The UBER developments highlight an absolutely critical aspect of leadership in management. If you don't clean your own house, someone can very well do it for you and you may not like the results. Let's face facts people. NO ONE cares more about your business or your career than you. Once it gets to the…
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LLC Partnership Tax Changes
Question Presented: What should LLCs do in preparation of the new IRS partnership tax audit and assessment rules? Short Answer As of December 31, 2017, the IRS will require all entities taxed as partnerships to pay for imputed taxes on partners for prior tax years at the partnership level. Most LLCs elect to be treated…
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Valuing Employee Equity
As business lawyers, we frequently get questions from our clients about types of equity incentives and valuing equity: Can an employee have options granted at $0.01? Can we give “free” stock to a new executive? The short answer is that yes, a company can do either of those things. However, because of often-overlooked tax consequences, your new executive or employee is…
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Delaware Enacts Comprehensive Online Privacy Protection Law: Is Your Business Compliant?
The Delaware Online Privacy and Protection Act (“DOPPA”) became effective on January 1, 2016. This new law requires compliance in three major areas: (1) conspicuous posting of a compliant privacy policy; (2) advertising and marketing to children; and (3) enhancing the privacy protections of users of digital books (“e-books”). Why should a business be concerned…
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