The Tax Cuts and Jobs Act (TCJA) of 2017 introduced major changes to the tax code that have significantly impacted small businesses. Among its key provisions were the qualified business income (QBI) deduction, a bonus depreciation deduction for qualifying property, and new limitations on business interest expense deductions under section 163(j) of the Internal Revenue…
Over 15 years ago, after gaining nine years of experience at various law firms, attorney Christopher T. L. Brown decided to establish NorthStar Law Group, P.S. His vision was to support the business community and families, helping them navigate the complexities of life. Understanding the challenges of starting and growing a business while raising a…
Starting a corporation or limited liability company (LLC) takes a lot of work. Before you serve your first customer or fulfill your first order, it is important to complete the initial business formation process. Although starting a business is a significant achievement, small business owners cannot coast on past accomplishments. You must look to the…
In a public corporation, shareholders can sell company stock at the current market price at any time. However, selling shares in a privately-held corporation is more complicated because the shares cannot be sold to the general public. Typically, shareholder agreements of a privately held business allow its shares to be sold only in certain situations.…