LLC Operating Agreements Will Save You

Business partners, seeking to make their fortunes, form their LLCs at a moment when they expect to work together indefinitely, with good will between them and nothing but cooperation as their modus operandi. At this time in a business partnership, the idea of distrusting their business partner and needing to dissolve the LLC is furthest […]

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California Approves COVID-19 Sick Pay for Employees

AB 84/SB 114 – COVID-19 Supplemental Paid Sick Leave (SPSL) California lawmakers passed legislation to reinstate COVID-19 Supplemental Paid Sick Leave, providing most California employees with up to two weeks of sick pay if an employee or family member tests positive for COVID-19. “As the Omicron surge intensified, workers screamed from the rooftops about the […]

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Ventura County Mask Mandate – Update

Updated October 19, 2021 The Ventura County Public Health Officer has extended its indoor mandatory mask mandate, for both the vaccinated and unvaccinated. County officials are concerned about the increased transmission of COVID-19, specifically among the unvaccinated. The mandate requires all persons to wear a face covering indoors, including the workplace. Masks must also be […]

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Estate Planning Tax Law Changes – Be Prepared!

None of us can predict what will happen in D.C., but we can take steps now to prepare for changes coming in the near future. As we write this commentary, Congress and the White House are negotiating over proposed legislation which, if enacted in its current form, would significantly change tax laws that impact estate […]

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Don’t Miss Out on New State Income Tax Deduction for your Federal Tax Returns!

To Qualify, Single Member LLCs and sole-proprietorship would have to become S-corporations or Partnerships for Tax Filing Purposes. Since the Tax Cut and Jobs Act was passed, there’s been a $10,000 cap on the state and local/property tax deduction on individual federal income tax returns.However, California now offers workarounds, allowing some pass-through business owners to […]

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