Personal goodwill refers to the reputation, relationships, and other intangible assets directly attributable to an individual professional rather than the business entity itself. It is especially relevant for professional...more
8/6/2024
/ Business Assets ,
Buyers ,
C-Corporation ,
Cancellation Rights ,
Goodwill ,
IRS ,
Legal Entities ,
Letters of Intent ,
Professional Networking ,
Professional Services Companies ,
Restrictive Covenants ,
S-Corporation ,
Shareholders
As part of our ongoing series on tax issues for accounting firms, this article provides information on retirement or deferred compensation arrangements, the related rules of Section 409A of the Internal Revenue Code, and how...more
10/12/2023
/ Deferred Compensation ,
Executive Compensation ,
General-Business ,
Internal Revenue Code (IRC) ,
IRS ,
Partnerships ,
Private Equity ,
Retirement ,
Retirement Funds ,
S-Corporation ,
Section 409A ,
Self Employed