If your small Maine business has suffered losses because of bad debts, and you are wondering if you may be entitled to write them off, we can help you navigate the applicable tax rules to minimize your tax liability, as well as provide guidance about steps you can take to avoid losses from bad debts.
Maine Seniors Working. Many people over the age of 55 are finding they need to work longer, or that they want to start a new business or a new venture.
As your small business expands and evolves, it may make sense to consider changing its structure. Many small businesses start out as sole proprietorships or partnerships, with only one or two owners and no employees. Over time, as your business grows and changes.
Lenders are likely to include terms in loans provided to Maine Small Businesses to extensive personal liability. It is essential to seek legal counsel to explain the full ramifications of a personal guarantee before you sign on the dotted line.
The factors discussed in this blog post are only a few of the important considerations relevant to choosing the right structure for your business. The decision about which type of business entity to form is a complex one that will depend on your particular circumstances and the goals you seek to achieve.
f you are interested in protecting your new or existing LLC, we can help you draft or amend your operating agreement to include key provisions such as a non-compete clause, as well as others specifically tailored to meet your business’s needs.
All employers, including small businesses, are required to complete and retain a Form I-9 Employment Eligibility Verification for every person they hire to work inside the U.S. for pay or any other type of compensation. Failure to comply could result in severe penalties.
Each business has its own set of circumstance to consider. Don’t go it alone. We are here to discuss how to properly structure, form, and protect your business.
Whether you are just starting up a new Maine company or have a business that has been in operation for a while, good record keeping is an essential part of running your business. You are responsible for establishing an effective system to store and maintain your business records whether your small business is a sole proprietorship, partnership, LLC, or corporation. Some types of records will help you to keep track of business details and plan for your business’s future, but others are required by law. Here are some of the records your business may be legally required to keep.
Regardless of the types of pre-employment background checks you use, the key to success is avoiding unlawful discrimination. We can help you determine what might constitute discriminatory behavior on an overall policy level and on a case-by-case basis.
A business plan is an annual strategy exercise, detailing the business’s financial and funding information, its products or services, competitive research and analysis, marketing plans, sales plans and projections, and information about the key people and their roles.
Whether dissolving your business is a happy or sad occasion, it should be handled thoroughly. Failing to wrap up all loose ends can lead to years of frustration and possible litigation with former employees, vendors, and partners. We’d be happy to help you wrap things up and move on to your next venture.
A well-drafted employee handbook for your Maine business is essential not only to set out your company’s policies and establish expectations but also to protect your business from potentially costly litigation.
I’m hearing this all too often: People in times of crisis are letting the nursing home do their mainecare application.
In sixty seconds, learn one of the most important analysis you can conduct to save taxes for your estate.
Your old estate plan could be costing your estate a fortune in taxes.
Minute Estate Planner – PODCAST
Learn the 3 things you absolutely must know when or before applying for Mainecare. It could save you hundreds of thousands of dollars…
Those starting to think about estate planning sometimes think there is a choice between probate avoidance/cost savings versus achieving effective estate planning goals. Penbay Estate Planning Law Center thinks you can achieve both.
Although a power of attorney is a useful document to have in an emergency it is not a substitute for an estate plan.
Our support systems include our family members, professional colleagues, neighbors, and our friends. Without our supporters, we would be unable to continue doing what we love.
Learn how to plan for a possible future disability, and why it is more important than you think. Senior disability planning in Camden Maine, Rockport, Rockland, Belfast, – Midcoast Maine
The Family Compact is a legally enforceable set of documents meant to permit parents the right to ask about their child and intervene in emergencies.
Read about common misconceptions and traps for the unwary that could reduce the value of your estate to zero.
Being a child of an elderly parent can be hard. But it is easier than being elderly. Examine your relationship with your elderly parents on this day.
