201411.15
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Alright, Now Do I Own the Name?

Doing business in California generally involves forming an entity.  (Why? To limit the business’ liabilities to the business’ assets.)  One of the required steps in forming an entity is selecting a name for it.  And whether one does business in an entity or not, one will probably find it advantageous to have a business name….

201410.04
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Tax Consequences in the Sale of a Business

The Bullet Points I. Introduction As one may imagine, the sale of a business entails tax consequences which may be larger than any other single issue faced in the negotiations. It is best to understand these consequences before price negotiations start, so that the price takes account of them. Mistakes made early may be difficult…

201408.08
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Limited Liability Companies (LLC’s)

California has become the forty-sixth state to enact legislation enabling creation of limited liability companies (“LLC’s”). A new star has been added to California’s firmament of business entities and business lawyers are excited about it. Advantages Briefly, an LLC is an entity designed to combine the best features of corporations and partnerships. It has the…

201406.16
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Limited Liability Partnerships

California has adopted legislation permitting California attorneys and accountants to practice as limited liability partnerships. This legislation, effective October 10, 1995, has been relatively unheralded. Yet, it provides important benefits to accountants and attorneys. Limited liability partnerships are domestic general partnerships that elect limited liability status by following procedures described below. Importantly, creating a limited…

201312.02
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Contractor Compliance with Labor Laws

Hiring contractors has always been risky. Effective January 1, 2004, it got riskier. Starting then, if you engage a contractor for construction, farm labor, garment, janitorial or security guard services, you may be liable for damages to that contractor’s employees if you know (or should know) that the contract is not adequate to allow the…