Money & Finance

Post image for Investing in the Right Investor

Last week, I interviewed Robert Bertsch, Esq., on Entrepreneur’s Daily Dose about legal issues involved with attracting investors online.  Some of the most frequently-asked questions concern confidentiality and staying in line with state and federal securities laws–aparticularly thorny if you’re going to post your Next Great Idea online. There are other issues, too, in choosing […]

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I’m a big fan of attorney Ryan Roberts and his StartUp Lawyer blog, and just couldn’t resist the title of his recent post, “Saks Does Not Take Restricted Stock.” He touches on the need to uncover the tolerance level of your business partner’s spouse/significant other for the uncertain time of sacrifice ahead. It’s similar to […]

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A while back, I wrote an article entitled “Investing in the Right Investors,” where I talked about the importance of having the right fit.  Just as you would want to have with a business partner who’s actively involved in the company. My colleague, David Greer (who knows a thing or two about investors and investing) […]

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Post image for Basic Training: Please–the IRS Isn’t THAT Stupid

As tax time closes in, it’s no surprise that people will do whatever they can to avoid paying their taxes. And while you have a right to question certain determinations, there comes a point where you cross a line from the thoughtful to the ridiculous. From the IRS website, here are just a few of […]

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Post image for Tax Concerns When Selling A Business

Ah, wouldn’t it be nice . . . to cash out of your business and have the time, freedom and buckaroos to lounge in Tahiti, build that extra extension on the house or give to the charity of your choice. But there’s more that has to go on behind the scenes–before you get to that […]

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Post image for Writing Off Business Bad Debt

It’s been said that “every silver lining has a cloud,” and that certainly applies to having business bad debt. In a number of cases, you can get a tax deduction and write off the bad debt against income. But the fact remains that, to get the write-off, the debt has to be uncollectible. Which means […]

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Post image for Raising Capital from Friends and Family

As access to credit gets tighter in the “new economy,” many business owners may look to friends and family to help them get through the lean times. Friends and family are a tried-and-true source of funds. That said, business deals with friends and family can be enormously counterintuitive. Because you’re dealing with your college roommate […]

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Post image for How to Find the Right Accountant

There’s no use trying to find an accountant on April 14th and hoping that your issues will miraculously be resolved by tax deadline time. Like hiring other professionals and vendors for your business, you want to take your time to select them carefully. And you want to have them in place before you have an […]

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Post image for Minimize Tax Terrors in Two Simple Steps

It’s coming up to that time of year again. The time that most business owners dread. Tax season. Most entrepreneurs would rather have root canal surgery without anesthesia than go through the nightmare that is tax return preparation. Where are my documents? What can I deduct? Given everything going on with the economy, am I […]

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Post image for Jumpstarting Your Online Business (Tax-Wise, Anyway)

Q: I will be starting an online gift basket business in a couple of months and have a couple of questions: Although I will be operating a sole proprietorship business (and I was told that an EIN number is not required for sole proprietorship businesses), I do not want to use my Social Security number. […]

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