Your business needs a new vehicle. The dealer offers two choices. Buy it for $65,000. Or: Lease it for $1,050 per month. The salesperson tells you leasing gives you a better tax write-off. A friend says buying is smarter because you own an asset. Your bookkeeper says the corporation can deduct the vehicle anyway. All...

Your operating company is profitable. Cash is building up. You are not personally spending all of the money the business earns. Your accountant, business partner, or another entrepreneur mentions setting up a holding company. The idea sounds attractive: “Move excess cash to a Holdco, invest it there, protect the money, and save tax.” But is...