06.06.18

LLC: When Does It Not Protect Your Personal Assets?
Tanya Gierut

Limited liability companies (LLCs) are common ways for real estate owners and developers to hold title to property. Their popularity is due to the fact that LLCs limit members’ personal liability. In other words, only an LLC member’s equity investment is usually at risk, not his or her personal assets. However, this does not mean personal liability never exists for the LLC’s debts and liabilities.

06.04.18

Eight Business Lessons Learned from our Q&A with DUDE Products

We’re spilling the beans on one of our clients. These are the takeaway business lessons we gleaned from a recent interview with Brian Wilkin of DUDE Products, including a sneak peek of what’s in store next for the DUDEs.

05.31.18

How to Deal With an Underperforming Partner

All firms have productive partners and partners who underperform, but what about those partners who were once top notch and now seem to phone it in? No managing partner likes to deal with this situation. However, the sooner you do, the less damage there will be to your firm’s profitability and relationships.

05.24.18

What are the Elements of a Medical Practice Business Plan?
Amanda Gutierrez

Physicians typically generate business plans at two junctures in their practice’s development — when they want loans, or when they want start-up capital. In other words, physicians tend to get serious about a business plan only when they need to go to a bank and ask for money. Knowing the key elements of a business plan will help you construct an effective, comprehensive plan for your medical practice.

05.16.18

Raffles: Follow the Rules of the Game
Harry Fox

If your organization anticipates raising big amounts with a raffle at your next fundraising event, you might want to step back and consider what this might mean from a tax compliance standpoint. State laws vary, but the IRS has rules related to unrelated business income (UBI) that need to be followed, and raffle income may be subject to UBI tax. Here is what you need to know before you place all your bets on this event.

05.07.18

DOL Increases Scrutiny of Defined Benefit Plans

Defined benefit (DB) plan sponsors might be facing tighter scrutiny from the U.S. Department of Labor (DOL). Last year the DOL’s Employee Benefits Security Administration (EBSA) ramped up pension audit operations in its Philadelphia office, and later decided to do so elsewhere, the agency announced at an ERISA Advisory Council meeting.

05.02.18

Using the 4% Rule to Make Retirement Fund Withdrawals
Steven Lewis

Determining how much of your retirement nest egg to withdraw each year can be stressful. You want to take out enough to maintain a comfortable lifestyle, yet the idea of running out of money is frightening. The 4% rule can help you determine your retirement fund withdrawal.

04.26.18

Why Some Law Firms Shine in a Flat Market
Joy A. Long

The large law firm market is generally experiencing flat to minimal growth. In addition, other factors such as a declining profit margin, weakening collections and loss of market share to alternative legal service providers continue to undermine law firms’ profitability. Even in this challenging market, there are still law firms that have been able to […]

04.25.18

Keeping Your Properties Profitable
Kathy Z. Jeziorski

While the U.S. real estate market is currently enjoying an upswing in most areas, it has seen numerous downturns over the years. Whether the market is up or down, commercial property owners and investors continually look for ways to enhance profits. Here are some suggestions to consider.

04.18.18

How to Handle Orphaned 401(k) Plan Accounts
Stephanie Zaleski-Braatz

It’s become common for 401(k) plans to include a significant number of orphan accounts due to employees changing jobs more frequently and much of the workforce hitting the retirement age. If your plan has a lot of them, it might be time to think about whether it’s time to actively pursue these accounts. The answer depends in part on how your plan charges administrative fees and the value of these orphaned 401(k) accounts.