Business Law

There are many perks to owning your own business. You set the budget, expectations and goals -- but you also must assure that all laws are followed and tax obligations are fullfilled. For some, this is another perk. The ability to control these details may bring a...

The Internal Revenue Service (IRS) reviewed tens of thousands of small business tax returns in 2017.How will I know my business is the subject of an audit? The IRS always notifies the business through a mailing. Never by phone. 70.8 percent of all audits were...

Successful entrepreneurs may have difficulty translating their business style into an effective leadership strategy. A few tips that can help business leaders provide quality leadership for their personnel include:Take time. This is a two-part tip. First, take the...

Business owners are preparing to file for taxes under a whole new federal income tax regime. The Tax Cuts and Jobs Act (TCJA) passed last year led to the biggest change to the tax code in decades. A number of these changes directly impact small and medium sized...

Legal tools can help the longevity of a family business. Two options to consider when aiming to keep a family business in the family include trusts and shareholder or buy-sell agreements.A trust: Reduce tax obligations and financial burden for future generations A...

The Tax Cuts and Jobs Act (TCJA) led to major tax reform. One specific section of the Act has produced some confusion for small business owners: the qualified business income deduction. This deduction has gone into effect for 2018 tax returns. As such, it is important...

Understanding elements of business law is essential for new business owners. The United States Small Business Administration (SBA) reports there are 30.2 million small businesses in the United States. This translates to 99.9 percent of all businesses in the country....

A strong tax planning strategy can save your business money. Amazon received press earlier this year after its tax bill became public. The retail giant paid only $1.4 billion in income taxes between 2008 and 2017. This is significantly lower than another giant in the...

At some point in time, a business owner may face a lawsuit. This suit could be the result of any number of things such as an employee who alleges employment law violations like discrimination or harassment, a client who has issues with the business' products or...

Clickwrap agreements result when a user clicks a button or checks a box to confirm that he or she accepts the agreed upon terms. Businesses often use these contracts for those who are setting up an email account, using an online banking system or purchasing a product...