Because there are so many sole proprietor businesses, two questions come up over and over: Can you sell a sole proprietor business? and Can a sole proprietor have more than one owner? Can you sell a sole proprietorship? Pirate Bob, Sole Proprietor Yes. You are not selling stock like you would in a corporation, and […]
So, You Are Being Audited?
First rule: Don’t panic. You have probably done nothing wrong. In the past 5 or so years, my clients have received about a dozen of those lovely letters from the IRS. There has been no change for any of them. The IRS conducts many of what they call “letter audits.” These are merely requests for […]
Are unpaid internships legal
A big discussion at ChrisBrogan.com about unpaid internships spilled over into the question of whether unpaid internships are legal in the US. I used to work in the field of workforce development (back in the dark ages), so I wasn’t afraid to head to DOL to check. Here’s what my research says:Unpaid internships would not […]
Annual IRS Small Business Survey
A small business related announcement from the Internal Revenue Service: The Small Business/Self-Employed (SB/SE) division of the IRS will begin conducting its annual telephone survey of taxpayers starting January 18, 2010 and running through mid-April, 2010. This survey is targeted to small business and self-employed taxpayers who file certain income tax forms, including: 1120, 1120S, […]
