article thumbnail

How to Prepare a 1099 for Attorney Fees and Settlements

MyCase

Penalties for late or missing filings vary depending on the delay: Filing 30 days late: $60 per form, up to $630,500 annually ($220,500 for small businesses). Filing after 30 days but before August 1: $120 per form, with a maximum of $1,891,500 annually ($630,500 for small businesses).

article thumbnail

LTRC Roundtable Discussion: Payments

LawTechnologyToday

I am attracting more individuals, small businesses, and foreign-based clients since I started to accept credit card payments. A solo or small firm should ensure that they are handling these types of payments properly. I’m not sure how much due diligence it’s realistic to do. DK: I prefer card payments for this reason.

Diligence 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Customs and Trade News Weekly Snapshot

Customs & International Trade Law

The urgency for businesses to undertake appropriate human rights due diligence measures. United States Trade Representative (USTR) USTR, the Small Business Administration and Department of Commerce convened the second USMCA small and medium-sized enterprise dialogue U.S. Census Bureau The Census Bureau on Sept.

article thumbnail

Growing Your Law Practice Using Virtual Staff

Lawfecta

There are three types of virtual legal staff: Virtual paralegal: A virtual paralegal is an experienced professional who can help you with specific projects such as client intake, pleadings, law and motion drafting, due diligence matters, legal research, summarizing depositions and testimony, and locating and interviewing witnesses.

article thumbnail

Your Legal Checklist for Selling a Business

LegalReader

Selling a business is different than selling something like a car, where you hand the keys to the buyer and go on your way. Many buyers want you to stay on and train them for a couple of months before you leave.

Legal 116
article thumbnail

TechReport 2021: Cloud Computing

LawTechnologyToday

Other consumer or small business cloud services also remained popular (notably, iCloud at 20%, Box at 11%, and Evernote at 11%). This area is definitely one in which lawyers can improve their due diligence efforts. Microsoft 365 (formerly known as Office 365) was in second place at 48%.

article thumbnail

TechReport 2022: Cloud Computing

LawTechnologyToday

Other consumer or small business cloud services also remained popular (notably, iCloud at 21%, Box at 18%, and GSuite at 8%). This area is definitely one in which lawyers can improve their due diligence efforts. In 2022, Dropbox again topped the list at 66%. Zoom did not appear among the highest-used services.