By Cliff Ennico A ton of ink has already been spilled about the 1100-page Tax Cuts and Jobs Act’s impact on small business, but the big question for most of my readers is: Should I change from my current legal entity to another to take advantage of the lower tax rates promised by the Act’s […]
By Cliff Ennico “My partner and I run a small software business that caters to a niche market. “Our customers (all businesses – we don’t sell to individuals) are located primarily in the United States and Canada, but we do have two corporate customers in the United Kingdom that account for less than 1 percent […]
By Cliff Ennico “I just started a limited liability company (LLC) with three partners. Our attorney drafted an Operating Agreement for us, but I’m a little confused by the buyout provisions he drafted. “The agreement says that if one of us dies, becomes disabled, or otherwise withdraws from the company, we have to buy his […]
By Cliff Ennico More than two million Americans make a full-time or part-time living selling merchandise on eBay, Amazon, etsy.com and other online retail platforms. For many smaller sellers, this activity takes the form of retail arbitrage – buying merchandise at retail from “brick and mortar” stores and then reselling them online for even more […]
By Cliff Ennico “I am in the process of buying a small business. “There are some issues with this business, and I asked the seller if we could hold back ten percent (10 percent) of the purchase price for a year to see how things went. “The seller said he was agreeable, but in reviewing […]