Protect Your Home and Your Business
The Law Office of E.C. Lewis, P.C. understands that home-based businesses present challenges to the owners that run them. For owners that provide services out of a home residence, caution must be taken to comply with local regulations, including any home-owners association regulations. Owners must ensure that insurance coverage is purchased that covers any accidents that may happen in the home. For high-risk businesses, ensuring that the company maintains a clear and distinct identity can help business owners keep everything they have worked for.
Are You Missing Out on Tax Deductions?
Even if services are not provided directly out of the home, but rather the main office is out of the home (i.e. a construction worker who provides services at the client’s place but only has an office in the home), there are issues to tackle that aren’t present for other companies. Maintaining accurate records of the amount of the home used as a home office can mean the difference between a deduction on your tax return and no deduction.
Business formation decisions can help home-based business owners save money on their taxes and increase the chances of a court finding limited liability on the part of the owner in the case of accidents. However, many home-based business owners fail to consult an attorney to determine if changing the way they do business would help them.
Elizabeth Lewis, MS, JD Is Your Denver Small Business Lawyer
If you are thinking about starting a home-based business, or already have one and want to find out if you may benefit from having a new business formation structure, contact us for your business assessment today.
Multiple Ways to Serve You
The Law Office of E.C. Lewis, P.C. understands that not all business owners can take the time out of their busy schedules to come to an office, appointments are available by phone, online, and through video-conferencing for those individuals who are on the go. Contact the Law Office of E.C. Lewis, P.C. today to schedule an appointment!
We Are Centrally Located
Located in Cherry Creek, the Law Office of E.C. Lewis, P.C. offers clients the convenience of being in the center of the Denver Metro Area, without having to deal with the traffic of downtown Denver.
Whether your business is big or small, you have 20 employees or one, you are required to pay the right taxes at the right time. Understanding your tax obligations are an important part of your business formation. How you are structured and whom you employ will impact your taxes, and any mistakes or omissions will not go unnoticed by the Internal Revenue Service (IRS) or the Colorado Department of Revenue (CDOR). A small business attorney can help you prevent liability issues, maximize your deductions, and represent you in the event of an audit or penalty. This post will cover five things every small business owner should know about business tax.read more
Contact Us Today
Law Office of E.C. Lewis, P.C.
Your Denver Business Attorney
3773 Cherry Creek North Drive, Suite 575
Denver, CO 80209
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