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Loss on Small Business Corporation Stock
Conclusions Pursuant to Section 1244 of the Internal Revenue Code of 1986, as amended, up to $100,000 of the loss on the sale of stock (which includes the stock becoming worthless) of a Small Business Corporation in any one tax year can be treated as an Ordinary Loss…
Starting Your Business: Choice of Legal Entity
Consider the Possibilities When you start a new business there is a wide array of available legal entities from which to choose, including without limitation: Sole Proprietorship Partnership (general or limited) Limited Liability Company (LLC) Corporation (“C” or “S”…
Covenants Not to Compete Are Subject to State Law; not Federal Law
The Federal Trade Commission Rule effective September 4, 2024, attempting to strike down most covenants not to compete has been invalidated by the Courts.