accomplishment of being self-employed is unmatched. However, business ownership can be a serious financial risk if you are...more