Home | About Us | Ask a Question | Areas of Practice | Consultations & Retainer | Press Release | Tiếng Việt

 Domestic Law
 Auto Accidents
 Bankruptcy Law
 Business Law
 Family Law
 Litigation
 Personal Injury
 Real Estate Law
 Wills and Trusts
 International Law
 Immigration VISA
 Non-Immigration VISA
 Immigration through other  channels
 Immigration through other  channels
 Forum with Attorney
 Search within the site
Questionnaires & Checklists
 Consultations
How to reach us?
Toll-free number:
1-866-360-4LAW
1-866-360-4529
 

Our location

Main Office:
16177 Brookhurst Ave
Fountain Valley, CA 92708.
Tel:
(714) 636-6030
       (714) 389-7880
 
>>Map

Orange County
14411 Brookhurst Ave,
Suite A
Garden Grove, CA 92843
Tel:
(714) 775-7770
>>
Map

Rosemead
8450 Garvey Ave. Suite 208
Rosemead, CA 91770.
Tel:
(626) 307-4000
>>
Map

Other branches:

626-288-0854 (San Gabriel
Valley)

Business Law
 
A business is an activity performed for profit.

The difference between carrying on a business and a hobby is that a business has an expectation of profit, is run in a systematic, continuous and regular businesslike manner, and has ordinary commercial principles governing it (such as business and accounting records). A person who collects and sells baseball cards on a regular basis from a store is engaged in a business, while a casual collector, who will occasionally trade a card or two with friends is probably engaged in a hobby. The distinction is important for tax purposes as losses from a business are tax-deductible, while losses generated from a hobby are not.

The most common forms of business organizations include:

(1) Sole proprietorship

(2) Partnership

(3) General partnership

(4) Limited partnership

(5) Limited liability partnership

(6) Corporation

(7) Subchapter S corporation

(8) Subchapter C corporation

(9) Limited liability company

The form in which you conduct your business determines issues such as the extent of personal liability that you have from the business and how the business will be taxed
 

 


                                   
 © COPYRIGHT 2003 ALL RIGHTS RESERVED - WWW.USALUAT.COM. Disclaimer. Designed by Sea-lion eXTReMe Tracker