Category: Business / Employment

Whether you are buying a business, selling a business, negotiating with a supplier or customer, or even bidding for something on e-Bay, it makes sense to try to negotiate to minimize your purchase price (or maximize your sale price if you are a seller).   This… Continue reading →

Whether in these tougher economic times or under more normal conditions, furnishing your business with the necessary equipment can be a difficult decision.  First, there is the business decision of whether you need the equipment.  After that comes another question – how should I acquire… Continue reading →

On October 28, 2008 there will be a free breakfast seminar sponsored by Tannenbaum & Aalok at the Sheraton Park Ridge Hotel in King of Prussia dealing with the topic of selling a business.  The seminar, which will run from 8:00 a.m. to 10:30 a.m.,… Continue reading →

During the past decade many individuals have sought to lessen potential gift and estate tax liability by establishing what is popularly known as a “family limited partnership” (an “FLP”) to hold business assets.  As a tax planning mechanism, the FLP is used because the limited… Continue reading →

If your business involves the sale of goods or services on open account (i.e., where you invoice your customer after the goods or services are provided) there may come a time when you have to resort to the court system to collect what is due. … Continue reading →

  Whether you are selling goods or services, loaning money, or entering into other contracts requiring payment or performance by the other party, there is always a risk that you will be left “holding the bag” if the other party does not pay or perform… Continue reading →

  Vendor (seller) defaults and failures can be as serious a problem in economic downturns as customer defaults and failures.  As in managing customer relations, there are a number of steps that can be taken to prevent your vendors’ financial problems from becoming your problem.… Continue reading →

   In 2007, Congress and President Bush took action to increase the minimum wage under the Fair Labor Standards Act (“FLSA”).  This was the first increase in close to ten years.  As this goes to press, the federal minimum wage remains at $5.85 per hour,… Continue reading →

When starting a business (whether it is forming a business based out of your home, opening a small “mom and pop” store, or establishing a business where you buy and sell real estate), choosing the type of business entity to form (for example, an “S-Corporation”… Continue reading →

  What is Partition?       The proverb “all good things must come to an end” is often all too accurate in a world where personal and business relationships sometimes end acrimoniously.  Such bitter endings may cause many problems, such as where the parties own… Continue reading →