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.
Be sure your cyber liability insurance policy covers all of your domain names
Many businesses have multiple domain names, make sure that you have disclosed all of them to your cyber liability insurance company to ensure you are fully insured. If you have...
Cyber liability insurance coverage is NOT really optional
In a recent AZBigMedia article, Mastercard was quoted as stating that 46% of small to medium-sized businesses have experienced a cyberattack. These attacks can be devastating to a business if...
HAPPY EARLY THANKSGIVING!!!
To all of my blog followers and their families, I am grateful to you. I hope you have at least a little restful, relaxing and peaceful time off. I will...
We shook hands on the deal, is that ok?
Uhhhh, no. I take that back. It is ok until you disagree and then it is definitely not ok as there is nothing in writing to support your position. Even...
THANK YOU TO ALL VETERANS AND THEIR FAMILIES!!!
I am grateful to all the men and women that have served to protect the freedom I enjoy. Whether in war time or peace time, military service requires dedication and...
Why do some businesses file tax returns and others don’t? How can I minimize my tax liability?
LLCs can elect how they want to be taxed. Electing a method of taxation is simple and it may be changed as your business grows. HOWEVER, choosing the right type...
My friend’s cousin is doing my taxes as a favor: The importance of having a qualified tax professional on your team
I got some really, really bad tax advice when I first started my business. My first year in business, I worked really hard to pay my employees (not myself) and...
Open Enrollment on the Health Insurance Marketplace begins TODAY
Given that the One Big Beautiful Bill Act (“OBBBA”) eliminated tax credits for health insurance previously in effect under the Affordable Care Act (“ACA”), it may be harder for your...
What happens to my business if I want to retire or die?
If you don’t know what happens to your business if you want to retire or (God forbid) die, you do not have an exit strategy. Don’t worry, you are not...
Corporations vs. LLCs – What should I choose for my business?
Corporations and Limited Liability Companies (LLCs) afford business owners the same personal liability protection. Corporations have more formal business structure and are ideal when there are multiple parties owning and...