Business Partners and Business Taxes
- July 7, 2014
With two brothers, I was raised that I had to share. “Share and share alike,” I was told, even though at age 10, I really wanted to hoard the last few Ring-Dings for myself. When…
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February 12, 2015
Q.: We have built enterprise-class software products for banking, education and manufacturing segments. We have an established set of clients and a recurring revenue stream. How do sell a corporation in the technology industry? A.: There are a number of issues to consider when you’re looking at how to sell a corporation: When do you want to sell, and who is your advisory team to help you make the decision? What is the market value of your business, including your intellectual property assets? Where will you find a buyer? Are you being approached by another company (which is triggering this option for you), or to you want to go out to the marketplace to find one? How will you structure the deal? What’s your price? What do you want for the payment terms? Will you accept financing or do you want all cash? What are the tax consequences? Who will be helping you through the deal process – e.g., drafting the letter of intent, conducting due diligence, and filing any necessary paperwork with the IRS…
Continue ReadingWith two brothers, I was raised that I had to share. “Share and share alike,” I was told, even though at age 10, I really wanted to hoard the last few Ring-Dings for myself. When…
Read MoreYou’ve reached a point where you’re ready to tear your hair out. You’re pulled in 17 different directions and, try as you might, you haven’t found a way to manufacture the 28-hour day. Much as…
Read MoreI had a post from “Explorer,” who is starting a new venture (Congratulations!). Explorer was wondering if it’s OK to do business without a company name at the start, as she hasn’t registered one yet.…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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