8 Lines of Defense from Lawsuits

Here are 8 Lines of Defense from Lawsuits every business owner should have. Good Business Practices Using contracts and proper documentation of services offered AND what’s NOT included in services. Entity Structure Sole Prop, Partnership, S or C Corp, LLC. Entity Compliance Don’t just meet the minimum requirements. “Preponderance of the Evidence” criteria. Insurance General […]

8 Steps in the Lawsuit Process

Here are 8 Steps in the Lawsuit process that every business owner should know. Analysis by Opposing Counsel Does an attorney think they have a case they can ARGUE… it doesn’t matter if they can WIN. Demand Letter from Opposition Attach a dollar amount or resolution to the claim (i.e.: apology, $$, etc.) Filing Lawsuit […]

Start-Up Expenses Explained

Strategy:  IRS Makes Deducting Start-Up Expenses Easier Before explaining how the IRS just made your life easier, let’s briefly review what defines a  start-up expense.” Basically, a start-up expense is an expense that would not be deductible without this special tax break which allows you to deduct both your “thinking about getting into business expenses” […]