CORPORATE RECORD KEEPING IN THE DIGITAL AGE: THE “VIRTUAL CORPORATION”

The maintenance of legally required documents and records for corporations, limited liability companies ("LLC's) and other business entities in California are extensive. Traditionally, corporate records were kept in a leather bound binder call a "Minute Book" which was supposed to contain a written history of the corporation from inception to the present. Such record [...]

By |2020-03-02T04:38:10+00:00March 1st, 2020|Categories: Articles, Resources|

CORPORATIONS & S CORPORATIONS VS LLCs

Let's assume that you've concluded it would be advantageous to operate your small business through an entity that limits the personal liability of all the owners -- even if following this strategy involves a bit more paperwork, complexity, and possible expense. You have two main choices -- either the tried and true corporation or [...]

By |2018-07-21T01:10:32+00:00July 14th, 2018|Categories: Resources|

ARE YOUR CHILDREN INHERITING REAL PROPERTY? HOW TO AVOID PROP 13 TAX REASSESSMENT

If you own property and want to transfer it to a family member or leave it to one when you die, California’s property tax is something to consider. This article will explain how you can plan for your children to receive California real estate from you without triggering an expensive property tax reassessment. A [...]

By |2018-07-20T13:08:32+00:00July 2nd, 2015|Categories: Resources|

USING S CORPORATIONS FOR REAL ESTATE INVESTMENT

The general rule is, "Never, ever put real estate inside a corporation." But in a handful of special cases, a corporation, more precisely an S corporation, can be a useful tool for savvy real estate investors. Some attorneys and accountants like to say there's the eleventh commandment, "Thou shall not hold real estate inside a [...]

By |2018-07-20T13:11:16+00:00July 2nd, 2015|Categories: Resources|

THE USE OF REVOCABLE LIVING TRUSTS AND LLCs TO HOLD REAL ESTATE

1. Protecting Against Liabilities Generated By the Real Estate. Today, because of concerns over liability protection (and also in order to generate valuation discounts for estate and gift tax transfer purposes), clients will have real estate (other than their personal residence) owned in a legal entity, such as a limited partnership or limited liability [...]

By |2018-07-20T13:13:23+00:00July 2nd, 2015|Categories: Resources|
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