Do You Need a Business License (Tax Certificate)?
Due to the widespread budget deficits being experienced by government at all levels, it appears a lot of government entities are diligently going after revenue owed them. San Diego is no exception....
View ArticleCalifornia Budget Plan May Include Provisions For Business
According to a Los Angeles Times article, businesses are the big winner in the California budget that lawmakers hope to vote on soon. There are $1 billion in tax cuts, but as the article points out...
View ArticleFormation and Tax Guides When Starting A New California Business
Have you recently completed an incorporation of your company, or an organization to a limited liability company? Or are you looking to start a new business and want some general guidance on different...
View ArticleTax Differences Between LLC and S Corporations
A frequent question that gets asked is, "what is the difference between a limited liability company (LLC) and an S Corp?" There are some structural and management differences between the two which I...
View ArticleTax Rates Faced By Small Businesses Varies By Form Of Organization
The SBA Office of Advocacy released a report where they examined the effective tax rates faced by small businesses. It found that the effective tax rate faced by small businesses varied by the form of...
View ArticleS-Corporation Election For Your Limited Liabiliy Company (LLC)?
You are probably wondering, why would I want my limited liability company to elect to be treated as an S-Corporation? Wouldn’t I be better off forming an S-Corp right from the beginning? The answer...
View ArticleAre You Using Your Social Security Number As Your Employer Tax ID?
I do not need to warn you about the dangers of identify theft. By now you should have seen, read and heard countless stories about identity theft crime. So what are many business owners doing that is...
View ArticleS Corps prepare to fight tax reforms
Treasury Secretary Timothy Geithner last month suggested that government should reconsider tax rules that allow small businesses to be taxed as pass through entities. The reason that these tax rules...
View ArticleCongress repeals tax rule that would have harmed small businesses
Last year a tax provision was passed that would require all businesses to file a tax form for anyone they did more than $600 worth of business with each year. Yes. That means if your small business...
View ArticleS-Corporations and the low salary-high profit trick
A lot of small business owners seek the services of an incorporation lawyer looking to form an S-corporation. Mainly for two reasons, limiting liability and tax advantages. They don’t know the...
View ArticleOut of State LLCs Treated as “Doing Business” in California
Individuals and entities, including those from outside California, who invest in or do business through an out-of-state limited liability company (“LLC”) may be surprised to find out that they have...
View ArticleDoing Business in California
I get asked all the time, “If I incorporate a business that will be located in California and will be strictly online with no principal office location, do I still have to register to do business in...
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