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129 - 5 reasons why business owners need legal protection

  • Writer: janelehman
    janelehman
  • Jun 3, 2021
  • 1 min read

Did you know that Line 17 of your Schedule C tax form is for legal and professional services?


That's right, legal service fees are tax-deductible.


Utilizing qualified attorneys on a regular basis for consultation and other services could change the trajectory of your business.


Every small business owner has legal needs, but most of them don't budget for attorney's fees.


And, few business owners actually access legal services they need on a regular basis.


Common issues that face business owners are:


Changes in Tax and other laws

Compliance issues

Employee-related issues

Intellectual Property

Internal Agreements


Of course, there are many other reasons including debt collection, contract review, having letters written, or even the threat of being sued...The list is long.


The whole reason for having an attorney is to make good decisions about your business, not pay thousands of dollars for issues that could have been avoided.


With all of the legal aspects of running a business wouldn't it make sense to consider protecting your business?


If you could pick up the phone and talk to an attorney about any business matter without getting a big bill, would you?

 
 
 

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