Lisa and the Law
Welcome to Lisa and the Law, the official blog of Thompson Law Group. Information is power and here is where you get some. We understand that running a business can be overwhelming so we will provide timely insights on business law matters and practical advice for business owners. Stay tuned for updates on the law, news you can use, and actionable advice from an experienced business law attorney.
Partnership and S-Corp tax returns are due March 16, 2026 – NEXT WEEK
If your business is taxed as an S-corporation (S-corp), or is a partnership, multi-member LLC, or is an actual corporation, the business has to file its own tax return. Required...
Annual Best Practices for Businesses – FREE Seminar NEXT Thursday
If you are interested in learning more about annual best practices for ALL businesses, please register for this FREE seminar, Thursday, March 12th at Noon (MST – Arizona time). I...
FinCEN’s Residential Real Estate (RRE) rule is in effect.
The RRE went into effect on March 1, 2026. This rule requires that non-financed residential real estate transfers (all cash deals, gifts or other transfers) to trusts, LLCs and some...
Perseverance does pay off – true stories
We are surrounded by business owners that persevered through many failures to be the household names we know today. My favorite story (and for my clients who have gone through...
Courage and perseverance are key for business owners
As Tucson gets ready for the rodeo this weekend, I thought I would share a quote by John Wayne, “Courage is being scared to death and saddling up anyway.” Lisa...
Reflections on George Washington’s Birthday
One of my favorite quotes from George Washington is: “It is much easier at all times to prevent an evil than to rectify mistakes” (as quoted in Forbes – 2/16/15)....
Follow the advice of your professional team
This is a true story. An LLC was formed by 2 owners (members). One member held a 96% membership interest and the other held a 4% interest. The majority member...
Qualified Tax Professional vs. Qualified Business Law Attorney
It is tax time and if you have elected to have your business taxed as an S-Corporation (S-corp – taxed using the regulations of Subchapter S of the Internal Revenue...
Why do you say “QUALIFIED” professional?
It is not enough to contact an attorney or contact a CPA. You need to find a professional with experience working with businesses (preferably in your industry). Tax advice for...
Failure to have a qualified professional team for your business
If you have never spoken with a qualified business law attorney or a qualified tax professional, you may be sitting on a ticking time bomb. Many business owners think that...