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Selling Online? You Soon May Have to Pay Sales Tax

A case pending before the U.S. Supreme Court this spring may overturn 25 years of precedent and allow states to tax people selling goods and services on the internet (including those who sell on eBay, Amazon, Etsy and other web-based retail platforms) even if they don't have a physical location within the state.

The case -- South Dakota v. ...Read more

Before You Sell Your Website: Part 2 of 2

If you have spent years building a successful business on your website and social media pages, sooner or later you will think about selling it. But selling a web-based business is different -- a lot different -- from selling a brick-and-mortar business.

Here is a checklist of the things you should be doing to get your website ready for sale. ...Read more

Before You Sell Your Website: Part 1 of 2

If you have spent years building a successful business on your website and social media pages, sooner or later you will think about selling it. But selling a web-based business is different -- a lot different -- from selling a brick-and-mortar business.

To illustrate how the process works, I'm going to bring back a childhood memory. Do you ...Read more

Even More Tax-Law Changes Affecting Small Businesses

By now, you're probably sick and tired of hearing about the Tax Cuts and Jobs Act of 2017. I know I am.

Previous columns have dealt with the two biggest changes brought about by the law:

--The lowering of tax rates on regular or C corporations from up to 35 percent to a flat 21 percent.

--The creation of a 20 percent deduction on "pass ...Read more

Does Your Small Business Qualify for the 20 Percent Deduction?

If you're like most small-business owners, you are scratching your head trying to figure out the new small-business tax deduction.

The Tax Cuts and Jobs Act, which went into effect Jan. 1, offers a 20 percent deduction for "pass through" entities, such as partnerships, limited liability companies and subchapter S corporations.

Like all tax ...Read more

A Really Great Book and a Really Fine Wine

In my 38 years of representing entrepreneurial companies and small businesses, I have learned there are three essential business skills everyone needs to master if they are to grow a business of their own:

--Selling.

--Bookkeeping

--Negotiating.

(OK, if you're a lawyer or some other professional, add client management as a fourth.)

If you'...Read more

Miracle Diet Plans for 2018 That Really Work!

There's a lot of stuff going on in the world of small business right now: the new tax law, changes in the way web-based businesses are regulated, Amazon taking over the world.

But let's be honest. Right now, all anyone is thinking about is losing weight -- the No. 1 New Year's resolution of all time.

Just as there is no shortage of small ...Read more

Retail Arbitrage May No Longer Be Legal in Europe

More than 2 million Americans make a full-time or part-time living selling merchandise on eBay, Amazon, Etsy and other online retail platforms.

For many smaller sellers, this activity takes the form of retail arbitrage: buying merchandise at retail from brick-and-mortar stores and then reselling it online for even more money. If you have ever...Read more

Regulation Is Coming to the Internet

The single most significant historical event in my lifetime is not the assassination of President John F. Kennedy, the 1969 moon landing, the social upheavals of the 1960s or the rise and fall of rock 'n' roll. It is the advent of the internet in the early 1990s.

It is difficult for any of us baby-boom geezers to remember what the world was ...Read more

Fame Is Fleeting, So Write a Christmas Song

I try to avoid writing seasonal or holiday-themed columns, but I couldn't resist the temptation this year.

I was shopping at a local mall (yes, they still have those) for several hours the other day. The background music was piped in from a local radio station that mixes Top-40 hits with holiday classics.

No, this is not going to be about ...Read more

Dealing With Fear When Starting a Business

"I was laid off from a corporate job a couple of years ago.

"I tried finding another job, but there was nothing out there for someone older than 50.

"A few months ago, I learned about a local retail business that was for sale. With the help of a business broker, I made an offer, and the seller accepted it. We hired lawyers and prepared ...Read more

Giving Your Lenders a Piece of the Action

"We started a tech company last year and are getting ready to launch our first product. To do so, we will need to borrow $200,000 from friends and family.

We have been told to structure this as a loan, but we want to give our family members a piece of our future growth if the company is successful. What are the various ways to do that? We don...Read more

 

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