Alright, Now Do I Own the Name?
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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…
Tax Consequences in the Sale of a Business
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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….
Revisiting California’s Anti-deficiency Legislation
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Revisiting California’s Anti-deficiency Legislation California’s real estate market has been heading south for a while now, and the journey may not be over. A real estate developer I spoke with…
Limited Liability Companies (LLC’s)
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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…
LLC Operation and Other Post-Formation Matters
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The purpose of this article is to provide information regarding the basic elements of operating a California limited liability company (“LLC”) and the roles of the following: (a) the owners…