C-Corporation vs. S-Corporation: Which Structure Provides the Best Tax Advantages for Your Business?

A C-corporation and an S-corporation are taxed in very different ways, and neither is universally “better” for every California business. C-corporations pay corporate income tax but offer flexibility for reinvesting profits and providing benefits, while S-corporations pass income through to owners and may reduce certain employment taxes. It takes a skilled Ventura...

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Buying Out a Partner When There Is No Shareholders’ Agreement in Place

By Roy Schneider, Esq.

Like most relationships, business partnerships frequently experience highs and lows, with periods of both prosperity and turmoil. When ongoing disagreements cannot be resolved, or one partner decides to leave the business, the remaining partner(s) often seeks to buy out the shares of the departing...

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You’ve Planned for Your Business, But Do You Have an Adequate Business

By Roy Schneider, Esq. Much like the blueprints that help a contractor build a house, your business plan is an essential component of your start-up activities, helping you define where you want your company to be within a few years and how you plan to get there. Business plans can vary from simple, one-page documents...
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Are You Bound by the Terms of a Letter of Intent ?

By Roy Schneider, Esq. Complex commercial transactions typically involve a back-and-forth negotiation of numerous terms of the agreement, a process which usually does not occur overnight. Accordingly, parties to a business or real estate purchase or lease transaction often first execute a letter of intent (LOI), which documents the parties’ intent to proceed with the...
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Asset Purchase vs. Share Purchase

Purchasing a Business: Should You Consider Buying Assets or Shares?

When buying a business in California, buyers typically choose between two common methods: purchasing shares or purchasing assets. While share purchases often seem more straightforward, asset purchases can provide distinct advantages, making them a preferred option in...

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Do You Need Meeting Minutes?

Regardless of the size of the business, organization or homeowners association, corporations (including those organized under Subchapter S) must observe all of the required formalities in order to maximize the benefits of a corporation. Corporate meeting minutes document the decisions made by the company’s board of directors, and are necessary to preserve the "corporate...
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