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What’s New for Business Owners in the New Tax Law

What’s New for Business Owners in the New Tax Law

What’s New For Business Owners In The New Tax Law?   Here at Siegel Law, we know you have a lot of questions about how this new tax law may affect you and your business. Luckily we’re here to help navigate you through this and ensure you have a full understanding of what's going on. We want to help you determine whether the new section 199A deduction will be available to you. With careful planning and you may be eligible for some financial benefits under this new law. Eligibility The new deduction will begin in 2018 and is available to qualified business and trade...

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Buy-Sell Agreements for Business Planning

Many people don’t realize their biggest asset is often their business. This month, we’ll cover what it means to protect your business with a buy-sell agreement. What is a Buy-Sell Agreement? A buy-sell agreement is a written agreement among business owners in which each person agrees that upon circumstance, their shares will be sold to the surviving owners at a specific price. Through this agreement, each owner commits to buying the shares of their absent co-owner upon the occurrence of a specified event, such as death, disability, financial trouble, or termination of employment. It is crucial for business owners to have a buy-sell...

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