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Taxing Severance Pay

Many employers have typically interpreted their FICA (Federal Insurance Contributions Act) obligations (i.e., Social Security and Medicare) to extend to severance...

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Selling Your Existing Business

How much is it worth? If you are thinking of selling your existing business, the first question you will ask...

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CONVERTING A SOLE PROPRIETORSHIP TO AN LLC OR CORPORATION

Some entrepreneurs opt for an easier business model like a sole proprietorship due to its simplicity. However, as a business...

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