by Leonard J. Gambino | Nov 9, 2023 | Insights, Leonard J. Gambino, Sensible Solutions
Finding, grooming, and ultimately selling your business to one or more key employees is a process that typically takes several years. Once you have found the right successors, proper succession planning often involves two additional steps. The first step is often to...
by Leonard J. Gambino | Feb 1, 2021 | Insights, Leonard J. Gambino
A limited liability company (“LLC”) may elect to be taxed as a partnership, a C Corporation, an S Corporation, or as a disregarded entity. Many LLCs elect to be treated as “S Corporations” for federal income tax purposes in order to minimize employment taxes. Each...
by Leonard J. Gambino | Mar 30, 2020 | COVID-19 Updates, Insights, Leonard J. Gambino
The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) has been signed into law. A significant part of this legislation provides financial assistance to small businesses by means of the “Paycheck Protection Program.” This program will provide small...
by Leonard J. Gambino | Mar 23, 2020 | COVID-19 Updates, Insights, Leonard J. Gambino
Businesses large and small have been placed under tremendous financial strain due the current pandemic. Government action at all levels seeking to address the issue are advancing and changing by the hour. Some of these will offer small businesses some relief. ...
by Leonard J. Gambino | Aug 23, 2018 | Leonard J. Gambino, Sales Rep Articles
Factors such as long-term and stable relationships with principals and customers, selling products with a promising future in the market, and the firm’s commission income stream on the rise, tend to increase the price. Recently, a client requested our help with a...
