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February 2020 On September 18, 2019 Governor Newsom signed AB-5, codifying the now-infamous Dynamex decision as law. This new law radically changes the legal test for who is an employee (rather than an independent contractor) under California law. While the law has gotten a lot of press in the context of the so-called “gig” [...]
October 2019 If you plan on purchasing a California business, you should be aware of California’s Bulk Sales Law. The law is designed to protect a business’ creditors and prevent a situation where a seller walks away with the sale proceeds, leaving creditors unpaid. Generally, a buyer would not be liable for a seller’s debts [...]
Dallas Verhagen, Of Counsel Dallas Verhagen is an attorney at Fauver, Large, Archbald & Spray, LLP with a practice focused on transactional business matters. Dallas represents startups and small and large businesses in various industries, including tech, retail, manufacturing, transportation, professional services, marketing and media management, cosmetics, cannabis, food and beverage, and [...]
June, 2019 When starting a business, it’s easy for owners to make legal mistakes that can prove costly down the road. Avoiding these missteps will keep your new venture on the path to prosperity. Over-complicating the Formation. Don’t try to structure your business to accommodate every future contingency. Instead, design the business to address [...]
May 2019 Perhaps you’ve invested in an apartment building as a source of retirement income. Maybe you inherited a second home from a relative, and are debating whether renting the property is worth the trouble. No matter the size of your property, or the specifics of your goals or circumstances, the most important thing [...]
We incorporate website accessibility standards into the design and maintenance of our website to ensure accessibility for all people regardless of ability or method of access. What we’re doing about web accessibility: To help us make our website a positive place for everyone, we've been using the Web Content Accessibility Guidelines (WCAG) 2.0 from the World [...]
Business activities, no matter how small, come with risk as well as tax liabilities, both of which can be reduced by operating through a legal entity --- a limited liability company or corporation. The Federal corporate tax rate for C Corporations[1] has plunged, down to 21%; a 20% qualified business income deduction applies to limited [...]
Nobody wants to be involved in litigation. If you are reading this, chances are you have taken an active role in protecting your business from needless lawsuits by scrupulously following the law, treating your employees as the valuable assets they are, and working with talented tax and legal professionals to ensure you are thoroughly protected [...]
Frustrated by disapproval of a conventional bank loan? Annoyed by the lack of creative financing options for your commercial real estate investments? Real estate developers and investors should consider the benefits gained from alternate real estate financing options before pursing their next development. While traditional mortgages remain the most common financing option for commercial real [...]
Three months after the devastating Thomas Fire and Montecito mudslides, we continue to see questions regarding disaster recovery, especially from business owners. Last month’s Advisor covered insurance issues; this month, I want to focus on other strategies for weathering the aftermath of what has been a tough six months for our community. While insurance is [...]