Investing in real estate can be both lucrative and risky. While nothing can eliminate all the risk inherent in real estate investment, choosing the appropriate structure for your real estate business can minimize unnecessary exposure to risk. In Ohio…
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One of the first decisions a business owner is faced with is what business entity they should choose for their company. For many businesses, the choice comes down to two options: a limited liability company (LLC) or S corporation. An S corporation is…
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Since the implementation of the federal Tax Cuts and Jobs Act (TCJA) a couple of years ago, our office has received many inquiries about the benefits of converting an existing C corporation to an S corporation. In this article, we will briefly discus…
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Many Ohio taxpayers each year fail to take advantage of a tax deduction that could save them thousands of dollars. Some may not be aware that they qualify for the deduction. Some who are aware of it may think the filing requirements are too cumbersom…
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The Tax Cuts and Jobs Act (TCJA) has made some significant changes to the Tax Code, one of which is the implementation of the qualified business income (QBI) deduction. This deduction is found in Section 199A of the Tax Code. Although one goal of the…
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Choosing a business entity — whether a C corporation, S corporation, partnership, limited liability company, or sole proprietorship — is one of the first, and most important choices you will make for your business. The Tax Cuts and Jobs Act (TCJA…
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As 2017 drew to a close, President Trump signed his promised tax reform into law. Dubbed the “Tax Cuts and Jobs Act,” (TCJA) it was the most significant and thorough reform to U.S. tax law in more than three decades. Since it took effect…
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Business owners know that when they purchase property for business use, such as a delivery truck or machinery for production, they can claim deductions for the purchase of that equipment as a business expense under Section 179 of the United States In…
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For most business owners, their business is a source not only of income but of personal and professional pride. It may represent, aside from raising a family, the most significant achievement of their lifetime. Given the importance of the business in…
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In life and in business, you must plan ahead for the unexpected. A succession plan outlines a clear path for what should happen to your company when you retire or step aside due to illness or a disability. Succession planning involves multiple compon…
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Ted is one of the founding fathers of the Greater Dayton Volunteer Lawyers Project. A respected attorney with a commitment to pro bono. Read More
– Helenka Marculewicz, Executive Director, Greater Dayton Volunteer Lawyers Project, Was with another company when working with Ted at Gudorf Law Group, LLC