New employment laws swept the Golden State beginning on New Year’s Day 2021, ranging from minimum wage requirements to COVID-19 workplace policies, leaves of absence, worker classification issues, and more.
Involved in a business partnership in California and things have suddenly begun to unravel? The venture may be facing financial challenges, the partners may disagree with one another about ongoing or future business operations, or one partner may simply want to move on for personal reasons.
Federal estate tax often amounts to double taxation, which puts an unfair burden on family-owned businesses and farms. Fortunately, creating a family limited partnership serves as a powerful estate planning tool that enables the transfer of business ownership from one generation to the next in a smooth and tax-efficient way.
Succession planning should be an integral part of your business. Many business owners have the vision to build and run a successful company. However, they fail to take adequate measures to secure the company's future after their death or incapacitation.