Summary: Those who primarily work from home, network marketers, and those who have launched their hobby into a small business may not realize that operating under a legal business structure is a good way to protect your assets and even increase the amount of money you retain at tax time.. We live in a very litigious society and it is very easy to get sued and lose all you have worked hard for. Also, creating a legal structure allows deductions not otherwise available. There are many legal structures a home based business can take from sole proprietor, LLC, partnership, incorporation and more. Attorney, Mark Jennings will be my special guest to explain the various legal structures so you can decide which will be best for you.
