Sell Commercial Property And Keep Government Out of Your Pocket!

August 21, 2011


So when you sell, why should government get a piece of your building when they didn't share your risk, your hard work and your aggravation? Good news: Congress has provided some help for commercial property owners. Using a popular provision in the tax code, many real estate investors have been able to keep the cold hand of government out of their pockets, at least temporarily.

Posted in: Contracts, Real Estate, Tax

Selling Your House Doesn’t Have To Be Taxing!

August 11, 2011


Internal Revenue Code (IRC) Section 121 permits a married couple to exclude up to $500,000 of capital gain from the sale and a single person to exclude up to $250,000 of capital gain, provided the house being sold was their principal residence for two of five years preceding the sale.

Selling Real Estate Can Be Taxing!

June 16, 2011


When you sell a piece of real estate, Uncle Sam will be checking to see if he is entitled to a piece of the pie. So too will state government, and possibly city government as well! And you may owes taxes even if your property is underwater and is being foreclosed upon or being sold in a short-sale.

Posted in: Real Estate, Tax

Buy-Sell Agreements–Kumbaya!

March 21, 2011


Why is an Ownership Agreement so important? We've all heard the horror stories of marriages that end in divorce without a prenuptial agreement--lots of drama and fighting, and a small fortune spent on attorneys fees. Business disputes are no different, they can be nasty, expensive, and in the end, the litigants are at the mercy of the court to decide their future.

Do You Need An Attorney?

March 9, 2011


Just like it’s more expensive to hire a plumber after you have ruptured the main water line while trying to fix a leaking faucet, it is usually significantly more expensive to fix the problems created by self-representation than it would have been if an attorney was hired to do the work in the first place.

Posted in: Business, Contracts

Invest in Yourself

November 4, 2010


With careful thought, proper planning and realistic expectations, you can start now to build a business that is financial rewarding and spiritually fulfilling. You can be in control of your destiny.

Business Entities–Shelter From The Storm

October 20, 2010


For the most part, shareholders and members are insulated from the liabilities of the entity, meaning a judgment won against the entity can only be collected against the assets actually owned by that entity.

Insurance: The Last Defense

September 23, 2010


While the cost of insurance isn't cheap, the cost of not being adequately insured can be staggering!

Good People Make Good Agreements

September 16, 2010


When you reach a fair agreement with a party you know and trust, and get paid on delivery, your written agreement becomes a sword you can leave in its sheath.

Posted in: Contracts, Litigation

Honor The Memory of September 11th

September 11, 2010


Let's work together selflessly, earnestly, and passionately to make the world a better place. Let's work together to truly honor the memory of 9-11.

Posted in: 9-11