The $250,000 capital gains tax exclusion lets you avoid paying tax on up to $250k of profit when selling your primary home ($500k if married filing jointly). Requirements: Own the home 2 of the last 5 years Live in it as your primary residence for 2 of the last 5 years Can only us...
At first many of our clients think a CPA and a lawyer are interchangeable advisors to their business. Especially if they have developed a good relationship with one or the other. But we have found this practice to be especially problematic. In this article we examine the role of a business law...
Choosing the right business attorney can save you time, money, and stress. Here are 10 key questions to ask before you decide what lawyer to hire: 1. What type of business entity is best for me? LLC, S Corporation, C Corporation, or Partnership — each has different liability protections and t...
When businesses and lenders enter into financing arrangements involving movable property—such as equipment, inventory, or accounts receivable—it's crucial to understand the role of the Uniform Commercial Code (UCC) in protecting those interests. Many clients are surprised to learn that filing a U...
Imagine this: You're going about your day when a legal document shows up — a judgment against your business. You've never even heard of the lawsuit. Panic sets in. Is this real? Can they do that? Yes, they can. But that doesn't mean all hope is lost. 📜 What Is a Default Judgment? A default j...
If you've been hearing a lot about “cost segregation” lately—especially in the context of bonus depreciation and the 2025 tax law changes—you're not alone. For many real estate investors and business owners, this tax tool is becoming a game-changer for accelerating deductions and unlocking upfron...
Understanding Accelerated Depreciation A newly passed federal tax law has reinstated 100% bonus depreciation for qualifying property—offering a huge incentive for real estate developers and small business owners. But here's the key: The property must be placed in service on or after January 1...
Absolutely! Here is a Louisiana-specific version of your blog post, tailored to your audience and clients: When planning for long-term care—particularly nursing home care—many Louisiana families face a tough question: “Will Medicaid count my home when determining my eligibility?” The answ...
In today's fast-paced digital world, it's tempting to cut corners on legal documents—especially when websites and AI platforms offer “free” or “instant” operating agreements. A quick Google search might lead you to a generic template or even a ChatGPT-generated draft. While the promise of conveni...
When you form a multi-member LLC to build a business—especially in creative, tech, or innovation-heavy industries—there's often an assumption that everything created under the LLC umbrella is owned by the company. But that's not always true. In fact, when it comes to intellectual property (IP) li...
If you own a business in Louisiana and are married—or planning to marry—you may assume a buy-sell agreement will protect your company from disruption in the event of divorce. But in a community property state like Louisiana, that assumption may be risky. Even the most carefully drafted agreement...
If you're a Louisiana attorney and the sole owner of your law practice, you may assume your license shields your business from the reach of community property laws. Unfortunately, that assumption is wrong. If your law practice was formed during your marriage, the business itself is considered a ...
When it's time to bring a Louisiana limited liability company (LLC) to an end—whether due to strategic shifts, member decisions, or unforeseen events—business owners must follow a legally compliant process to dissolve and liquidate the company. This blog post walks you through the critical steps ...
A powerful tax strategy is poised to return—and for real estate investors and business owners, it could mean massive first-year write-offs and improved cash flow for investment property. Under the recently passed Tax Cut, Bonus or Accelerated Depreciation is a tax cut that is set to be reinstate...
Owning property jointly can offer many benefits—shared expenses, family legacy, and financial investment. But what happens when the relationship between co-owners breaks down, and worse, the property ends up in foreclosure? This is a question we hear more and more frequently at Business Law Group...
When it comes to construction projects—whether you're building a new office, renovating a retail space, or constructing a dream home—a well-drafted construction contract is crucial. This contract is your roadmap, your shield, and your compass throughout the project. Yet, many owners sign on the d...
Sometimes investments and business dreams don't go according to plan. When you're ready to exit an LLC that you've invested in—especially one where you've committed a substantial amount of capital —how you leave that LLC can significantly impact the tax treatment of your lost investment. One of t...
As an entrepreneur, you've worked hard to build your business name, logo, and reputation. Naturally, you want to protect it. That's where trademark registration comes in — securing your brand so no one else can legally profit from your hard work. But let's be honest: the trademark process can fe...
Louisiana's video poker industry is highly regulated under state law, primarily administered by the Louisiana Gaming Control Board (LGCB) and enforced by the Office of State Police, Gaming Enforcement Division. Anyone seeking to engage in video poker gaming — whether as a premises owner offering ...
At Business Law Group, we are committed to protecting our clients not only throughout the trademark application process but also from deceptive practices that follow it. One of the most persistent threats facing trademark owners today? Scam invoices designed to appear as legitimate government com...
A recent U.S. Supreme Court decision in Ames v. Ohio Department of Youth Services has brought much-needed clarity to the interpretation of Title VII of the Civil Rights Act of 1964. For business owners, HR professionals, and employment counsel, understanding the implications of this ruling is ess...
Louisiana has long been recognized for its rich culture, culinary excellence, and—unsurprisingly—its thriving beverage alcohol industry. With a strong tourism sector and year-round demand from both locals and visitors, Louisiana offers a highly attractive market for out-of-state alcohol manufactu...
Why Louisiana Couples Should Consider a Centralized LLC Structure Entrepreneurial couples in Louisiana often find themselves juggling multiple businesses: a real estate investment here, an e-commerce venture there, perhaps a consulting firm or side hustle. While each of these may be operating un...
How to get out of my franchise
Why single member LLCs in Louisiana where the single member is married need an operating agreement and an estate plan that addresses death and divorce.