Sole Proprietorship In a sole proprietorship, all management and control rests in the proprietor-owner. The owner has the final responsibility for the decisions in the business, although he or she may delegate authority to employees. General Partnership In a general…
Those of us who live in Southern California know that our region is home to an innumerable number of condominium developments. Over time, water intrusion is becoming a more common problem experienced by many condominium owners and their homeowner associations.…
I never met Judge Douglas W. Daily. I probably would never have been aware of him had I not been flipping through the June 9, 2009 edition of The Daily Journal, a journal that has long served the Los Angeles…
I am often asked by clients what are the differences between corporations and limited liability companies in California. As you might imagine, the differences are too numerous to cover in one short newsletter article. That said, among the characteristics that…
Non-competition provisions and their implications have long been misunderstood by both lawyers and non-lawyers alike for many years. I want to say right off the top, that with few exceptions, non-compete provisions and non-compete agreements are not enforceable in California.…
There is a saying that goes something like: "it's not the size of the dog in the fight that counts, but the size of the fight in the dog." Keeping this saying in mind, I would like to talk to…
I fall asleep late. I am not an insomniac thank goodness, but I do fall asleep late. Late enough to see the television commercials from all those outfits that promise me that if I just call the number on my…
One of the most important concerns for an investor is his or her personal liability for debts incurred by the business enterprise. The investor usually realizes that losses sustained by the business may wipe out the amount invested; the concern…
The IRS rules and regulations concerning the taxation of foreign currency transactions are very complex. However, where the taxpayer is an individual, as well as for many partnerships, corporations and limited liability companies, the basic rules are as follows: 1.…
What is a "Confirming Letter?" As you might guess, it is a WRITING that confirms some point or agreement that you have reached with another party based on a verbal communication. In this day and age, it is most likely…
