Tredway, Lumsdaine and Doyle LLP

The Importance of Bylaws

Submitted by Brooke Pollard on August 10, 2009

If you have started a corporation in California by filing the Articles of Incorporation with the California Secretary of State, you have only completed the first step in forming a California corporation. Cal. Corporations Code section 211 requires each California corporation to adopt corporate bylaws. Most corporations have adopted form bylaws which all seem to say the same thing, and everyone seems to believe that they are necessary but not relevant. THEY ARE WRONG! The bylaws of a Corporation set forth the ground rules for meetings, inspection rights, board of director indemnification, number of directors and so forth and so on.

Closely Held Businesses in Troubled Times

Submitted by Mark Doyle on July 30, 2009

This timely article from Trust and Estates should be of interest to any closely held business owner. Should you have any question don’t hesitate to contact me, Mark Doyle.

The top 10 things owners should be considering now

Large public companies have the luxury of in-house staff and large outside consulting, accounting and law firms. During this economic downturn, they’ve gotten loads of expensive, expert advice on how to manage risk and take advantage of opportunities to gain a competitive edge when the recovery inevitably arrives.

Closely held business owners are more alone and—busy putting out fires to stay solvent—can lose perspective.

So attention advisors! Help your smaller business-owning clients grab hold of the big picture. Walk them through this list of the top 10 things that closely held business owners should consider in these turbulent economic times:

Tax Treatment of Employment Judgments

Submitted by Mark Doyle on July 20, 2009

I frequently receive questions regarding the tax treatment of employment damage awards. At Tredway, Lumsdaine & Doyle, LLP we are ready to handle both the questions posed by employers as to how best to resolve disputes with current and past employees as well as advise these employers on the tax consequences of the actions they take. We stay current on both employment law issues and business tax issues to thoroughly advise our clients.