Lutz Business Insights

What Are Surety Bonds, and When Might You Need One

What Are Surety Bonds, and When Might You Need One

Surety bonds are used in the real estate and construction industries to ensure the completion of a contract in the event of a contractor default. If you as a contractor are bidding on work, there is a possibility that contract requires a surety bond…

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Doubts on lease standard may result in delays

Doubts on lease standard may result in delays

Many companies are worried that they won’t be able to implement the FASB’s new lease standard on time. This article highlights the concerns facing CFOs and business owners. Their concerns have already persuaded the FASB to propose narrow-scope relief to utilities and oil and gas companies…

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Sole Proprietor? LLC? Choosing A Business Structure

Sole Proprietor? LLC? Choosing A Business Structure

It’s one of the first and most important decisions you’ll make when you start a business. Your early days as a new business owner are full of decisions, ranging from choosing a name to the font on your business cards. Both tax and nontax factors will influence your choice of a business structure: here are some basics of each option.

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How to Increase the Value of Your Business

How to Increase the Value of Your Business

According to Inc. Magazine’s “The Most Valuable Company in America”, it is likely that 10 million small companies will be sold in the next five to ten years. Because of this development, many of our clients regularly approach us to discuss business valuation…

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