BUY-SELL AGREEMENTS PROTECT YOUR BUSINESS

What would become of your business if something happened to you, your business partner or a fellow shareholder? If an owner dies, becomes disabled, divorces, declares bankruptcy or simply retires, your business could be thrown into turmoil. Not only would family...

Are Baby Boomers avoiding succession planning?

We all know that the Baby Boomers have begun turning 65, the traditional retirement age. Over the next 18 years, all the Baby Boomers will hit that milestone. While not everyone wants to retire at that magic age, it is a reminder that time is ticking by and that...

Cathedral sale won by ‘Thinking of the other guy’

Technical valuation issues will always be important, but what about those special situations involving intangible values that transcend the property’s tangible market value? Sometimes the value of a property isn’t just about measuring comparable sales or the net...

Low budget alternatives to expensive expert witnesses

Gregory T. Douds is a CPA, attorney and county judge in Georgia. In this article, he pulls from all areas of his background to provide ideas for alternatives to expensive expert witnesses. I have represented clients in hundreds of hearings and trials in the Georgia...

Tax Court: Interest on forgiven loan taxable

Some employers who are seeking to snare top talent offer deferred signing bonuses – often in the form of loans – to key employees. The loans are scheduled to be forgiven later, after the employees prove their commitment to the new organization. A recent Tax Court case...

Does your practice have a business plan?

Your law firm is not just a convenient place for you to practice your profession – it is a business that provides opportunity, financial wealth and satisfaction to you and your employees. As such, you need a business plan that envisions the firm’s future so you can...