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RECENT ARTICLES
Avoiding the Out-of-State LLC Trap: Why It's Usually Best to Keep Things Local
November 15, 2024 10:11 pm by Zach Javdan
Many entrepreneurs are lured by the siren song of forming their LLC in business-friendly states with low filing fees like Delaware, Wyoming or Nevada. But unless your company has a...
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Forming an S Corporation? Here’s How to Avoid the Top 10 Legal Mistakes That Could Cost You
October 11, 2024 03:10 pm by Zach Javdan
Starting an S corporation can be an attractive option for small business owners looking to limit liability and save on taxes. However, the process involves navigating a maze of legal...
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The Freelancer's Dilemma: Is an S Corp or LLC Better for Your California Business?
August 29, 2024 10:08 pm by LawInc Staff
Selecting the optimal business entity type is a crucial step for California freelancers launching their own venture, as it impacts key aspects like taxes, liability, and operations. For many freelancers,...
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Corporate Formalities in S Corporations: Essential Practices for Compliance
August 19, 2024 08:08 pm by LawInc Staff
Maintaining corporate formalities is crucial for S corporations to preserve their limited liability status and avoid potential legal and tax consequences. Neglecting required legal procedures may cause a court to...
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The FTC's Review Rule Bombshell: Kiss Your Fake Followers and Reviews Goodbye or Face the Legal Consequences
August 16, 2024 12:08 pm by LawInc Staff
The FTC’s new rule on the use of consumer reviews and testimonials aims to crack down on deceptive practices involving fake reviews, undisclosed paid endorsements, and review suppression. Understanding the...
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The Solopreneur's Dilemma: When to Level Up from Sole Proprietor to California S Corp
August 09, 2024 02:08 pm by LawInc Staff
As a California solopreneur, you’ve poured everything into building your business. But as your business grows, you are probably considering whether it’s time to upgrade from a sole proprietorship to...
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The Reasonable Salary Requirement: Mastering Compensation Rules for S Corp Owners
August 01, 2024 05:08 pm by Zach Javdan
Determining a “reasonable salary” is a key requirement for owners of S corporations looking to stay compliant with IRS rules and avoid costly penalties. But mastering the complex guidelines on...
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One Musk to Rule Them All: The Antitrust & Governance Gauntlet Facing a Unified Elon Empire
July 25, 2024 10:07 am by LawInc Staff
In a recent tweet, TED head Chris Anderson made a bold suggestion to Elon Musk: consolidate all of his various companies (Tesla, SpaceX, Twitter/X, Neuralink, Boring Co.) into a single...
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The Entrepreneur's Blueprint: Setting Up and Running Your California LLC or S-Corp
June 27, 2024 07:06 pm by Zach Javdan
Starting a small business in California as an LLC or S-Corp can offer liability protection and tax advantages, but maneuvering through the formation and management process can be complex. This...
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Celebrity LLC vs. Loan-Out Corporation: The Ultimate Guide
June 22, 2024 09:06 am by Zach Javdan
Celebrities, entertainers, and high-profile individuals often use legal business entities to manage their income, protect their assets, and optimize their tax strategy. Two popular options are the LLC (Limited Liability...
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