BUSINESS

TRANSACTIONS & DISPUTES

Start-Ups

Start-up Entities (Corporations, Partnerships, Limited Liability Companies)

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Family-Owned Businesses

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Mid-to-Large Sized Entities

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Owners and Founders

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Directors and Managers

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Suppliers and Service Providers

Mergers, Acquisitions and Enterprise Transactions

Mergers, Consolidations, Reorganizations

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Acquisitions & Sales of Businesses (Asset & Stock)

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Leveraged Buyouts

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Management Buyouts and Buy-ins

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Equity Incentive Plans

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Staged Liquidity

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Joint Ventures and Teaming Arrangements

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Licensing and Distribution Arrangements

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Franchising

Enterprise Maintenance

Board Structure and Advisory Work

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Employment, Consulting and Non-Compete Agreements

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Executive Incentive and Stock Option Plans

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Confidentiality Agreements

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Non-Compete Agreements

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Intellectual Property Protection (Copyrights, Trademarks, Trade Secrets)

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Real Estate and Leases

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Machinery and Equipment Purchases

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Supplier and Vendor Agreements

Business-Related Legal Fees Are Tax Deductible

Only legal fees directly related to the business are eligible for tax deductions, not those related to individuals, such as owners or employees. Legal fees are deductible as a business operating expense. If you are a sole propriator, these fees are deducted on IRS Schedule C; if you are a landlord, they are deducted on Schedule E. See list of legal matters for which legal fees are deductible.

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Can Business Owners Hide Their Identity?

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...

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Essential Business Contracts

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.

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Crypto Wallets Scams- Be Ware.

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:

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Social Engineering Scams: Insights from a Legal Practitioner

In the ever-evolving landscape of cyber threats, social engineering scams stand out as one of the most insidious forms of attacks. Cybercriminals adeptly manipulate human behavior, emotions, and motivations to exploit the weakest link in cybersecurity - us. Concerningly, none of the data safeguards can protect us against social engineering scams. As a lawyer, I idenitfy scams and, as a result, prevent clients from getting scammed. In this blog, I'll explore the dangerous combination of social engineering and sophisticated technology, discuss a report by Proofpoint, and present examples of how lawyers can assist in identifying and avoiding social engineering scams.

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Should I Consider Buying Shares or Assets of a 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:

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Steps Involved in Acquiring a 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:

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FAQ

Can I register a business in a different state?

Yes. Some states allow business registration without physical presence as long as you have a local registered agent.