
Dan Brecher
Counsel
212-286-0747 dbrecher@sh-law.comFirm Insights
Author: Dan Brecher
Date: October 7, 2020
Counsel
212-286-0747 dbrecher@sh-law.comWhile the COVID-19 pandemic has wreaked havoc on many existing businesses, it has also created new opportunities for budding entrepreneurs. As social distancing, remote learning, and telecommuting have become the new normal, many online businesses are thriving. New businesses are also forming to meet our changing needs, which range from online fitness classes to remote working platforms.
The pandemic may also make it more affordable to launch a new business, particularly one that is exclusively online. It’s now the norm to work remotely, which means you can not only operate your business from the safety of your home but also avoid costly lease payments for office space. Many of the expenses associated with a home office are also tax-deductible.
All of these benefits can make it extremely tempting to launch an online business in the throes of the pandemic. However, before starting your new business, you should be clear on some key questions:
Finally, many entrepreneurs make the mistake of trying to do everything on their own and don’t hire professionals to advise them on tax, accounting, human resources, or legal issues, even the sale of the business. Missteps in these crucial areas can be disastrous, costing your start-up both time and money in the long run.
If you have any questions or if you would like to discuss these issues further,
please contact Dan Brecher or the Scarinci Hollenbeck attorney with whom you work, at 201-896-4100.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
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No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
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