Buying a franchise?
In a recent Wall Street Journal article, the author talked about an area many franchise purchasers fail to investigate - the employees of franchisors. Most people know before buying a franchise that due diligence is required – looking over the franchise books and →
Business New Year's Resolutions
The New Year is the perfect time to start thinking about your legal resolutions for the year. Just like individuals make resolutions to get in shape, stop smoking, or reach new goals, business owners should make resolutions about their financial, →
End of Year Small Business Preparation
Along with cork popping and fireworks, the New Year brings a new tax return. To ensure that you are ready for this year’s tax season, start gathering your receipts and categorizing them now. If you are working on a calendar →
Forming an Architectural Firm
In part three of the professional corporation series, I discuss starting an architectural firm. In Colorado, architectural firms are not regulated like accounting firms. However, they must comply with Article 25, Section 25 of the Colorado Revised Statutes. Architectural firms →
Company Holiday Parties
Company holiday parties can increase employee morale. From a tax standpoint, holiday parties are beneficial because a company can deduct the cost of them while not treating the costs for the party as income to the employee unless the party →
Starting an Accounting Firm
In part two of the professional corporation series, I discuss starting an accounting firm. In Colorado, the Colorado State Board of Accountancy regulates certified public accountants. When a company starts offering certified public accounting services for a fee, the company →
Does my business need to provide maternity leave?
In the United States, the Family Medical Leave Act (FMLA) covers maternity and parental leave. The FMLA covers public agencies (i.e State and Federal employers), local education agencies, and private sector employers who have 50 or more employees for at →
Introduction to Professional Corporations
In addition to corporations, limited liability companies, and partnerships, Colorado has a special entity available to certain professionals called the Professional Corporation – P.C. for short. Currently, accountants, architects, attorneys, chiropractors, dentists, engineers, doctors, podiatrists, optometrists, physical therapists, psychologists, social →
Defamation Law
Although the information on this Blog is based on California law, much of the information applies to all business owners that use the web. For any business that has an online blog that talks about individuals, or for that matter anyone →
Selling a business
When selling a company, there are legal, financial, and emotional issues to deal with. To ensure the sale is done properly, it may be necessary to work with other professionals such as accountants, attorneys, business evaluation experts, and real estate →
