Author: Jamie Boykin

Let’s say you plan to use a C corporation to operate a newly acquired business. Or perhaps you have an existing C corporation that needs more capital. You should know that the federal tax code treats corporate debt more favorably than corporate equity. So, for shareholders of closely held C corporations, it can be a tax-smart move to […]

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It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely in service partnerships such as architecture or law firms. For example, service partnership partners may incur entertainment expenses when developing new client relationships. They may also incur expenses for transportation to and from client meetings, professional publications, […]

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