Category Business Transactions (4)

Guidance on Tax Payments Following COVID-19 Outbreak

UPDATE: 4/10/2020 Yesterday, the IRS announced it is expanding the scope of what returns and taxes are now due July 15, 2020 (similar to previous announcements below). The new deadline more broadly applies to taxpayers with a filing or payment deadline on or after April 15 and before July 15, whether that is an original or extended due date. Most... Read More

Is Your Business Protected Against Business Interruptions?

COVID-19 has reminded businesses of the need to have plans for business interruption, contingency processes and procedures, and human resources and staffing preparedness in the event of disaster. Additionally, businesses need to review their contacts and ensure they are protected in the event their ability to perform per contractual obligations is... Read More

What are my Information Rights as an LLC Member?

When a limited liability company (“LLC”) is first formed, its owners are often eager to start doing business. In the pandemonium that comes along with getting a business up and running, the owners often overlook what business records and information the owners of the LLC may rightfully access going forward (often referred to as “information... Read More

What is an S Corp and Why Should You Consider One

S corporations, also called “S Corps”, are the largest tax filing entity in the United States. Nonetheless, I find that entrepreneurs are sometimes confused about what an S Corp is and why they should consider one. My goal with this post is to clear up misconceptions about S Corps and provide some insight as to the advantages and tax planning... Read More

Choosing to Operate as an LLC: What Next?

Congratulations on choosing to operate your business as a limited liability company. Limited liability companies offer the liability protection of a corporation and the tax benefits of a partnership, which make them a great choice. Deciding what form of entity you will be operating under is a huge step; however, there are now many things you need... Read More

Angel Investor Tax Credit - Qualifying Business Application Released

On January 25, 2017, the Iowa Economic Development Authority released the qualifying business application for the Angel Investor Tax Credit. The investor eligibility application was released previously. Businesses that conducted qualifying capital raises during 2016 can seek certification so their investors can claim the tax credit. Both the... Read More

When LLC Owners are Personally Liable

Check out BrownWinick attorney Matt McKinney's latest blog post, When LLC Owners Are Personally Liable, featured in the Business Record's IowaBiz Blog. Read more IowaBiz Blogs at www.iowabiz.com. Read More

Anonymous Ownership in an Iowa LLC

Check out BrownWinick attorney Matt McKinney's latest blog post, Anonymous Ownership in an Iowa LLC, featured in the Business Record's IowaBiz Blog. Read more IowaBiz Blogs at www.iowabiz.com. Read More