Structured settlements are commonly associated with the payment of personal injury damages because of their advantageous tax-free treatment, but some business purchases and buyouts can also benefit from structured settlements using annuity payments from an insurance company. A structured settlement is an agreement made to settle a monetary claim or lawsuit. It provides for a…
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Goodwill: Personal or Business — and Why Does It Matter?
You can’t touch goodwill, but it’s one of the most valuable assets for many businesses. Commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors and other types of businesses. Valuing intangible assets, including goodwill, requires the use of a business valuation professional to get it done right. Getting a Handle…
OSHA Log Posting Tips
Injury and illness reports aren’t generally fascinating reading material. Even so, the Occupational Safety and Health Administration (OSHA) requires most businesses to fill out detailed reports of work-related injuries and illness, and to post them conspicuously. From February 1 through April 30 the logs (known as OSHA Form 300 logs) for the prior calendar year…