Business Law

Business tax deductions are ordinary and necessary expenses a business can subtract from its taxable income, lowering the amount of tax owed. For 2026, the major deductions include the Section 179 deduction, capped at 2,560,000 US dollars, 100 percent bonus depreciation, the qualified business income deduction of up to 20 percent for eligible pass through owners, and the standard mileage rate of 72.5 cents per mile for business driving.

Beast

Jul 24, 2026·10 min

The most common trademark registration mistakes include skipping a comprehensive search before filing, choosing a mark that is merely descriptive, filing in the wrong class, using the TM symbol incorrectly before registration is complete, underestimating the true cost of registration, failing to properly prove use in commerce, missing post registration maintenance deadlines, and attempting a complex filing without an attorney.

Beast

Jul 24, 2026·16 min

Every small business should use written Business Contracts to define responsibilities, payment terms, confidentiality obligations, ownership rights, and dispute resolution procedures. Essential agreements include service agreements, employment contracts, independent contractor agreements, vendor contracts, partnership agreements, and business purchase contracts. For high-value or legally complex transactions, consulting a business contract attorney is strongly recommended.

Beast

Jul 16, 2026·14 min