Deciding how to manage and protect your assets often comes down to choosing the right trust. In California, irrevocable and revocable trusts are the most popular options, each with unique features. Revocable trusts allow you to make changes as needed,…

The Tax Cuts and Jobs Act (TCJA), passed by Congress in 2017, introduced a number of sweeping changes to tax laws, one of the most significant being the substantial increase in the lifetime gift and estate tax exemption. Currently, this…

California’s Proposition 19, which took effect on February 16, 2021, has drastically altered the landscape of real estate inheritance and property transfers within families. For years, California families could pass down homes from parents to children while retaining the same…

To set up a brick-and-mortar storefront in California, you need to take several legal and practical steps that can significantly impact your business’s success. From choosing the right business structure to following local regulations, each decision is vital for getting…

Connelly vs. Internal Revenue Service: A Critical Legal Development for Small Business Owners

Small business owners often rely on buy-sell agreements to ensure the smooth transition of ownership upon the death of a partner. These agreements, commonly funded by life…

Purchasing an existing business in California offers entrepreneurs a unique opportunity to enter the market with established operations, customers, and revenue streams. This path can prove less risky than starting from scratch but requires careful consideration and due diligence. Understanding…

The decision to sell a business in California is one of the most consequential ones an entrepreneur can make. Whether you’re looking to retire, pursue new opportunities, or capitalize on your success, the process of selling a business can be…