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Legal Business Expenses

oboloo Glossary

Legal Business Expenses

Legal business expenses refer to costs that are incurred for the purpose of conducting business. These types of expenses can include court costs, lawyer’s fees, purchasing supplies and other materials, and various licensing and registration fees. In order to be a legitimate legal business expense, it must be related to the operation of a business in a manner that is beneficial to the company. Any expense that directly supports the development or growth of the company should also be considered a legal business expense. It’s important to understand the difference between personal expenses and those deemed as normal business operations expenses in order to properly track and budget for them.

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