Is Your Side Hustle a Hobby or a Business?
Is Your Side Hustle a Hobby or a Business?

Legal Considerations for Distinguishing Between a Hobby and a Business Understanding whether your side hustle qualifies as a hobby or a business goes beyond just tax implications; it involves significant legal considerations. This distinction affects how you operate, your financial obligations, and potential liabilities. Differentiating Between Hobby and Business The primary distinction between a hobby and a business lies in their objectives. A business is conducted with the intention of making a profit, while a hobby is pursued for personal enjoyment without the intent to generate income as a primary objective. This differentiation is vital because it affects the side... READ MORE

Important Developments in California Employment Law Effective July 1, 2024

Starting July 1, 2024, California employers must comply with the following changes in the law impacting their employees: 1. Most Employers Must Implement a Workplace Violence Prevention Plan As previously explained in last month’s newsletter, California requires employers, with few exceptions, to implement a Workplace Violence Prevention Plan (WVPP) by July 1, 2024.  Details of the WVPP and how to comply with the new requirements can be reviewed by clicking here.  Should your company need assistance in creating a WVPP, Chase Law Group can assist you. Contact us to get started. 2. Changes in the Division of Workers Compensation New... READ MORE

Can I Use Their Logo? Understanding Nominative Fair Use of Logos

Nominative fair use allows a business to refer to another company's goods or services by using their trademarks without needing permission. This principle is essential for businesses that provide services related to products from other companies. For example, auto repair shops, tech support services or medical providers. A recent discussion sheds light on how this doctrine applies, specifically regarding the use of another company's logo. The Scenario A medical services provider put on its website a logo of an insurance company alongside other insurance companies’ logos noting that the facility accepts those insurance policies. However, one company sent a notice... READ MORE

It’s Time for Summer Vacation: Be Prepared for Employee Requests for Time Off

With summer fast approaching, it’s a good time to review and update company vacation and personal time off (PTO) policies to ensure compliance with California law. The following is a brief discussion of the laws that apply to vacation and PTO in California. Vacation versus PTO Policy As a preliminary matter, employers are not required to have a vacation or PTO policy. However, once they do have such a policy, employers must comply with applicable California requirements. There are two approaches when it comes to providing paid time off to employees. Some employers elect to provide a stand-alone vacation policy... READ MORE

Legal Must-Haves for Long-Term Business Success

For small businesses long-term success requires more than just a great product or service. It also demands careful attention to legal matters to ensure compliance, mitigate risks, and protect the business's interests. As business attorneys, we've identified several key legal must-haves that every business should implement to lay the groundwork for sustainable growth and success. Choosing the Right Legal Structure First and foremost, every business needs a solid legal structure. Whether you're a sole proprietorship, partnership, limited liability company (LLC), or corporation, choosing the right legal structure is essential for protecting your personal assets, minimizing tax liabilities, and defining your... READ MORE

Non-Disclosure Agreements: Protecting Your Company’s Trade Secrets and Confidential Information

Virtually every company has developed product details, such as recipes or processes of manufacturing, or even customer purchasing information that it wants to protect from disclosure to competitors and the public.  To protect this critical data, which would be considered trade secrets or confidential information, depending on the nature of the information,  companies must take key steps to ensure it is not taken by employees whether intentionally or inadvertently. A Non-Disclosure Agreement (NDA) also referred to as a Confidential Information and Inventions Agreement, is an effective and necessary tool which both notifies employees of what the company considers its trade... READ MORE

Legal Spring Cleaning: Why Every Business Needs an Attorney

As spring approaches, we urge business owners to prioritize their compliance with corporate, federal, and legal requirements. It's a critical step in ensuring your business stays on track and avoids potential pitfalls down the road. Here's how Chase Law Group, with its wealth of experience and expertise, can guide you through each aspect of compliance and beyond: Tailored Expertise Across Industries and Stages: With years of experience assisting businesses of all sizes, types, and industries, our firm understands the unique challenges you face. Whether you're a startup carving out your niche, a growing enterprise navigating expansion, or an established corporation... READ MORE

Get Prepared: California Employers Required to Implement Workplace Violence Prevention Plan by July 1, 2024

Last year California passed SB 553, which is now Labor Code Section 6410.9, a first in the nation law requiring employers to implement a Workplace Violence Prevention Plan (“WVPP”).  The new law mandates that employers create and implement a WVPP no later than July 1, 2024.  The WVPP must comply with key requirements of the new law, which will be enforced by Cal/OSHA, who may issue citations and penalties for violations. Section 6401.9 applies to all California employers, with the following exceptions: Employers who are already covered by the Workplace Violence Prevention in Healthcare standard (or employers that already comply... READ MORE

Current Status of Corporate Transparency Act Compliance (March 7, 2024)

At Chase Law Group, we've had several inquiries with regard to the status of compliance with the Corporate Transparency Act (“CTA”) in light of the March 1, 2024 ruling by the federal district court in the Northern District of Alabama in the National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.) wherein the court found the CTA to be unconstitutional and enjoined enforcement of the CTA as to the parties in that case only. In a notice issued by the Financial Crimes Enforcement Network (FinCEN) on March 4, 2024 with regard to the ruling, FinCEN advised that “the government... READ MORE

Real Estate Agents: Have you set up a corporation and are you compliant with the Corporate Transparency Act?

Benefits of Having a Corporation In the real estate industry, there are many complexities of legal and financial matters involved in property transactions. Establishing a corporate structure provides real estate agents numerous advantages, ranging from tax benefits to liability protection. By operating through a corporation, agents can potentially reduce tax burden and shield personal assets from business-related liabilities, providing invaluable peace of mind in an inherently risk-laden industry. Without setting up a corporation, real estate agents operate as sole proprietors or in partnerships, exposing themselves to significant risks. They may face personal liability for business debts, lawsuits, or legal claims... READ MORE