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  • Heidi, If the loans between companies are being accurately tracked and documented, I don't see that as much of a legal problem although it could be an audit nightmare. My only concern regarding adjustments is your statement that "they hoped to...

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    RE: I don't get it

    Charlene, It appears from your post that the net value of the partnership is only $5000 after assuming the mortgage. However for the sake of discussion and nice equal numbers let's assume the total value of the partnership is $75,000. The exiting...

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    RE: I don't get it

    Love attorneys who make business decisions like the valuation of the business. If the partners really think that the business is worth $80K it is worth their while to engage a certified business valuation expert to truly value the business. To do...

Main Street Practioner Latest Issue

Tax Season 2015

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In This Issue

  • Best Practices on Preparing for Peer Review

  • SSARS is Coming! Part III

  • SPECIAL REPORT: Checklist for Determining Minimum Essential Health Insurance Coverage

  • The Importance of Tax Season Marketing

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