Estate planning in the digital age- What Should You Be Considering?

This is a discussion of some considerations in designating administrators for social media and other online accounts in the event of death. We will highlight how these can be managed going forward in the digital age. As we live in a digital age, your estate plan should be updated accordingly. The Digital Age and Digital …

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Self-Employment Taxes: How Can Forming An S-Corporation Help You?

The following is a discussion of how organizing your business as an S-Corporation can help to reduce your company’s self-employment tax obligations. For individuals who are self-employed, there is an opportunity to reduce self-employment taxes through the use of an S-Corporation, be it Social Security-related taxes or those related to Medicare (known collectively as “self-employment …

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How Do I Explain My Estate Plan To My Family? Why Is It Important?

This is a discussion of some components to be considered in formulating an Estate Plan as well as some considerations to be taken into account when discussing your Estate Plan with your family members. Further, this article proposes some ways in which it can be beneficial to involve your Estate Planning attorney in this process. …

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Annual Corporate Compliance & Housekeeping

The following is a discussion of some annual corporate compliance considerations for officers and directors of California Corporations, with a focus on reporting requirements, franchise taxes, and internal corporate agreements. California Corporate Compliance Requirements In California, corporations have a series of annual requirements that they must fulfill with the California Secretary of State, the governing …

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Selling Your Dental Practice Confidentially: How to do it?

The following is a discussion of the issues surrounding the sale of a dental (or medical) practice and how it can be beneficial to maintain confidentiality during the transaction, as well as some suggestions about how to sell your dental practice confidentially. Typically, a dentist or physician will want to sell their medical or dental …

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Piercing The Corporate Veil, Part 2: Why Does It Happen?

This is the second in a two-part series focusing on the legal concept of the “Corporate Veil,” with this second part addressing situations when a court of law will “pierce” the corporate veil. The first part in the series defined the corporate veil and explained how it serves to protect the shareholders’ personal assets.