Whether you are just starting up a new company or have a business that has been in operation for a while, good record keeping is an essential part of running your business. You are responsible for establishing an effective system …

Read Record Keeping for Your Business: What’s Required?

If your business made or received payments to independent contractors and entities (other than compensation to your employees) during the calendar year, it’s likely you must file an information return called a Form 1099 with the IRS. You may also …

Read What Every You Need to Know about IRS Form 1099: Reporting and Requirements

Divorce. An unexpected death, disability, or retirement. An irreconcilable dispute. These triggering events may put your successful, stable business into a tailspin. Luckily, a buy-sell agreement can help you and your business be better prepared to handle these events. What …

Read Don’t Let Change Wreck Your Business: The Buy-Sell Agreement

I interviewed Beth Rumley from The National Agriculture Law Center in this week’s Ag Law Today podcast.  You can listen to the recording on YouTube here or on iTunes. A lot of agriculture producers and lawyers forget that this fantastic …

Read Episode 10 of Ag Law Today: National Agriculture Law Center

An LLC affords its members a certain amount of personal asset protection. Part of this protection hinges on the restricted transferability of LLC membership interests.  Restricted transferability protects the non-transferring members from creditors and unwelcome new members, which upholds the …

Read Transferring LLC Membership Interests Part 2—Voluntary Transfers