AB Law Blog
Writing Off Business Start-Up Costs
According to the IRS, there are three categories of start-up expenses eligible for deductions: expenses for creating your business, expenses for launching your business, and expenses for organizing your business. Each category consists of different types of costs, including the following…
Including Cryptocurrency in Your Estate Plan
Just like any other property you want to pass on, detail in your estate plan who you want to inherit your cryptocurrency, and then include specific instructions in your will or trust how you’d like the accounts managed in the future. Do NOT include passwords or security keys in your planning documents, where they can be read by others…
4 Tips to Scale Your Business for Sustainable Growth
Growth is only sustainable if you have the systems and resources to support it. As your company expands, so do your costs and workload. If you aren’t bringing in enough revenue to cover the increased demand, both your costs and workload can quickly become unmanageable. This is where “scale” comes in. Scaling your business is about planning for growth, so as your operation gets bigger, your costs and workload don’t increase to unsustainable levels. Effective scaling involves increasing revenue at a rapid rate, while increasing costs at a comparatively slower rate. Or it might require taking on investment capital, debt, or other funding to make investments before revenue would otherwise justify investment. Here are 4 tips to help ensure your company is properly scaled for sustainable growth…
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