by Mike Baker | Oct 23, 2019
On October 23, 2019, the IRS released guidance with respect to the tax treatment of family members that work together in a family business. De Facto Partnership I expect it’s fairly common for a couple to treat a family business, where no entity has been formed, as a...
by Mike Baker | Oct 1, 2019
Mike Baker frequently advises with respect to earnouts. He possesses a breadth and depth of experience in tax and employee benefits & compensation law that spans multiple decades. For additional information, please contact...
by Mike Baker | Jul 15, 2019
I can tell you how to make money and pay no tax. “Doubtful,” you think, feeling skeptical and remembering that wise mantra “if it sounds too good to be true, it probably is.” True story: last week I was eating at a Chinese restaurant, opened up my fortune cookie, and...
by Mike Baker | Jun 15, 2019
Running your business as an S corporation has several tax benefits. However, it’s hard to raise money in an S corp because you can only have one class of stock and you cannot have entity shareholders. So what do you do when you want traditional investors? One...
by Mike Baker | Jun 1, 2019
Few tax code sections are as technical or punitive as Section 409A. If you get things wrong, you’re staring a 20% penalty in the face… plus acceleration of tax, plus interest, plus an additional 5% penalty if you happen to live in California. But there is good news....
