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New Lawyers Practice of Law Starting a Law Practice

Going Solo? Don’t Forget Insurance!

ThinkstockPhotos-460141487One of the first and most important purchases for an attorney opening a new practice is insurance coverage. Here’s a look at what you’ll need.

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Employment Law Practice of Law Starting a Law Practice Tax Law

Opening a Law Practice? Pay Attention to Tax Issues

460413025Updated 2/2/18: Under new IRC §199A, owners of passthrough entities including a law practice organized as a partnership or professional corporation may deduct 20 percent of qualified business income, excluding reasonable compensation for the business owner. No deduction is allowed for passthrough income from personal services, including legal services, and the deduction is limited to 50 percent of wages paid to employees, but these limitations are phased in above an individual income threshold ($157,500 for single taxpayers, $315,000 for married taxpayers filing jointly). Taxpayers below the income threshold may deduct 20 percent of law practice income derived from the services of paralegals, associates, and other employees.

You’ve decided to open your own law office and are ready for your clients’ cases, but are you also ready to handle the tax issues that go hand-in-hand with running your own business?

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Practice of Law Starting a Law Practice

Starting a Solo Practice – Step 1: Getting Office Space

The following is a guest blog post by Jessica N. Asfour, Esq. of Asfour Law Office in Oakland, CA.

Experts say that to begin your own law practice, you need only your own motivation and a mailing address. As an attorney with a new solo practice, I would like to unpack the last part of that statement: the mailing address.

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Practice of Law

Steps Toward a Healthier, Happier (and More Productive) Law Office

In running a law firm there is often little thought given to physical and mental health of employees. Stress and its close companions high blood pressure, obesity, and substance abuse are major risk factors in the development of chronic health conditions. To keep your office healthy, regularly consider the effects of the office environment on your employees’ health.