Because of the number of complex and specialized goods in the market, buyers increasingly depend on information that businesses provide about what they sell. Thus, courts have largely discarded the old saying, "Buyer beware," and are increasingly willing to hold...

Any business that receives more than $10,000 in the course of its business must file Form 8300 with the IRS. Intentional failure to file Form 8300 may result in a civil fine of the greater of $25,000 or the amount that was not reported. Willful failure to file Form...

With the speed of so many communication devices at our fingertips, it’s important for business people to take a moment to reflect before they communicate in a dispute. Disputes have a nasty habit of rearing their heads in court before a judge and a jury of your peers....

Assume that you and a partner own a restaurant that is organized as a limited liability company. Your partner contributed $100,000 to start the business and you contributed $50,000. However, you have always considered yourself to be an equal owner. You are responsible...

You can avoid estate and gift taxes using a Grantor Retained Interest Trust (GRIT), which is especially attractive while interest rates are at current record lows. The estate and gift tax savings come from the assumed rate of return applied to the assets contained in...

Section 1031 of the U.S. Tax Code allows an owner to exchange real or personal property held for investment or productive use for comparable like-kind property and defer the capital gains tax that would otherwise be due until after the replacement property is sold....