Many “do-it-yourself” (DIY) websites have advertised how low their fees are to start an LLC. BEWARE: the use of an experienced attorney in this area may save you thousands of dollars in the long run.
Proposition 13 passed in 1978 and basically states so long as there is not a “change in ownership,” the property tax base on residential and commercial property will not increase beyond 2% per year (known as the Factored Base Year Value).
There was recently an article in the Daily Journal about “Business Divorces.” The main argument in the article was that when a business partnership turns sour, it is as difficult as a divorce to get out. Our firm frequently prepares clients for these situations.
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.
