You may be considering starting a business, and establishing it as a Limited Liability Company (LLC). If so, there are several key elements that you should include in your LLC operating agreement to ensure that your legal rights are protected.
The equity structure of a business includes contributions, capital accounts, and how profits and losses are allocated. You should make...Read More
The California Probate Code 850 is commonly referred to as the Heggstad Petition and avoids the lengthy court probate process by asking a court to transfer a property to a beneficiary following a decedent’s death. This petition is typically used when a decedent created a valid trust but failed to property title one or more property in the name of the trust.
Filing an 850 Petition
If your...Read More
If you were in the process of estate planning, you may wonder how you will be able to finish your important legal documents during this time of global pandemic. Many areas are currently requiring shelter-in-place, and those that are not may be by the time this article is actually finished. The changes are occurring at a rapid pace, and you may wonder how your estate planning can be handled in...Read More
In an attempt to prevent older Americans from outliving their assets in retirement, the federal government passed The Setting Every Community Up for Retirement Enhancement Act of 2019 in December 2019. Known as the SECURE Act, this law was approved as an end-of-year appropriations act and tax measure that helps out many Americans. Learn more about the SECURE Act and how it may impact you....Read More
What You Need to Know About the New AB5 Law
In September 2019, California Governor Gavin Newsom signed into law the AB5 bill. This “gig worker bill” could potentially reclassify millions of workers in California who are independent contractors and make them employees instead. The legislation is far-reaching and affects more companies than simply Uber and Lyft; it affects and impacts a...Read More
As a business owner, you create contracts that specify certain expectations and requirements agreed to by both parties. When one party purposefully makes a false statement to get another party to sign a contractual, legally-binding agreement, this is known as fraudulent misrepresentation. Understanding what constitutes fraudulent misrepresentation can help you determine if you should seek...Read More