Revenue Ruling 59-60 remains the IRS’s primary guidance for valuing closely held businesses. This article explains the fair market value standard, required valuation factors, and practical implications for business owners issuing or transferring equity.

Not every income-generating activity qualifies as a business. The IRS applies specific factors to determine whether your side activity is a true business or simply a hobby—and the tax consequences are significant. Learn how the rules work, when deductions are allowed, and how to avoid IRS scrutiny.

A D-U-N-S® number is a foundational tool for building business credit, improving financing access, and enhancing credibility with lenders, vendors, and government agencies. This article explains how it benefits small businesses and when to obtain one.

Business liability waivers help companies reduce exposure to injury and negligence claims—when they are drafted correctly. Learn where waivers are used, how courts determine enforceability, and why custom legal drafting is essential for protecting your business.

Placing your LLC interests into a trust can shield your business from probate, protect your assets, and ensure a smooth transition if you pass away or become incapacitated. A trust-owned LLC provides privacy, continuity, and flexibility—making it a powerful estate-planning tool for entrepreneurs who want long-term stability and protection.

While the fixed-rent model remains standard, percentage rent offers a unique financial partnership that aligns the interests of landlords and tenants. However, the devil is in the details—specifically in how the lease defines "revenue." In this article, our Real Estate Practice Group breaks down the economics of the "natural breakpoint," the risks of audit clauses, and how to negotiate "Gross Sales" definitions that protect your bottom line without stifling growth.