California Professional Corporation

One of the most popular business entity for dentist’s in California is the professional corporation.  A  California professional corporation has some attractive advantages over practicing as a sole proprietor or partnership. However, to enjoy these advantages, you must first incorporate as a professional corporation, and then follow annual corporate formalities. What is a California Professional Corporation? A California Professional …

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Estate Palnning for your Digital Assets

With so much of our personal and business lives being conducted online, planning for your digital assets may be the most important planning a person can do. Traditionally, estate planning attorneys and courts have divided property into two categories, real property, and personal property. Estate planning attorneys have developed excellent ways to address the disposition …

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Tips for Annual Business Maintenance in California

Keeping your business in compliance with California law is largely dependent on the type of business entity that you have. Generally speaking, corporations have the most stringent annual business maintenance formalities, while general partnerships and sole proprietors have the least stringent annual maintenance requirements. No matter what type entity you are operating under, keeping up with your legal …

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Protect your Real Property, Part 4: LLC’s & Insurance

The following discussion is the fourth and final in a four-part series dedicated to explaining some of the options available to landlords and business owners when it comes to protecting real property investments. The first discussion in this series addressed the use of a limited-liability company (“LLC”) to protect real property investments (and can be found here), the second addressed the use of a corporation (available here), and the third addressed the use of liability insurance (available here). This final discussion will focus on detailing a balanced approach to protecting real property investments in order to shield them from potential liabilities.

Part 3: Do I need an LLC if I have Insurance?

The following discussion is the third in a four-part series dedicated to explaining some of the options available to landlords and business owners when it comes to protecting real property investments. The first discussion in this series addressed the use of a limited-liability company (“LLC”) to protect real property investments (and can be found here), while the second addressed the use of a corporation (available here). This third discussion will address some benefits of using liability insurance to protect real property investments instead of forming a holding company. 

Protecting Real Property Investments, Part 2: Is Using A Corporation Right For You?

Like an LLC, a corporation also benefits the real property owner by insulating personal assets through the limitation of personal liability. However, in terms of taxation, the corporation typically uses a more complex structure than an LLC and depending on the type of corporation selected, may result in double-taxation. Protecting Real Property with Corporate Liability …

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