News

Navigating the Corporate Transparency Act: A Guide to CTA Compliance

As of January 1, 2024, the Corporate Transparency Act, or CTA, a Federal Law designed to combat the misuse of anonymous shell companies, mandates that all “Reporting Companies” disclose specific information to the Financial Claims Enforcement Network (FinCEN), a division of the U.S. Treasury Department. Reporting Companies encompass both domestic and foreign corporations, including LLCs... Read more »

Passage of Proposition 19

We are advising our clients and community of the significant ramifications Proposition 19 will have on real property owners in California, and planning opportunities that are available prior to the measure taking effect on February 16, 2021. The passage of Proposition 19 (in November 2020) severely restricts the transferability of real property from parents to... Read more »

Estate Planning in 2020 – August 2020

For a number of reasons described below, we are now in an ideal environment for proactive tax and estate planning. Plans and strategies implemented now can save enormous amounts of taxes now and for future generations. First, each person has a lifetime exemption from federal estate and gift taxes. This exemption protects assets up to... Read more »

Women Business Enterprises

Ladies and . . . ladies. Do you own and run your own business? If so, you may be eligible for certification as a Women-Owned Small Business (“WOSB”) or Women Business Enterprise (“WBE”). Women-Owned Small Business Pursuant to 15 U.S.C. § 637(m), the Federal Government is empowered to restrict competition for any contract for the procurement... Read more »

Forming a Business – Deadlocks, Disputes, and Transfer Restrictions

Forming a business with your business partner is an exciting time and one during which most people avoid thinking about what may go wrong. As exciting as it is, the parties should still take some time to think through the issues that might arise. Here are a few things the parties should consider: 1) Approval... Read more »

Qualified Opportunity Zones and Funds – What’s the Big Deal?

The Tax Cuts and Jobs Act added the concept of “Qualified Opportunity Zones” to the tax code on December 22, 2017. In short, a “Qualified Opportunity Zone” is a low-income community that has been nominated by the state and certified by the US Treasury. The State of California’s Department of Finance has published a list... Read more »