When drafting a contract, it's essential to go beyond boilerplate clauses and envision potential scenarios that could arise, kind of like trying to acquire crystal ball powers looking into the future. We proactively engage with the client to understand the nuances of the client’s business, which in turn helps us develop a better crystal ball to protect business interests and prevent costly disputes.
Business
Only legal expenses directly related to the business are eligible for tax deductions, excluding fees incurred by individuals such as owners or employees. Legal fees are considered business operating expenses and can be deducted. Sole proprietors are required to report these fees on IRS Schedule C, while landlords are required to report them on Schedule E.
Business
Yes. Some states do not ask for identity of business owners or members of LLCs at the time of business registration. However, effective January 1, 2024, identities of owners of private companies will have to be reported to the federal government...
Business
Congratulations! You've launched your business venture. Now, it's time to solidify your agreements with partners, vendors, and clients through well-drafted contracts. At KYZ Law, we understand the importance of clear and enforceable contracts for businesses. Here, we'll explore some essential business contracts.
Business
Crypto wallets, while offering convenience for digital assets, can be vulnerable to scams. The vast majority of fraud involving cryptocurrency or foreign currency trading, also known as forex, begin on social media or through messaging apps. Use Crypto Scam Tracker managed by the Department of Financial Protection and Innovation to learn about some of the names used in the scams and the description of their scams. You can file a Complaint on their website as well. Here are some common ones to be aware of:
Business
In today's dynamic cybersecurity landscape, social engineering scams remain a cunning and pervasive threat. Hackers exploit human vulnerabilities – our emotions, trust, and desire to be helpful – to bypass even the most robust data defenses. These scams target the weakest link: us.
Business
Whether it's better to buy shares or assets in a business transaction depends on the specific circumstances and the goals of the buyer. Here are some factors to consider when making the decision:
Business
Acquiring a business can be a complex process that requires careful planning and execution. The specific steps involved will depend on the type of business, its size, and the structure of the transaction. However, some general steps that are typically involved in the process include:
Business