Whether it’s with an employee, client, a vendor, or a business partner, going to court to resolve a dispute is something you want to avoid at all costs, since even if you wind up winning your case, getting caught in the court process is time-consuming, expensive, and almost never good for your company’s reputation. To this end, the next time you find yourself in a dispute, you might consider attempting to resolve the matter through alternative dispute resolution (ADR).
There are many factors to consider when deciding whether to change the structure of your small business especially if it is growing and expanding. By this, for any type of change, it is important to make sure that you complete all the notifications and registrations required by the state law. If you need help in implementing the business structure that is the most advantageous for your individual circumstances, consult with us so we can guide you step by step with the process.
Although the home office deduction was eliminated for employees as part of the 2017 tax reform, owners of home-based businesses may still take advantage of this deduction as long as they meet the following requirements set out by the IRS. Read here to know more. We'll be happy to provide guidance about how to maximize your tax saving and meet your legal obligations if you're uncertain whether your home-based small business is eligible for the home office deduction or have other tax questions.
It is critically important to be knowledgeable about the type of risks and legal issues your small business may encounter, especially if you are considering to start expanding your physical business or just starting a home-based business to ensure that your business is compliant with the law and that your interests are protected. With the help of an expert and with your knowledge of the issues you need to consider for your business, you will surely succeed in your new venture.
Managing Retirement Assets Investments yourself has its own pros and cons and whether you choose to manage your retirements assets investments on your own or hire a professional financial advisor, it is always important that you have a clear vision for your financial future and that you understand the financial concepts along with the legal rules associated with your kind of investments to ensure it is protected and to avoid hefty fines.
As a business owner, it is critically important for you to maintain a summary of your business transactions and retain all important documents that can be used to verify the accuracy of your summary for tax purposes. Keeping good records of your transactions and tax invoices will help you to monitor the financial performance of your business as well as comply with your tax obligations.
Learn here the documents your small business should keep.
If you are interested in starting a new business, it is critically important to know not just all the requirements, federal, and state laws of Business Opportunities but also, to know the seller whom you are dealing with to ensure that you are not misled and that it is legitimate. Contact an experienced business lawyer like us so we can guide you through the purchase of a business opportunity, a franchise, or a pre-existing business.
The new overtime pay rule will take effect on January 1, 2020, so it is critical that as early as now, you figure out how this will impact the budget of your small business and consider which action is best to take. If you are concerned that your business may be impacted by this new overtime rule, consult with us so we can help you ensure that your employees are properly classified as exempt or non-exempt to maintain your compliance with the law when the rule takes effect in January 2020.
Destructive consequences can emerge if your business is structured in a way that could lead to deadlock and your partnership or operating agreement lacks provisions for resolving such an impasse. You must have a partnership or LLC operating agreement designed to prevent this situation from arising. Consult with us to discuss this or any other issues related to the formation of your new business.
Small mistakes can hurt your credit without you having any knowledge. It is important for you to be aware of your credit score and everything that is affecting it. You may not think there is anything lowering your credit score but there might be an old bill or even fake accounts under your name that are hurting your credit. Here is how you can take care of your score.