The practice of law, as a business, is an expensive one to run. Attorneys are often looking for ways to cut overhead costs and maximize profits. Sometimes, attorneys look into the idea of sharing office space to cut down on expenses: sharing an office, having a common receptionist, and sharing the costs of office supplies and related operational expenses.
In such situations, typically each attorney maintains a separate law practice, with separate fees, revenues and malpractice policies. Each practice completes and files separate income taxes for its own business. There is no doubt in any one of the attorneys’ minds that these are separate and distinct law practices by different attorneys in different practices.
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