BLOGS

DOES YOUR COMPANY USE ITS OWN CONTRACTS? IT SHOULD.

contractWhile many business owners are negotiating acquisitions, purchases or other business opportunities, lost in the importance of fundamental deal terms is the determination of which party's contract will be used to memorialize the agreed relationship. When seems like something trivial could go a long way to making sure your company benefits the most from the business relationship....
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NEW IRS REVENUE PROCEDURE MAKES FILLING LATE S-CORP ELECTION EASIER

contract formFor many people who are starting a new business, organizing an S-Corporation ("S-Corp") offers the business owners many advantages. In addition to limited liability and protection of personal assets, among other things, stock holders have the benefit of pass-through, single-level taxation. In order to obtain status as an S-Corp, after incorporation with a particu...
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ARE YOU LIABLE FOR SELLING A COMPANY’S LIABILITIES? SUCCESSOR LIABILITY IN ILLINOIS

selleing companyIf you are considering buying another company's assets, one important consideration is: what liabilities of the seller will I be taking on? This question generally only arises in an asset purchase, as a stock purchase will typically result in liability on the part of the successor company. Whether a company that purchases the assets of another company can be h...
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