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Starting a professional real estate company in California requires more than just market expertise and strong negotiation skills—it demands careful legal and financial planning. One of the most critical decisions you’ll make is choosing the right business entity, as it impacts liability, taxes, and...
In business partnerships, disputes can arise from various sources—financial disagreements, divergent goals, or unclear role expectations. When conflicts escalate, it may seem like litigation is the only option. However, litigation can be time-consuming, costly, and often brings unwanted publicity that could harm the...
Choosing the right business structure is a pivotal decision for any law firm. Both Professional Corporations (PCs) and Partnerships offer unique advantages and limitations, from liability protection and tax treatment to management style and growth opportunities. This blog, drawing on insights shared by Tamara...
Financial stability is a cornerstone of a successful law firm. However, managing reserves and distributions effectively can be a challenging balance. Without a well-thought-out approach, law firms may face cash flow issues, be unable to reinvest in growth, or even risk financial instability during...
In partnerships, unexpected exits can disrupt a firm’s stability, both financially and operationally. Without proper planning, the departure of a partner can lead to complications in client relations, firm management, and even reputation. This blog, featuring insights from Tamara B. Pow – Founding...
By: Leiann Laiks, Esq. Non-discretionary bonuses play a significant role in employee compensation in California. Here’s what businesses need to know about these bonuses: Definition and Criteria: Promise and Commitment: A bonus is considered non-discretionary if the employer has already committed to it and...
Key Changes in Salary Thresholds and Compliance Requirements for 2025 By: Leiann Laiks, Esq. As part of California’s ongoing adjustments to labor regulations, there are updates to the salary exemption test for certain employee classifications. Here’s what you need to know: Salary Exemption Test...
In law firm partnerships, 50/50 ownership is often attractive for its sense of balance and shared investment. However, equal ownership can bring significant challenges that may hinder growth and heighten the risk of conflict. These partnerships frequently encounter deadlock, strained relationships, and operational inefficiencies—all...
The BOIR requirement has been canceled for domestic businesses FinCEN announced on February 27, 2025, that it will pause enforcement actions and not issue fines or penalties against companies for failing to file or update beneficial ownership information reports (“BOIR”s): FinCEN Not Issuing Fines...
Giving to charities has been a pillar of American philanthropy, supporting communities and causes all around the world. But the IRS now warns of a concerning trend: an increase in scams that use fake charitable contribution schemes to target taxpayers. These frauds harm taxpayers’...
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