Developing in the Lake Tahoe Basin: TRPA Development Rights
Development in the Lake Tahoe Basin is heavily regulated by the Tahoe Regional Planning Agency (TRPA). This article explains transferable development rights (TDRs), including RUUs, TAUs, and commercial floor area, and outlines the options available to property owners seeking to develop or transfer rights.
Revenue Ruling 59-60 and the Valuation of Closely Held Businesses
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.
Hobby or Business: What Factors Does the IRS Consider?
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.
Why Every Small Business Should Consider Obtaining a D-U-N-S® Number
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.
Common Considerations for Using a Liability Waiver in Your Business
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.
Why You Should Consider Putting Your LLC into a Trust
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.
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