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801, 2020

Starting January 2020, You May Need New Documents for Your Business

By |January 8th, 2020|Categories: The Advisor|Comments Off on Starting January 2020, You May Need New Documents for Your Business

November 2019 Nondisclosure and confidentiality agreements can be an essential part of your business. These agreements protect the confidentiality of the trade secrets and important data for your company. They are not just for inventors or companies with secret recipes, though. They are necessary for any business that might be disclosing information that is commercially valuable or that may be required to be protected under state and/or federal law. Starting January 1, 2020, the California Consumer Privacy Act (the “CCPA”) begins. This new law will require consumer information to be kept private and confidential, among other things. As part of this law, [...]

801, 2020

Purchasing a California Business? Watch out for California’s Bulk Sales Law..

By |January 8th, 2020|Categories: The Advisor|Comments Off on Purchasing a California Business? Watch out for California’s Bulk Sales Law..

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 unless otherwise agreed, but some statutes impose successor liability on the buyer.  The bulk sales law is one of them and failure to follow the law’s requirements can leave a buyer stuck with the seller’s debts. Sales Subject to California’s Bulk Sales Law.  The bulk [...]

2309, 2019

PAGA Is Now a Four Letter Word to Employers

By |September 23rd, 2019|Categories: The Advisor|Comments Off on PAGA Is Now a Four Letter Word to Employers

September 2019 “PAGA” is the acronym for California’s fifteen-year-old Private Attorneys General Act. This Act allows an individual, on behalf of himself and other employees, to recover civil penalties for alleged Labor Code violations. It added new civil penalties for all such violations, even if certain Labor Code provisions did not previously authorize civil penalties. PAGA began as a little used remedy in litigation, often just added as a throw-away claim among other more lucrative theories of recovery pursued by plaintiff lawyers.  Unfortunately, recent appellate case law has converted it to the latest tool for extortion by lawyers representing employees. [...]

1007, 2019

FIVE COMMON LEGAL MISTAKES MADE BY STARTUPS

By |July 10th, 2019|Categories: The Advisor|Comments Off on FIVE COMMON LEGAL MISTAKES MADE BY STARTUPS

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 what you expect will work best for you at startup and in the near future.  Too often, entrepreneurs waste precious resources assuming they need to be ready to “go public” before they’ve even begun operations.  Others overcomplicate things based on what they think some theoretical [...]

1007, 2019

Residential Leases – An Owner’s Guide

By |July 10th, 2019|Categories: The Advisor, Uncategorized|Comments Off on Residential Leases – An Owner’s Guide

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 you can do to protect your investment is to codify an agreement with your tenants by means of a well-crafted (and legally enforceable!) written lease.  This is your initial guide: What Is a Residential Lease? A lease is a contract, like any other; albeit one [...]

104, 2019

Simplify Your Estate Planning Trust

By |April 1st, 2019|Categories: Estate and Tax Planning, The Advisor, Uncategorized|Comments Off on Simplify Your Estate Planning Trust

March 2019 The Tax Cuts and Jobs Act of 2017 raised the federal gift and estate tax exemption substantially. The Unified Gift and Estate Tax Exemption is now $11,400,000.00 per person for 2019 (for a total of $22,800,000.00 when combined for a married couple). This means that most revocable trusts accomplished before 2018 are antiquated and should be revised.             Pre-2018 Trust. Trusts before 2018 (1) typically provide for the separation of the initial trust’s assets and liabilities upon the first spouse to pass. Two trusts, sometimes commonly known as A-B trusts or Bypass and [...]

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