In a traditional sale, an owner traditionally recognizes a gain, taxed at either regular or capital gains rates. If a seller chooses to exchange a business or investment property for another business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031. There are several types of...
What Owners Tend to Do As a business owner, what did you have at the top of your to do list today? If you are like most owners, you probably had numerous details to handle, most or all of which fit into the category of ‘urgent.’ But what made those items high priority? By and...
