What is the "character" of a business transaction?

Posted on Monday, December 7th, 2009 at 4:47 am    

Many companies will cite the character of their business transactions. When they cite this, they are usually discussing the transaction’s gain or loss type.

In other words, the character will likely either be a capital gain or loss. Also, it will describe whether the gain or loss was short term or long term.

If you or anyone you know has questions about the character of your business transactions, contact the Des Moines business transactions lawyers of LaMarca Law Group, P.C., at (877) 327-2600.

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