A recent case in MA exhibits the strong potential for a court to find a text message response a sufficient writing to bind a party to a contract. How often do we text with family and friends? To what extent are text’s used in a business setting? When texting – do you give it the […]
House of Oscar De La Renta – Loss of timeless icon provides planning lessons for family business owners and advisors.
Business & estate planning impacts much more than just numbers as typified with the loss of storied personality and icon, Oscar De La Renta. Protection planning incorporates family relationships, numbers and strengthening the institution of the enterprise because as Scott Martin writes, “what separates an institution from personalities is of course procedure, a system of […]
Business owners who use IRAs as cash reserve may want to consolidate IRAs – IRS to follow Tax Court ruling on IRA one-rollover-per-year rule
In Announcement 2014-15 the IRS indicated that it will allow only one tax free roll-over-per-year from all of a taxpayer’s Individual Retirement Accounts (“IRA”). Rule: Generally, Section 408(d)(1) holds any distribution from an IRA, is a taxable event subject to income tax. Section 408(d)(3)(A)(i) provides that a taxpayer who takes a distribution but returns the […]
Shareholders in C or S corporations or members in LLCs typically receive strong protections when operating their business. Where formalities are followed in maintaing the entity structure, these options limit the claims of business creditors to assets owned by the entity. In other words, where a claim is brought against an entity, and formalities are […]
hen we get into a car, we are required by state law to wear a seatbelt. Government studies have shown that wearing a seatbelt increases the probability of drivers and passengers surviving if not walking away from automobile accidents. When driving our children, family members, or friends, we will typically alert and remind them to […]
Don Sweet, Esq., attorney in San Mateo, CA who heads the Bay Area offices of Rodnunsky & Associates announced a new Corporate Maintenance Program for small business owners today. “Business owners are busy and all too often the last thing they are thinking about is the maintenance of their corporate entity UNTIL it is TOO […]