She’s Real Fine, My 409 – The Hazards of Casual Deferred Compensation
For many small companies, a typical method of managing cash-flow problems has been for corporate-insider employees to voluntarily defer their salaries until the next big check arrives in the company coffers.
Two Quick Clarifications From the Courts on Tax Issues
The U.S. Supreme Court and the U.S. Tax Court recently issued clarifications on a couple of issues many of your clients will encounter.
The Stuff They Don’t Teach You in Law School – Chapter 17 – Billing
I got religion on this issue. Bills matter. Over and over, in my practice, the highest level of client scrutiny has gone to bills rather substantive legal work – as absurd as that might seem to an attorney who lavishes effort and concentration on lawyerly services and sends bills in a stack each month after a quick proofread. In bills, describe your work carefully yet succinctly, be consistent, and follow through on promises you made to the client when you were initially hired.
The Definition of Accredited Investor Remains a Hot Topic
The current rules establish an individual net worth standard of $1,000,000 (excluding the value of the principal residence) and an alternative annual income standard of $200,000 per year for an individual and $300,000 for a married couple. These figures have gone without adjustment since 1982; it is estimated that over 12,000,000 US individuals are now accredited under these guidelines.
New Nomenclature for the New Year – Social Purpose Corporations
This article originally appeared in the ACBA Business Law Section February 2015 Newsletter. Effective as of 2012, the California legislature amended California corporate law to add two new categories of corporation: the benefit corporation and the flexible purpose corporation. Both of these new designations were intended to allow a corporation to take into account broad […]