New technology brings exciting opportunities for early innovators, and potentially disastrous disruptions to the status quo. Blockchain, a growing, publicly-distributed ledger of transaction data and cryptographic hashes that famously enables cryptocurrencies like Bitcoin, Ethereum, LiteCoin and Ripple, may be one such technology.
POSTED BY Seth Cronin AT 12:58 P.M. Aug 8, 2018TAGS: Disruption | Innovation | Seth Cronin | Blockchain
How can tax accountants, wealth managers, M&A brokers, and business owners extract the most value from personal goodwill? Tax court decisions (Bross Trucking, Inc., T.C. Memo. 2014-107, and Estate of Adell, T.C. Memo. 2014-155) have demonstrated that sale of personal goodwill as a distinct asset, separate from corporate goodwill, can provide significant tax advantages for individuals. However, the decisions also illustrate the need for a robust set of justification for the value of personal goodwill in order to withstand challenges.
POSTED BY Seth Cronin AT 12:26 P.M. Jul 25, 2018TAGS: Trade Secrets | Valuation | Banking | Mergers and Acquisitions | Seth Cronin