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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 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 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...

I Thought We Had a Deal We all heard this before: "In the good old days, we just shook hands and we had a deal." Today, many people do not believe that a handshake is enough to enter into a contract. In the eyes of the law, however, for most contracts, a handshake or...

Is an Investment in Your Company a Security? By Caleb A. Williams SAALFELD GRIGGS PC When people think of transactions which involve a security, what usually comes to mind is a purchase or sale of stock in publicly held companies such as General Electric or Microsoft....

HIPAA Compliance for the Non-Health Provider By Caleb A. Williams SAALFELD GRIGGS PC Many of our readers may be familiar with the privacy regulation recently promulgated under the Health Insurance Portability and Accountability Act (“HIPAA”). You may have been asked...

Gifting LLC Interests; A New Hidden Trap By Douglas C. Alexander SAALFELD GRIGGS PC Many people have organized limited liability companies as entities through which to conduct their businesses. One reason for choosing an LLC is the ease with which the membership...

From LLC to S Corporation: What to Do When a Start-up Takes Off When a business adopts a formal entity structure, it often elects either a limited liability company taxed as a partnership (an “LLC”) or an S corporation, as each entity provides certain benefits to the...

Divorce – Can the Business Remain Intact? By Douglas C. Alexander SAALFELD GRIGGS PC When a new business is formed, all eyes look ahead. Although business owners usually carefully evaluate the risks and challenges that the new business might face, they often assume...

Corporate Maintenance – The Ounce of Prevention As the economy slows, we have seen an increase in the number of claims made against our business and commercial clients. One of the major concerns of the client is whether the business entity formed to provide liability...