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Chip Wry Discusses Planning for Tax Reform in Accounting Today Article 07/05/2017

Posted by Morse Barnes-Brown Pendleton in Attorney News, Financial Services, Taxation.
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M0846619Accounting Today’s article “Getting Ahead of Tax Reform” discusses the importance of planning and action for businesses before the potential tax reform takes place. Tax attorney Chip Wry comments on the uncertainty of which pieces of the proposed legislation will be enacted, and notes the possible implications regarding the elimination of the interest expense deduction and the expensing of capital expenditures. Chip also discusses how tax reform could affect choice of entity for new businesses, particularly the choice between C corporation or LLC. Chip notes:

Before the individual rates went up under the current rules, we formed a higher percentage of companies as LLCs than after they increased… But with the increase in rates, we were more willing to form companies as a C corporation.”

For more of Chip’s insights into potential tax reform, read the full Accounting Today article.

Chip Wry Discusses Choosing a Business Structure in Inc. Magazine Article 06/07/2017

Posted by Morse Barnes-Brown Pendleton in Attorney News, Taxation.
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M0846619Inc. Magazine’s article “10 Questions to Ask Yourself Before Choosing a Business Structure” offers a primer on choosing a company’s business form. Tax attorney Chip Wry notes that “choosing a business entity is like looking into the crystal ball of your company’s future”. The article covers some of the differences between S corp, C corp, B corp and LLC and what those differences can mean for the future of a company.

For more information, please read the full article or contact Chip Wry.

Mark Tarallo Teaching at IP & Entrepreneurship Clinic 03/30/2016

Posted by Morse Barnes-Brown Pendleton in Attorney News, Events, MBBP news.
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Attorney Mark Tarallo will teach at the Intellectual Property & Entrepreneurship Clinic of Suffolk Law School tomorrow on the subject of Choice of Entity.

Key topics that will be discussed:

  • Choice of Entity in Formations
  • Issues to Consider When Choosing an Entity
  • Equity Compensation Plans for Different Entities
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