Small Business Links for 8/04/08
How cheating on your taxes can impact business sale price Portland Business Broker Thoughts
Yet another reason why you should be honest. Small understatements in revenue can have tremendous impacts on future valuations of your company.
Office in Home Depreciation PDX CPA: Tax & Accounting Advice for Portland Small Businesses
The potential pitfalls of depreciating your [...]
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I recently had the opportunity to ask Brian Jamison of OpenSourcery a few questions about his business and how it ...
Less than a year into owning and operating two small businesses, Tara M. Bloom already has plenty to say about ...
Marketing & Advertising
What you can learn about product pricing from prostitutes.Sometimes the best thing to do when facing competition is to raise your prices. I found an interesting take on the Spitzer saga in the Washington Post. Columnist Harold Meyerson writes about high end prostitutes as positional goods.
Positional goods are those commodities that are more valuable than their run-of-the-mill counterparts because a [...]
Legal
Oregon Limited Liability CompanySince LLC’s are by far the most popular business organization at the moment. I prepared a few slides.(If you are using a feedreader,you may not be able to see the slides.)
If you don’t care about privacy, you can file most of the forms yourself at filinginoregon.com. It’s straight forward enough to do on [...]
Business Technology
Google apps for small businessI recently began using google apps for my day job, the aptly titled KevinSpenceLLC. I was looking for a cheap solution for email, calendaring and web publishing. So far, I am pleased with the standard edition.
The standard is free to use and comes with a collection of existing google products(Gmail, pagecreator, calendar, etc.) [...]
Accounting
Paying rent to yourself in a home officeAt the PDXwi event last week, I was asked a very interesting question: Should a home based single-member LLC pay rent to the owner of the home–the same person– in order to avoid any “piercing of the veil” problems.
I found an answer to this problem in IRS publication 587. Single member LLCs are disregarded entities [...]