Call 805.934.4600

  • About
    • Firm Overview
    • Community Involvement
    • Careers
  • Attorneys
    • Alex Simas
    • Christian Salgado
    • Evan Ferini
    • Diana Alcala
    • Kelly Stone
    • Timothy Nguyen
    • Jazmine Killian
    • Sara Ferini
    • Roxanna Vazquez-Calderon
    • Yasameen Mohajer
  • Practice Areas
    • Business & Real Estate
    • Estate Planning, Trusts & Probate
    • Civil Litigation
    • Public Entity
    • Employment Law
    • Agriculture Law
  • News
  • Contact Us
  • 2550 Professional Parkway, Santa Maria, CA 93455
PRESERVING S CORPORATION STATUS ACROSS MULTIPLE GENERATIONS: UNDERSTANDING IRC § 1361(c)(1) FAMILY AGGREGATION RULES

PRESERVING S CORPORATION STATUS ACROSS MULTIPLE GENERATIONS: UNDERSTANDING IRC § 1361(c)(1) FAMILY AGGREGATION RULES

by Evan Ferini | Jun 1, 2026 | Business

For many family-owned businesses in California, electing S corporation status is one of the most important tax decisions they can make. An S corporation allows profits to pass through directly to the shareholders and be taxed only once at the individual level,...
TENANCY IN COMMON AGREEMENTS – 1031 EXCHANGE FLEXIBILITY FOR REAL ESTATE CO-OWNERS

TENANCY IN COMMON AGREEMENTS – 1031 EXCHANGE FLEXIBILITY FOR REAL ESTATE CO-OWNERS

by Evan Ferini | Dec 1, 2025 | Business

Many real estate investors choose to own rental property together with partners, family members, or friends, and the way they hold title can make a critical difference in their ability to complete a tax-deferred 1031 exchange when the property is eventually sold. For...
TRANSFERS OF OWNERSHIP INTERESTS IN CALIFORNIA LEGAL ENTITIES: UNDERSTANDING PROPERTY TAX REAPPRAISAL RULES

TRANSFERS OF OWNERSHIP INTERESTS IN CALIFORNIA LEGAL ENTITIES: UNDERSTANDING PROPERTY TAX REAPPRAISAL RULES

by Evan Ferini | Jun 1, 2025 | Business

In California, the transfer of ownership interests in legal entities, such as corporate stock, partnership interests, or limited liability company (“LLC”) membership interests, for entities that own real property can lead to a reassessment of the property’s value for...
UNDERSTANDING PRIVATE BENEFIT UNDER IRC 501(C)(3):  WHAT NONPROFITS NEED TO KNOW

UNDERSTANDING PRIVATE BENEFIT UNDER IRC 501(C)(3): WHAT NONPROFITS NEED TO KNOW

by Evan Ferini | Dec 1, 2024 | Business

When it comes to obtaining and maintaining tax-exempt status under the Internal Revenue Code (“IRC”) 501(c)(3), organizations face a complex set of rules. One of the most critical yet often misunderstood requirements is the prohibition against serving “private...
THE CORPORATE TRANSPARENCY ACT: A Comprehensive Guide for Compliance

THE CORPORATE TRANSPARENCY ACT: A Comprehensive Guide for Compliance

by Evan Ferini | Jun 1, 2024 | Business

To prevent illicit actors from using shell companies to facilitate illicit activities such as money laundering, financing terrorism, human and drug trafficking, and securities fraud, the U.S. Congress imposed new requirements under the Corporate Transparency Act...
« Older Entries

Categories

  • Agriculture Law (1)
  • Business (9)
  • Employment Law (7)
  • Estate Planning (35)
  • Landlord Tenant Law (7)
  • Real Estate Law (3)

Read News by Author

    • Christian Salgado
    • Evan Ferini
    • Diana Alcala
    • Kelly Stone
    • Timothy Nguyen
    • Saea

 

Archives

Phone 805.934.4600
Fax 805.707.1184

2550 Professional Parkway
Santa Maria, CA 93455
Hours 8:00 am – 5:00 pm M-F

Attorneys

  • Alex Simas
  • Christian Salgado
  • Evan Ferini
  • Diana Alcala
  • Kelly Stone
  • Timothy Nguyen
  • Jazmine Killian
  • Sara Ferini
  • Roxanna Vazquez-Calderon
  • Yasameen Mohajer

Practice Areas

  • Business & Real Estate
  • Estate Planning, Trusts & Probate
  • Civil Litigation
  • Public Entity
  • Employment Law
  • Agriculture Law

Other Links

  • Firm Overview
  • Community Involvement
  • Careers
  • News
  • Make A Payment
  • Contact Us

Kirk & Simas, PLC | 2550 Professional Parkway, Santa Maria, CA 93455 | 805.934.4600 | Site Map | Privacy Policy