One of the most important functions a home & business attorney serves is to advise clients on the tax implications of running a business out of their home. The IRS has very strict guidelines governing home offices and the deductions that a taxpayer may take in connection with a home business. A home & business attorney may also advise clients in choosing the best business structure for their home business with an eye toward minimizing tax liability while maximizing asset protection. For home business owners who service clients or customers in their homes, having adequate insurance coverage is of paramount importance; if a customer or client is injured in the home and the homeowner does not have the right kind of insurance or enough insurance coverage, it could result in a loss of his business and his home,. Therefore, a home & business attorney often works closely with a client's insurance agent to insure that the client has the right kind and amount of insurance.