Generating steady rental income via your new real estate venture sure sounds appealing, But before visions of carefree cash flow flood your mind, we need to have a quick conversation about properly structuring your rental business. Owning investment property that tenants lease/rent from you creates legal and tax implications that you don’t have to worry […]
Forming a Professional Corporation in California: What to Know
So you’re a licensed professional in California—maybe an accountant, architect, therapist, or attorney—considering forming your own professional corporation. Smart move! Professional corporations come with appealing perks like liability protection and tax savings that regular corporations don’t offer. But you also take on additional regulations and paperwork. Before jumping in, let’s walk through what’s involved so […]
Keeping It in the Family: Business Succession Planning for Continuity
Keeping It in the Family: Business Succession Planning for Continuity Few legacies run as deeply or widely as family enterprises passed through generations. The business dynasties of Fords, Waltons, and Kochs dominate both headlines and communities. Yet for every storied dynasty lies a multitude of modest firms dissolved unceremoniously after founders step aside. One day […]