by Michael W. Margrave | Apr 25, 2019 | Business and Commercial Law
There are millions and millions of family businesses in the US. A typical scenario is where Mom and/or Dad started a business and through significant dedication, effort, and tax and business planning over a period of time turned their business into a financial... 
by Michael W. Margrave | Mar 19, 2019 | Business and Commercial Law
Over the years, I have seen many business clients pay an excessive amount of attention to the income or profit and loss statement to the detriment of the other financial statements available, such as the balance sheet, the statement of cash flow and statement of owner... 
by Michael W. Margrave | Feb 12, 2019 | Business and Commercial Law
About three years ago, I posted a blog on situations where a single-member limited liability company might not provide all the liability avoidance protection to its owner that it supposedly offers (Single Member LLCs — Potential Problems). That blog discussion... 
by Patrick Van Zanen | Dec 18, 2018 | Business and Commercial Law
What’s the point of a letter of intent if it doesn’t serve as the final binding agreement? Isn’t it just extra work and more legal fees that could have been avoided by just getting to work on the agreement itself? As it turns out, letters of intent serve a valuable... 
by Michael W. Margrave | Dec 4, 2018 | Business and Commercial Law
Starting a business with co-owners is a little bit like getting married. At the front end of the venture, all the owners get along and everyone is happy-just like in a marriage. After a while, some bumps in the road occur, and as things start unraveling, the... 
by Michael W. Margrave | Oct 9, 2018 | Business and Commercial Law
At the end of 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law with much fanfare and with an effective date of January 1, 2018. Two income tax provisions in TCJA made big headlines. The tax rate for C corporations was cut to a flat 21% rate. And a new tax...