by Sara Ferini | Sep 1, 2026 | Business, Estate Planning
You started a business and formed an entity, like a partnership, an LLC, or a corporation, to protect yourself from certain types of liability exposure related to your business endeavors—great! However, you might not have thought about the benefits of going one step...
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,...
by Kelly Stone | Mar 1, 2026 | Business
How is Spousal Consent Relevant? You may not be aware that marriage creates certain rights of a spouse or domestic partner in community property. Community property is defined in various subject areas of the California statues. California Probate Code § 3002 states:...
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...
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...
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...
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