Expenses incurred entertaining customers, clients, and employees are often deductible under 26 U.S.C. § 274. Because the rules are quite detailed and contain a collection…
A fraudulent conveyance, also called a fraudulent transfer, is a transaction where one party (“Transferor”) gives or sells for less than full value an asset…
Why Take a Lien When a Creditor lends money to a Debtor, the Creditor may wish to have a lien on some property or right…
What is Insider Trading? Insider trading is the trading of a corporation’s securities, such as stock, bonds, or stock options, by people who have access…
What is a Limited Liability Company? A Limited Liability Company (“LLC”) is an entity which is taxed like a partnership but affords its owners, known…
What is a Limited Liability Partnership? A Limited Liability Partnership (“LLP”) is a partnership in which the partners are not personally liable for the debts…
What is a Partnership? A partnership is a business entity formed by two or more people who operate a business for profit as co-owners. For…
What is the Sarbanes-Oxley Act? The Sarbanes-Oxley Act of 2002, also known as “SOA” or “SOX” is a congressional act with established a series of…
Any business that owns real estate of any kind can be faced with the issue of whether or not the business is liable for injuries…
Any business that produces a physical product faces potential liability if the product turns out to be defective. Additionally, any business that uses a defective…