December - 2016

Benefits Of Establishing A Trust

Benefits Of Establishing A Trust

Establishing a trust can have various benefits that many individuals find highly desirous. While many people have misconceptions regarding establishment of a trust, a trust can help you manage property and assets, save your family valuable time and money, and ensure that your property and assets are distributed according to your wishes. Below you can find some of the benefits that come along with the establishment of a trust. Avoiding Probate Avoiding probate can save both yo

The Process of Creating a Corporation

The Process of Creating a Corporation

The process of becoming a corporation, otherwise known as incorporation, has a number of important requirements that must be fulfilled. Below you will find requirements and commonalities that occur throughout the incorporation process. Incorporation requirements are codified in the California Corporations Code and can be found at: http://www.leginfo.ca.gov/.html/corp_table_of_contents.html Choosing A Name For Your New Corporation The first step in incorporating your business

Advantages of Using a Corporation as a Business Entity

Advantages of Using a Corporation as a Business Entity

Why Incorporate? If you own a business in today’s modern society, chances are you have probably thought about the different types of business entities that exist, and the possibility of choosing one that best fits the needs and dynamics of your business specifically. The corporate business form provides a multitude of benefits many are unaware of and generally is one of the most popular business entities. Below are a couple of the benefits that come along with the incorporati

Buying Property With a Group of Friends: Tenants in Common or Limited Liability Company?

Buying Property With a Group of Friends: Tenants in Common or Limited Liability Company?

With the cost of real and commercial property skyrocketing in the Bay Area many people have sought to form partnerships or joint ventures to purchase property. Oftentimes and individual cannot outright buy such an expensive piece of property however partnering with someone else may be beneficial. Many clients have came to our firm to structure deals regarding ownership of property and have wondered the implications of choosing a Tenancy in Common over a Limited Liability Co

Waiting Time Penalties

Waiting Time Penalties

Oftentimes employers take advantage of their employees and fail to pay them their final paycheck when they are fired or voluntarily leave their Company. California Labor Code § 203 provides for an assessment of a penalty against an employer when there is a willful non-payment of wages due to the employee at the conclusion of their employee relationship. The waiting time penalty is measured at the employee’s daily rate of pay and is calculated by multiplying the daily wage by

Single member Limited Liability Company

Single member Limited Liability Company

In today’s business climate there is no need for a person to be a sole proprietor. Many ma and pa shops continue to operate as sole proprietors, however, they are exposing themselves to unlimited liability and risking potential loss of their personal assets. For purposes of illustration, a family owned pizza restaurant sends their delivery driver Johnny on a pizza delivery. On the way to delivering the pizza he hits a bicyclist crossing the street, the cyclist falls off his

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