by e-LawLines | Apr 16, 2010 | Probate & Estate Planning Law, Taxation
In spite of what you may have heard about taxes in 2010, we believe Ben Franklin’s sardonic proverb, with Will Rogers’ prescient addition, still holds true – this year more than ever. Nothing is certain but death and taxes – the only difference...
by e-LawLines | Jan 16, 2010 | Corporate Law, Small Business Law, Taxation
On a recent business trip to Indianapolis, you decide to take a client out for dinner, drinks and to a Pacers’ game. It’s win-win: you have a good time and you use the opportunity to earn some goodwill to promote your business. It’s a no-brainer that that...
by e-LawLines | Aug 1, 2009 | Taxation
Ted and John are friends from the same town. Each is successful in his professional career (Ted as a dentist, John as an insurance salesman). Ted decides to invest in and do some part-time work at a chicken farm in town, and John, thinking that that sounds like a good...
by e-LawLines | Apr 16, 2009 | Real Estate Law, Taxation
2009 is a “Reassessment Year” for real property taxes in Missouri. A property owner’s right to appeal an assessment is usually available only in “reassessment years.” Unless special circumstances exist, the assessment establishes the...
by e-LawLines | Apr 16, 2009 | Commercial Law, Contract Law, Corporate Law, Small Business Law, Taxation
You’re an entrepreneur, and you’ve just found a company you want to buy in order to expand your own business. In setting up the purchase, you’ve decided you want to do an asset purchase. After all, you’ve heard that one of the benefits of an asset purchase is that,...
by e-LawLines | Aug 16, 2008 | Corporate Law, Small Business Law, Taxation
Compensation paid by a business, whether a corporation, limited liability or sole proprietorship must be “ordinary and necessary” to be deductible for corporate income tax purposes. If such compensation does not meet the “ordinary and necessary” standard, or if the...
