Hobby or Business? Avoid the Hobby Loss Rules
Like many of us, you’ve probably dreamed of turning your favorite pastime into a regular business. What better way to be passionate about your business and make money at the same time.
Like many of us, you’ve probably dreamed of turning your favorite pastime into a regular business. What better way to be passionate about your business and make money at the same time.
I don’t recommend relying upon an entity alone as your sole asset protection strategy. Instead, I recommend a multi-barrier approach that creates as many impediments as possible between you and any would be litigant.