Acquiring a business can unlock growth opportunities, but it is a complex process filled with legal, tax, and financial considerations. In this video, we cover the key factors to consider, including: structure, due diligence, reps and warranties, indemnifications, tax implications, and more. Learn more: https://www.cummings.law/how-to-structure-a-business-acquisition-for-legal-protection/

Effective September 1, 2025, Texas Senate Bill 140 expands the state’s telephone solicitation law to cover text messages, images, and graphic transmissions—not just phone calls. Learn more: https://www.cummings.law/navigating-the-new-texas-texting-and-telephone-solicitation-law-dos-and-donts-for-small-business-owners/

Travel expenses are one of the most misunderstood areas of tax deductions. The IRS allows you to deduct transportation, lodging, meals, and incidental expenses—but only if they meet strict business-related requirements. Learn more here: https://www.cummings.law/how-to-legally-write-off-travel-expenses/

Drafting a Qualified Domestic Relations Order (QDRO) is one of the most technical aspects of dividing retirement benefits in divorce. This podcast explores the top concerns attorneys and CPAs must address. Learn more at https://www.cummings.law/qdro/index.html

The Step Transaction Doctrine is one of the IRS’s most powerful tools to challenge tax planning strategies. This doctrine allows the IRS to collapse multiple steps into a single transaction if those steps lack independent economic significance. Read more: https://www.cummings.law/understanding-the-step-transaction-doctrine-in-tax-law/

Puerto Rico’s tax incentives under Acts 20, 22, and 60 provide some of the most powerful opportunities for reducing tax burdens available. These laws, known offer benefits such as a 4% corporate tax rate for export services (Act 20) and a 100% exemption on dividends, interest, and capital gains for individual residents (Act 22). Read more.

Partnerships are a simple and flexible way to run a business, but they carry significant legal and financial risks. We also cover the importance of drafting a comprehensive partnership agreement, strategies for managing risk, tax compliance considerations, and methods for resolving disputes between partners. Visit our firm website at www.cummings.law.

Startups need a strong legal foundation to operate effectively and protect their interests. This video covers the essential legal documents every startup should have, including Articles of Incorporation or Organization, Operating Agreements, NDAs, Intellectual Property Assignment Agreements, Employment Agreements, and more. Visit our firm website at www.cummings.law.

Electing Subchapter S taxation allows qualifying corporations and LLCs to avoid double taxation by passing income, deductions, and credits through to shareholders. This podcast explains eligibility requirements, the IRS Form 2553 filing process, deadlines, and the pros and cons of S corporation status. Visit our firm website at www.cummings.law.

This podcast explains the complete liquidation of an S corporation, covering both corporate- and shareholder-level tax consequences. It outlines how asset sales or distributions are taxed, including built-in gains, depreciation recapture, and special installment sale rules. The discussion highlights common misconceptions and planning opportunities. Visit our firm website at www.cummings.law.