3 10, 2018

Pitfalls to Avoid for Small Businesses, Non-profits and Start-ups in California

By | 2019-05-22T12:19:48-08:00 October 3rd, 2018|Asset Protection, Business Contracts, Business Formation, Business Law, Commercial Law, Contract law, Contracts, Corporate Compliance, Corporate Law, LLCs|Comments Off on Pitfalls to Avoid for Small Businesses, Non-profits and Start-ups in California

Many small business owners and non-profits are unaware that their organization may not have the legal right to enter into contracts, prosecute a lawsuit, or defend against a lawsuit if their business does not maintain a qualified status with the California Secretary of State’s office (SOS) or the Franchise Tax Board (FTB). Contracts entered into [...]

7 03, 2018

CALIFORNIA STATEMENT OF INFORMATION, WHEN TO FILE?

By | 2018-03-07T08:36:06-08:00 March 7th, 2018|Business Formation, Business Law, Corporate Compliance, LLCs, Uncategorized|Comments Off on CALIFORNIA STATEMENT OF INFORMATION, WHEN TO FILE?

Don’t miss your deadlines for filing a Statement of Information with the California Secretary of State. Below are the required due dates for filing (penalties assessed range from $50 to $250): 90 Day Statement of Information/Change of Corporate Information: For Domestic Stock, Agricultural Cooperative, Foreign Corporations and Limited Liability Companies, a Statement of Information is [...]

14 09, 2016

GUARDING AGAINST PERSONAL LIABILITY FOR RENTAL PROPERTY OWNERS IN CALIFORNIA

By | 2017-09-11T06:08:23-08:00 September 14th, 2016|Business Law, LLCs|Comments Off on GUARDING AGAINST PERSONAL LIABILITY FOR RENTAL PROPERTY OWNERS IN CALIFORNIA

Big rewards can be reaped by owning investment properties, but so too can big risks. One common threat real estate investors wish to avoid is personal liability for judgments resulting from a lawsuit. Even the most conscientious owner may one day find him or herself embroiled in a costly legal battle. While it is impossible [...]

14 09, 2015

Should You Elect S Corporation Status for Your New Business?

By | 2017-09-11T23:30:10-08:00 September 14th, 2015|Business Formation, Business Law, Corporate Compliance, LLCs|Comments Off on Should You Elect S Corporation Status for Your New Business?

At the outset, it is important to clear up one common misconception our San Diego business attorneys hear a lot: An “S Corporation” is not a type of entity which can be formed through the California Secretary of State’s Office. Unlike a C Corporation, an LLC or LLP, an S Corporation is a type of [...]

28 02, 2015

What is an LLC Operating Agreement?

By | 2017-09-11T23:55:18-08:00 February 28th, 2015|Business Formation, Business Law, LLCs|Comments Off on What is an LLC Operating Agreement?

LLC stands for limited liability company. With an LLC operating agreement, you and your co-owners can set up clear financial and management structures to suit your business. The agreement includes ownership percentages for each co-owner, the amount of each co-owner's share of the profits or losses, and the rights and responsibilities of each co-owner. The [...]