Failure to File Tax Returns If a corporation or LLC fails to file their tax returns, pay their taxes, or pay any fees and interest their rights, powers, and privileges could be suspended. An LLC…
Annual Report to Secretary of State An annual Report of information must be filed by each and every California LLC and Corporation to the California Secretary of State. An annual LLC statement includes: The business…
Out-of-State Partnership in California The company LCP VII Holdings LP was a foreign partnership with holdings in entities both in the United States and abroad. The company had California-source income from pass-through entities. On the…
Checking for Marijuana DUI When being pulled over for a Marijuana “DUI”, there are no established tells of impairment as there are with an alcohol DUI. If you get pulled over for a “Marijuana DUI”…
Real Estate Withholding Credit for Pass-Through Entities According to the California Franchise Tax Board (FTB) Business entities that pass through any income, credits or deductions to an owner additionally have to pass the real estate…
Counterfeit Merchandise In a capitalist society, material goods are highly coveted. Some are more valuable than others, including designer goods like watches, bags, and other fashion accessories. Some may not have access to designer items,…
Why is Insider Trading Illegal? The US Securities and Exchange Commission (the SEC) defines an “Insider” of a company as any officer, director, or employee with significant knowledge that is confidential. So when an Insider…
Methods to Avoid Fraud in Small Business We are all aware of the dangers of being a victim of fraud. Even moreso, a small business may suffer insurmountable damage from someone committing fraud within their…
Limitations of Alcohol Sales in CA For consumers it is fairly cut and dry when you can purchase alcohol, when you are at least the age of 21. But the rules may not be so…
