Business
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RECENT ARTICLES
How Your Corporation or LLC Can Send You to Prison
December 02, 2023 05:12 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...
DIY Incorporation: 8 Critical Mistakes
November 30, 2023 02:11 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...
Maneater: How Lack of Deal Structure Chewed Up Hall & Oates
November 28, 2023 01:11 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....
How LLC Owners Get Paid: Salaries, Distributions and Combinations
November 24, 2023 01:11 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 Weight Unlocks Major Tax Savings
November 22, 2023 05:11 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...
Start an LLC in California: Top 10 Benefits
November 20, 2023 04:11 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...
What is California's LLC Gross Receipt Tax?
November 16, 2023 01:11 pm by Zach Javdan
California levies an annual gross receipts tax on LLCs operating in the state based on their total gross receipts. This tax is in addition to the $800 minimum franchise tax....
7 California LLC Formation Advantages
November 03, 2023 01:11 pm by LawInc Staff
California LLC formation offers various critical benefits to individuals looking to start a California business or invest in California real estate. Consider the following if you are considering a new California...
Real Estate Revolution: Billion-Dollar Verdict Shakes Up Commission Structure
October 31, 2023 02:10 pm by LawInc Staff
The Big Verdict A jury’s recent decision could dramatically alter the landscape of real estate commissions, impacting how we buy and sell homes. In the case of Burnett et al v....
Navigating S Corporations in California 2024: Why You Need Expert Guidance
October 11, 2023 04:10 pm by LawInc Staff
S Corporations have long been a popular choice for business owners in California, offering a blend of tax benefits and liability protection. As we move into 2024, the rules and...