A question that we're asked all the time is to explain the difference between "authorized shares" and "issued shares" or "shares outstanding".  Clients are often confused about why they have 10,000,000 shares authorized for issuance but we only issue them…

A good, comprehensive, and accurate current business valuation is both objective and subjective. While it typically accentuates the positives, it should also identify the negatives that could reduce a company’s value.   Although there are many quantitative aspects to it, in…

There is a real difference for employment and self-employment tax purposes between being a partner and being the employee of a partnership (references to a partnership include a limited liability company or a limited partnership).  Partners are liable for making…

A lot of our clients freak out when they get their first franchise tax notice from the state of Delaware.  It usually goes something like this “You told me my franchise tax in Delaware wouldn’t be more than $1,000.  I…