IRS and Independent Contractors
The Internal Revenue Service (IRS) has announced it is undergoing an extensive initiative to identify businesses that are incorrectly classifying employees as independent contractors. For those businesses that choose to reclassify their independent contractors as employees the IRS is charging a small penalty payment to cover past payroll taxes. For those businesses who choose to […]
Should I Incorporate? Choosing the Form of Entity for Your Business
Choosing the form of entity by which to conduct business is one of the first, and often most important, questions faced by someone starting a business. Several factors determine which form of business entity is most appropriate for a particular business, including protection of the owners of the business from debts, obligations and liabilities of […]
A Utah Franchise Attorney’s Advice for Aspiring Franchisors
Working with an experienced franchise attorney is the best way for would-be franchisors to get practical and accurate information on business expansion. Entering the world of franchising offers several benefits, but the growth strategy also comes with many challenges — and new franchisors often make costly mistakes. Before you consult with a franchise attorney, however, you have […]
The Basics on Intellectual Property Licensing
How much do you know about intellectual property licensing? If you’ve invented a product or developed trade secrets such as a specialized marketing method or innovative software solution, you may need to navigate the complex world of IP licensing. You’ll certainly want an experienced business attorney to guide you along, but getting familiar ahead of time […]