Archive for Business News – JC Cancelleri, PC
Happy New Year – Make Time to Do Extraordinary Things
Below is an article recently posted by Seth Godin. It’s short but insightful. At Torus Law we are committed to helping your business become extraordinary and to helping you become an exceptional leader. In 2012 we are poised to partner with you to Dream, Plan, Build and Protect your vision, your results and your business. [...]
How Lose Lips Might Sink Ships or in these cases get you sued.
A recent Virginia case and one being filed in New York illustrate the consequences of making public comments about individuals related to a sensitive issue. In the Virginia case a Commonwealth’s Attorney (CA) said that criminal charges against three current and one ex-supervisor were “winnable” and he “could have made them stick.” The CA made [...]
Stupid Technology Mistakes
In a recent Lawyer’s Weekly edition the editors published eight technology mistakes as reported by Sharon D. Nelson and John W. Simek with Sensei Enterprises, Inc. Here they are in bullet form: 1. Not using a screensaver; 2. Never turning off your computer; Nelson and Simek noted that turning off your computer once a day [...]
Owner Liable for his company’s debt, part two
In my last post I discussed some of the trends related to LLCs and corporations. I noted that in 2010 LLC’s were the preferred entity choice over corporations by a more than two to one margin. One of the differences between LLC’s and corporations are the consequences that could result from failing to follow certain [...]
Owner Liable for his Company’s Debts
This is a two part series on the increasing popularity of using a limited liability company (LLC) to organize a business versus incorporating. In a recent continuing legal education seminar on LLC’s, presenters Allan Donn and Brian Farmer noted that in 2010 approximately 13,500 corporations were formed in Virginia. By contrast some 34,500 LLC’s were [...]
Are taxes dischargeable under the bankruptcy code?
The answer is it depends. Some taxes like trust fund taxes are not dischargeable. Other taxes like income taxes may be depending on various factors. There are five factors that must be satisfied to discharge income taxes: 1) the return date for the tax must be more than three years old. For example, the return [...]
