Limits on a Partner’s Loss Deductions

As you are probably aware, one of the advantages of doing business as a partnership (or S corporation), as opposed to a regular corporation, is that the business losses “pass through” to the partners and can be deducted by them on their individual tax...

Take Time to Protect Your Business with Succession and Exit Planning

Entrepreneurs often risk everything in pursuit of a dream and those who succeed are an inspiration for future generations. As the business grows and owners deal with the daily aspects of running a business, personal financial planning (including the most important...