by Royer Advisors | Dec 11, 2024 | Business Plans, Tax Planning, Tax Preparation
There is generally no one legal structure that works best for all small businesses. The best choice depends on a number of things, including the number of owners, your tax situation and whether or not you have employees. A limited liability company (LLC) may be a good...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning
It used to be that small business owners believed that all they had to do was serve their customers effectively and make sure that their stock maintained or increased its value. It’s now more usual, however, that business owners also must be concerned with their...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings, Financial Planning
Wisniewski v. Walsh, 2013 N.J. Super. Unpub. LEXIS 724 (April 2, 2013) Children learn that bad behavior has consequences. An appellate court recently taught a similar lesson to a troublemaking shareholder whose doings forced a buyout. Three siblings each owned a...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning
Setting up and maintaining a SEP for your Maine-based business is probably easier than you think. The sooner you get started saving, the more secure your retirement will be, plus your business can gain tax advantages right away. SEP Basics The SEP is a stripped-down...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Preparation, Valuations
Whether you’re setting up a new company in the Greater Portland area, or you’ve been in business for years, you need to evaluate which legal structure is best for your enterprise. No one option is best for every type of operation. The number of owners,...
by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing
Companies on the brink of collapse must now use the liquidation basis of accounting, according to new guidance from the Financial Accounting Standards Board. Financial statements will now have to be prepared that show the values of assets and liabilities in terms of...
