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Business Sale 101: Due Diligence For many business owners, due diligence is one of the most frequently misunderstood aspects of a business sale transaction. Due diligence is important for both the purchaser and the seller of a business, as it enables both parties to better evaluate the proposed terms, the assets and liabilities included in …

Anti-Kickback Act Safe Harbor Provisions Finalized The federal anti-kickback statute, 42 USC §1320-a7(b), affects a vast array of business relationships in the health care industry. Broadly speaking, the anti-kickback statute prohibits payments or remunuration to any person in return for the referral of patients covered under a federal health care program. However, the statute contains …

Annual Minutes: Not Just for Corporations Anymore Many considerations go into choosing a formal entity structure for a business. Due to its hybrid nature of partnership tax advantages and corporation-like limited liability protections, various business owners–from individuals, to closely-held family business, to joint ventures between large corporations–are looking to LLCs as the preferred entity structure. …

Annual Advisor Meetings – Better Progress Through Collaboration By Douglas C. Alexander SAALFELD GRIGGS PC Most successful business owners engage a number of professional advisors. Certified public accountants, business lawyers, insurance professionals, investment professionals, financial advisors, bankers and family counselors are often included. Typically, the business owner deals with each of these advisors independently. Specific …

Annual Advisor Meetings – Better Progress Through Collaboration Many states have crafted Amazon laws that redefine what constitutes a physical presence, for purposes of nexus, in order to impose tax on businesses that are not physically located there. There are two types of Amazon laws, and each redefines physical location in a different way. Any …

A Failure to Plan is a Plan to Fail By Doug Alexander SAALFELD GRIGGS PC Often life’s most important lessons are not those that are learned in meetings or classes, but those that are learned from the school of hard knocks. These lessons are more personal, more immediate, and often more memorable. Planning takes time, …

7 Steps to a Successful Business Sale or Transition By SG Corporate Practice Group SAALFELD GRIGGS PC Planning for the sale or transition of a business, including a professional practice, often presents very complex financial and emotional decisions for the owner. This article will discuss a few options to help make this process more successful …

Business Operating Guidelines: Is this Pizza Run an Ordinary and Necessary Business Expense? By Wayne A. Kinkade Saalfeld Griggs PC Growing up, before I got my big break and landed a summer job pulling “Green Chain” at a long-since closed saw mill, I spent my days pumping gas at a friend’s gas station (this was …