Shareholders fulfill a crucial role in a modern corporation. They invest money in the company and therefore expect to receive compensation for that investment when the business does well. Shareholders can influence company decisions and even force executive...
The Internal Revenue Service (IRS) handles paperwork related to income taxes and takes action against those who do not fulfill their tax obligations. If someone makes a mistake when filing their taxes or intentionally tried to evade their tax obligations, the IRS...
If you’re working on your will, one of the questions you may have is if you should give all of your children the same inheritance to avoid will contests. Certainly, there is a possibility that your children could fight over their inheritances if your will does not...
There may come a time, whether you’re filing as an individual or business owner, that you cannot afford your full tax bill. Unexpected expenses may add up, or you may find that you earned more than you expected this year. That’s okay. It happens, but you need to make...
Every business needs a strong business plan. Having a good plan in place when you start can minimize the risk of your business failing and can keep you on track as your goals change. Simply writing down what you want to do in the future is an excellent way to maintain...
Taxes are a frustrating and unavoidable part of adulthood. While everyone has to pay taxes, most people desperately want to pay as little in taxes as they feasibly can. Most adult taxpayers will engage in some amount of tax avoidance to keep more money in their...
Many people who want to leave behind resources for their children, grandchildren or other loved ones have no qualms about sharing their plans openly prior to their deaths. You may have known for years that your loved one intended to leave you specific assets or a...
The person or people with whom you go into business will have a major impact on your success and on how your business grows and changes over the years. Finding a business partner of even several partners with similar values and goals can help you turn an incredible...
A productive relationship between a franchisor and franchisee is crucial. Such a successful working relationship is based on a number of things, including vision, innovation, communication and expectation. Franchisors brings the ideas to the market with the...
For many people, an audit by the IRS is among their greatest fears. The media loves to make an audit seem like a nightmare that can only have a negative outcome for the person under scrutiny. However, with the right help and a careful review of your financial records,...