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By: Tamara B. Pow, Esq. The next blog in my series on FAQs for LLCs focuses on personal assets. If you form an LLC, are your personal assets protected from liabilities? Simply because you form an LLC (limited liability company) does not mean your...
By: Tamara B. Pow, Esq. As discussed in my last blog, many business owners are looking at forming LLCs as a result of the new tax act. In addition to any potential tax breaks, there are some other advantages to forming a limited liability...
By: Tamara B. Pow, Esq. Just when I thought everything that could be said had been said about limited liability companies, the 2017 Tax Cuts and Jobs Act (“Tax Act”) was enacted and has resulted in a huge increase in meeting requests from business...
ADVERTISING By: Tamara B. Pow, Esq. When I first started practicing law, it was not uncommon to advise a client to form an LLC in another state in order to avoid California franchise taxes. This was especially true if the business did not own...
As we get closer to the end of the year, there are a couple of extremely important tax-related items to remember for anyone who may be getting close to starting a corporation or LLC, preparing to file their Articles of Incorporation, looking to expand...
By: Tamara B. Pow, Esq . A recent California Court of Appeals case ( Curci Investments, LLC v. Baldwin ) means California LLC assets could be at risk for a member’s personal liability. Baldwin borrowed $5.5 million from an investment firm, as a predecessor...
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