Tag Archives: business attorney

Business vs. Hobby: Factors the IRS Considers

A hobby is an activity that someone pursues because they enjoy it without any intention of making a profit. A business, on the other hand, is operated to make a profit.

  How can you tell the difference between the two? Here are the factors the IRS considers:  
  • Does the time and effort put into the...
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3 Asset Protection Tips You Can Use Now

A common misconception is that only wealthy families and people in high-risk professions need to have an asset protection plan.

But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your finances.  

What Exactly Is Asset Protection Planning?

Asset protection planning...
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How to Protect Your Family When You and Your Spouse Work in the Same Business

You and your spouse live together, you work together, and chances are you spend a lot of your free time together.

Having a successful marriage and business takes a lot of hard work and dedication but can also be among the most rewarding things in life. But what happens when your business hits a bump in...
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What SBA Economic Disaster Assistance is Available in Response to COVID-19?

Part 1: Coronavirus Preparedness and Response Supplemental Appropriations Act, PL 116-123 (March 6, 2020)

ECONOMIC INJURY DISASTER (“EID”) LOANS As authorized by PL116-123, the SBA has made Economic Injury Disaster Loans ("EID Loans") available for qualifying businesses that have suffered economic injury as a result of the Coronavirus epidemic. Below is a summary of the SBA's eligibility...
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