If you are thinking of forming a new business, an important question to consider is how you want that business to be structured. In Indiana, there are many types of business entities, including sole proprietorships, partnerships, limited partnerships, limited liability companies (LLCs), and corporations. Most businesses these days are structured […]
Post Tagged with: "Camden & Meridew"
Donald Trump’s Proposed Tax Legislation Compared to House Republicans’ Tax Proposal
While both President-Elect Donald Trump and the House Republicans view our tax code as being fundamentally flawed, their approach to fixing the tax code has taken different routes. On June 24th, 2016, the House Republicans, led by House Speaker Paul Ryan (R-Wis.) unveiled a plan for sweeping tax reform. The […]
IRS Tax Credits for Schooling
If you, your spouse, or child is a student, you could qualify for the American Opportunity Tax Credit or the Lifetime Learning Credit. Even if you qualify for both credits, you can only claim one per student in a tax year. The American Opportunity Tax Credit can be taken for […]
Donald Trump’s Proposed Tax Legislation
Tax rates for married taxpayers with income less than $75,000 is supposed to be 12%. If income is between $75,000 and $225,000 and you’re a married taxpayer, the tax rate is supposed to be 25%. For taxpayers earning more than $225,000 the rate is supposed to be 33% if you’re […]
Indiana Law and Cohabitation
What happens in the case where an unmarried couple that lives together ultimately breaks up where one party pays the majority of expenses? Can the party paying those expenses recover from their former partner? Indiana does not recognize common law marriage between parties who live together; however, Indiana does recognize […]
Entity Forms to Consider When Starting Your Indiana Business
When starting a business in Indiana, entrepreneurs should consider the advantages and disadvantages of forming a sole proprietorship, a corporation, and a limited liability company. The simplest form of business is the sole proprietorship. A sole proprietorship is a business entity owned by one individual who performs the majority of […]
IRS Update: Private Companies Will Now Collect Federal Tax Debts
On Monday, the IRS announced that it would have private companies collect Federal tax debts, pursuant to a federal law enacted by Congress in December. They chose for contractors to do this: CBE Group in Iowa, Conserve and Pioneer in New York, and Performant in California. The goal of this […]
Moving After Your Divorce or Child Custody Matter? Proceed Cautiously.
You’ve found a great new job in a different city or a better home across town. You’ve packed dozens of cardboard boxes, enlisted the help of friends to carry your furniture, and reserved a U-Haul truck. You’re just about ready to move. But if you’re an Indiana parent of a […]
Indiana’s Commercial Courts
When incorporating a business, many entrepreneurs end up choosing to incorporate in Delaware, based in part because of favorable corporate statues and immense business case law. Uniquely though, Indiana has been making strides in competing with Delaware on this issue. For example, many statutes pertaining to corporate entities and their […]
Indiana’s New Entity: B-Corporations; Evaluation of History and Current B-Corps
This January 1, 2016, a new entity structure for forming a business went into effect. The new entity structure is a “Benefit Corporation” or “B Corporation”. State Representative Casey Cox from Fort Wayne authored House Bill 1015, compelling Indiana to compete with some 28 other states that have already adopted […]