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The LLC: Everything You Ever Wanted in a Partnership – and Less
The LLC: Everything You Ever Wanted in a Partnership – and Less By Wayne A. Kinkade Saalfeld Griggs PC The limited liability company (LLC) is similar to a partnership in that its members enjoy pass-through tax treatment whereby only the individual members are taxed....
The Glass is Half Full!
The Glass is Half Full! By Doug Alexander SAALFELD GRIGGS PC It is amazing how much things can and, in fact, have changed over a span of only a few years. Looking back two to three years, most of us remember with some fondness the growth that we saw in our businesses...
Location, Location, Location! Tax Considerations for Locating and Operating Your Business
Location, Location, Location! Tax Considerations for Locating and Operating Your Business As businesses grow and expand, customer bases widen, sales cross state lines and soon a business is no longer necessarily a “hometown” company. Consider as well that in many...
Single Member LLC: Still a Viable Choice for Liability Protection
Single Member LLC: Still a Viable Choice for Liability Protection In April, 2003, a Federal Bankruptcy Court in Colorado held that a bankruptcy trustee could seize control of a single-member limited liability company (“SMLLC”) and liquidate its assets in order to...
Protecting Your Trademark
Protecting Your Trademark By Caleb A. Williams SAALFELD GRIGGS PC You may have read the recent news reports discussing the dispute between the Tillamook County Creamery Association (“TCCA”), producer of Tillamook Cheese, and Tillamook Country Smoker, Inc. (“TCS”),...
Planning Your Exit
Planning Your Exit By SG Business & Taxation Practice Group SAALFELD GRIGGS It’s never too early to begin planning a graceful exit from your business. Whether you are moving to the next investment, turning the family business over to the next generation, or selling to...
Personal Goodwill – A Neglected Business Asset with Tax Savings
Personal Goodwill – A Neglected Business Asset with Tax Savings By Douglas C. Alexander SAALFELD GRIGGS PC Useful clauses After years of growing a successful business, the culmination of those efforts is often a sale of the company to a new owner. For mature...
Partnership Equity For Services – New Rules Apply
Partnership Equity For Services – New Rules Apply By SG Corporate Practice Group SAALFELD GRIGGS PC Recently, the Internal Revenue Service issued proposed regulations (REG-105346-03, May 24, 2005) that will change the tax treatment relating to the receipt of a profits...
Now is a Good Time for a Legal Checkup of Your Business
Now is a Good Time for a Legal Checkup of Your Business By Caleb Williams SAALFELD GRIGGS PC Before the current economic downturn, most businesses experienced a number of years of prosperity and expansion. During periods of prosperity, business owners tend to be so...
Local Investment Opportunities for Your Political Capital
Local Investment Opportunities for Your Political Capital By Alan Sorem SAALFELD GRIGGS Every successful business prioritizes its resources in order to achieve the highest return on its investments. This principle is true for investments of both time and money. Most...