Business Advice

I’ve created a checklist of twenty-five terms commonly found in a detailed contract for the international sale of goods.  The previous terms can be found here https://iebusinessdaily.com/?s=John+Tulac Here are the final ten terms: Breach, Default and Termination: Specifying the conditions of breach and default is sometimes valuable in and of itself, …

By Edward L. Fixen There are many potential strategies to reduce and minimize tax liability when selling a business. One strategy that is often overlooked is the use of “personal” goodwill for the benefit of both parties in an acquisition. Personal goodwill is distinct from conventional corporate goodwill which is …

By Tim Kolacz When you buy a building, what are you really doing? Are you buying it for the value it gives your company? Is it for the, hopefully, increase in its value over the coming years so that you can sell it at a profit? Or are you buying …

By Michael K. Menerey, Partner, CFO Edge, LLC There is often uncertainty among business owners and entrepreneurs when it comes to determining whether they need the skills of a controller or a CFO. These are critical, high-level financial positions in a small or mid-sized business, so it’s important to make …

By John Tulac I’ve created a checklist of twenty-five terms commonly found in a detailed contract for the international sale of goods.  The introduction and first five terms were published on January 23rd and can be found here. https://iebusinessdaily.com/contract-checklist-international-sale-goods-commentary-part-one/  The next five terms were published on March 13th and can be found here. https://iebusinessdaily.com/contract-checklist-for-international-sale-of-goods-with-commentary-part-two/ …

By Edward L. Fixen It’s very interesting that most business owners do not hesitate to invest in insurance to protect their personal and business assets, yet don’t make the nominal investment to develop an exit/succession plan that protects a business owner’s greatest asset, the value of their business when it …