Could Your LLC Save on Taxes by Converting to an S Corp?

As an LLC owner, one of the things that you should think about is whether the business should remain an LLC, or whether your business would benefit from changing its corporate structure to something else, such as an S Corp. If you’re thinking of the disadvantages and advantages of changing the corporate structure of your [...]

Is an Officer of a Corporation An Employee?

► Business & Startups FAQs | Knowledge Base One of the top questions we get in the area of corporate governance is whether an officer of a corporation is an employee. Such a common question should have a very easy answer, right? So why is it so hard to get a straight answer on this? The [...]

Tips from Tesla’s Elon Musk: Should You Test How Useful Your Employees Are to Your Business?

Credit: Wikipedia In a biography of Elon Musk written back in 2015, there is a story about how Musk stopped working with his longtime executive assistant. Apparently,  after she asked for a raise, he responded by testing whether she was truly useful to him or not. According to the biography, Musk's assistant Mary [...]

Top Tax Savings Tips When Paying Yourself as a Business Owner

How Should You be Paying Yourself as a Business Owner to Reduce Your and Your Business's Overall Tax Obligations? Our Guide Breaks Down the Details  Probably the most frequent question that small business owners ask their lawyers and accountants is “how should I be paying myself as a business owner” in a way that will allow [...]

Does your Company Need to Obtain Foreign Qualification To Do Business in California?

Ken Lund / Foter.com / CC BY-SA Many business owners form new business entities in states like Delaware or Nevada thinking that they will save taxes or fees by incorporating those states, even though they are doing business in California. The reality is that if a business is “doing business”  in California, such [...]

Steps to Dissolve Corporation in California

Dissolving a Corporation in California does not have to be a painful process. To dissolve a corporation, certain steps must be followed so that the Corporation is authorized to dissolve, and once those steps have been met, the Corporation is generally permitted to file the necessary forms with the California Secretary of State which processes [...]

California Corporation Dissolution Resolution

If you are thinking of dissolving your California corporation, you will need resolutions authorizing the dissolution so that it is a valid transaction under your corporation's Articles of Incorporation as well as its Bylaws. A corporate resolution is generally necessary before the corporation is authorized to file the necessary forms with the California Secretary of [...]

California Corporation Dissolution Checklist

Businesses dissolve for a variety of reasons. Sometimes, the business is about to be merged or consolidated with another entity. Other times, the owners of the business are moving on to other activities and maintaining the business on a going forward basis is no longer feasible. If you are a California business owner who is [...]

Can a Company Have Two Presidents?

One of the top questions we get from new business owners or established businesses making changes in management structure is whether a company can have two presidents. Although there is nothing technically barring a company from sharing the responsibilities of president between two people, there are legal and practical reasons why this is not always [...]

Can a California Corporation Do Business in Nevada to Save on Taxes or Fees?

Owners of a California corporation may wonder from time to time wonder whether it would be cheaper or save money on taxes or fees by doing business in Nevada instead of California. These days it seems easy to do business in any state or country in the world, but there are steps to take if you [...]

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