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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...
THE ALTER EGO DOCTRINE: PIERCING THE VEIL IN CALIFORNIA

THE ALTER EGO DOCTRINE: PIERCING THE VEIL IN CALIFORNIA

by Evan Ferini | Dec 1, 2022 | Business

The most fundamental benefit of limited liability entities is that their owners are rarely held liable for the entity’s actions. In other words, owners of limited liability entities are not personally liable for their company’s debts and obligations. The most common...
The Benefits Of Asset Purchases For Buyers & California Bulk Sales Law: When and How Buyers Can Eliminate Successor Liability

The Benefits Of Asset Purchases For Buyers & California Bulk Sales Law: When and How Buyers Can Eliminate Successor Liability

by Evan Ferini | May 16, 2022 | Business

This article is to assist prospective business buyers by increasing their overall understanding of the advantages of asset purchases as opposed to stock or LLC membership interest purchases, and to explain the basics of California Bulk Sales law and its importance....

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