The Five Stages of Small Business Growth

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As business growth happens, the business goes through several distinct stages – from start-up through maturity. One way to evaluate the level of legal support needed by a business is to peg which stage of growth the business is in. There are several different models used to describe the stages of business growth. One of the most popular systems, originally published in the Harvard Business Review, divides businesses into five stages. These stages are summarized ...

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Avoid Tax Penalty With an IRS Penalty Abatement Letter

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Of course it’s best to avoid incurring IRS tax penalties but if you get saddled with any, the best way to get out of having to pay is so obvious it’s often overlooked: Just ask! The IRS has a “Penalty Handbook” describing various penalties that may be assessed against taxpayers. In addition, the Handbook also contains little known loopholes that can be used to ask for a reduction or elimination of penalties. The IRS Penalty Handbook is available to taxpayers ...

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