Jeff's Blog

Thoughts from Our Managing Partner and Other M&S Thought Leaders

A successful family business can provide long-term financial security for you as its owner, as well as for your loved ones. To improve the chances that your company will continue to benefit your heirs after you're gone, take steps now to keep it in the family. Staying in-house Careful estate planning can ensure that a business continues to benefit family members and that ownership of the business...
The year isn't over yet, but if your Company is off to a rough start, know that a silver lining may exist in the net operating loss (NOL) deduction. The rules A net operating loss occurs when a business's operating expenses and other deductions for the year exceed its revenues. To qualify for the deduction, you must have business expenses in excess of your business income, though certain...
Anyone who owns a closely held business with at least one other partner needs to take certain steps to guard against business disruption. If one partner departs suddenly, or becomes disabled or dies, serious confusion and conflicts can ensue. Among the most important steps is to create a buy-sell agreement which stipulates precisely how ownership interests will be valued and purchased. Two ways...
"I'm taking a sick day!" This familiar refrain is usually uttered with just cause, but not always. What if there were no sick days? No, we're not suggesting employees be forced to work when they're under the weather. Rather, many businesses are adopting a different paradigm when it comes to paid time off (PTO). Under the "PTO bank" concept, employers merge most (or all) of the traditional...

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