Image of an LLC owner contemplating the Corporate Transparency Act penalties

How Your Corporation or LLC Can Send You to Prison

December 02, 2023 05:30 pm by LawInc Staff

With over 6 million corporations and limited liability companies (LLCs) formed in the U.S. annually, business entity creation is ubiquitous. However, the recent Corporate Transparency Act (CTA) imposes new federal...

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Business owner considering common DIY incorporation mistakes.

DIY Incorporation: 8 Critical Mistakes

November 30, 2023 02:03 pm by LawInc Staff

With over 415,000 new business formations annually in California alone, company incorporation has become virtually mainstream. However, going the DIY route also comes loaded with legal complexities that business owners...

Daryl Hall and John Oates in a legal dispute

Maneater: How Lack of Deal Structure Chewed Up Hall & Oates

November 28, 2023 01:19 pm by LawInc Staff

Music fans were stunned this week when news emerged that famed Hall & Oates singer Daryl Hall filed a restraining order against his partner of over 50 years, John Oates....

Happy family smiling together, symbolizing the peace of mind from secure estate planning

Estate Planning for Entrepreneurs: Mistakes to Avoid

November 27, 2023 09:32 pm by LawInc Staff

As an entrepreneur, you have worked tirelessly to build your business and establish your professional legacy. Protecting what you have created should be a priority not only for your own...

California Medical Corporation Pitfalls: A Physician’s Guide to Avoiding Legal Trouble

November 26, 2023 06:58 pm by LawInc Staff

Forming and operating a professional medical corporation (PC) in California provides many potential advantages in limiting liability and optimizing tax benefits. However, navigating corporate formalities also carries legal risks if...

LLC owner confidently looking at the camera, symbolizing informed financial decision-making.

How LLC Owners Get Paid: Salaries, Distributions and Combinations

November 24, 2023 01:15 pm by LawInc Staff

As a limited liability company (LLC) owner, determining how to pay yourself appropriately involves key considerations around taxes, liability protection, and financial planning. With multiple options available, what is the...

Tesla Cybertruck on a mountain road, blending advanced technology with rugged performance, ideal for businesses seeking tax-efficient vehicles.

Tesla Cybertruck Weight Unlocks Major Tax Savings

November 22, 2023 05:54 pm by LawInc Staff

Tesla’s long-awaited Cybertruck is positioned to disrupt far more than the pickup truck market when production models hit roads. For small business owners strategically acquiring the Cybertruck, it can deliver...

Icons representing the diverse aspects and challenges of divorce in California.

California Divorce: 25 Critical Mistakes

November 22, 2023 10:36 am by LawInc Staff

With approximately 160,000 divorces filed each year in California, marital dissolution in the state is commonplace. However, it is also fraught with critical legal, financial, and emotional decisions carrying potentially...

A sleek and modern home office setup taking the home office deduction.

Home Office Deduction Breakdown

November 21, 2023 01:37 pm by LawInc Staff

The home office deduction lets you deduct expenses when using your home for business. With over 4 million Americans claiming this deduction, it remains a popular option for small business...

Bright and modern infographic highlighting the benefits of starting an LLC in California, using vivid pastel colors.

Start an LLC in California: Top 10 Benefits

November 20, 2023 04:01 pm by LawInc Staff

With over 500,000 LLCs formed each year in California alone, limited liability companies remain a popular choice for many small business owners. Forming an LLC can help protect personal assets...

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