A limited liability company (LLC) is a viable option for many aspiring business owners. LLCs offer income tax benefits and allow one person or a group to start a company. They are also a way to help protect entrepreneurs from personal financial risks. Forming an LLC...
Commercial leases can be an excellent option for business owners and executives. Instead of trying to find financing to purchase property and making a permanent commitment to a specific location, they can try the facility out temporarily to see if it is the right...
Estate administration in California is a complex process that follows specific legal requirements. The timeline can vary depending on the size of the estate, the presence of disputes and court schedules. Here is an overview of the typical steps involved and the...
When a trust is used as part of an estate plan, a trustee is needed to make distributions. This is a separate individual from the beneficiary, who will ultimately receive the money. The trustee is in charge of determining when a payout needs to be made but does not...
One major factor when you own or manage a mobile home park is determining what you should charge for lot rent. There are a lot of factors that go into this decision, so you must consider them carefully. The lot rent should be enough to cover that lot’s part of the...
Mobile home parks are a good investment that offer the potential for stable rental income and long-term value growth. However, running a park isn't always smooth sailing, as not all tenants abide by the established rules and regulations. In California, mobile home...
Some trustees only have to fulfill their responsibilities for a specific amount of time. They manage trust assets until they have distributed them according to the instructions of a trustor or oversee personal resources for vulnerable older adults during their golden...
As the CEO of a company that is in a slump, you know that your only option may be to lay off a percentage of the staff. Maybe the business was growing consistently, so you kept expanding the workforce. But due to a recent decline, you need to drop about five or 10% of...
The majority of businesses have shelf lives. Even a business that has been successful for many years may come to an end. Wrapping up a business is not necessarily a failure, but just a sign that it’s time to move on to your next venture. What’s important is that...
Affordable housing is in scarce supply in many urban areas – particularly in California. That’s why Governor Newsom just signed an executive order that aims to lower the startup costs for infill housing projects by cutting through the red tape. The goal of the...
