In order to maintain the protections that forming a corporation or limited liability company (LLC) provide, all corporate formalities must be followed. A failure to follow these requirements can result in the loss of the right to operate, the loss of limited liability protection, and the inability to pursue or defend a lawsuit.
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As we approach the end of the year, C-corporations should think about shifting income and deductions between 2015 and 2016. Usually, C-corporations can benefit from a tax perspective by deferring and accelerating income and deductions. The following briefly discusses some situations in which acceleration and deferral arise.
Corporations with taxable income of between …
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It is the dream of many a tax advisor to obtain for a client indefinite deferral—a state where income is built up, but the tax burden on that income is never recognized. Many sophisticated international tax structures try to create such deferral for U.S. tax purposes. The very best of these structures also create deferral …
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For California business owners, understanding the implications and requirements of the Unruh Civil Rights Act (Unruh Act) is critically important. It provides protection for people and requires businesses to treat all individuals equally. Violations of the Unruh Act can have significant consequences for businesses.
Equality and Protection
The Unruh Act makes it illegal for business …
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