Cocoa Law Office

Proving loss of income for people who are self-employed is not easy.  One of the best ways to show a loss of income is by keeping detailed records of earnings, expenses, tax returns, and receipts for comparison of earnings after the accident.  Make sure to keep detailed records of your injuries and treatments to show that they were serious enough to force you to take time off work and have a negative effect on the business.

Before anything else, consider what type of business entity is right for the business type. There are sole proprietorships, partnerships, corporations, and limited liability corporations (LLCs). The size and type of business being conducted will likely help determining which type of business entity will be the best fit. There are different advantages and disadvantages to each type of business entity. Allocation of profits and losses among the owners is another concern if the business is going to have more than one owner. Then there is also the matter of determining how much employees are to be paid and drafting any types of employment agreements employees are to sign upon accepting employment with the company. All of these decisions can have effects that last throughout the life of the business, so it is important to make the right ones from the start. Contact an attorney experienced in Business Law today for assistance in determining the right business entity, drafting necessary documents, and answering difficult questions.

If a person believes they will be out of work for at least one year, they can apply for Social Security disability benefits on the very same day they become disabled. There may even be social workers at the hospital who can assist the disabled person and their family with getting in touch with the Social Security Administration.