Famed fashion designer, Betsey Johnson, recently purchased an approximately 1,500 square foot mobilehome in what some have deemed "America's Most Glamorous Trailer Park." The previous asking price of the mobilehome was just under $1.95 million. Johnson purchased the...
Financing for mobilehomes has received good news after years of difficulty to obtain loans. The Manufactured Housing Institute provided an overview in this article. The good news came from actions taken by the House of Representatives in Washington D.C. to...
A buy-sell agreement is a business contract most commonly entered into by individuals shareholders and the corporation. In simple terms, a buy-sell agreement is primarily used to restrict the transferability of the shareholder's shares of stock in the corporation by...
We all know that certain information regarding nonprofit organizations is public information. If a person requests information such as the nonprofit's tax returns, the organization is required to provide the information in a reasonable time. The IRS has a new program...
HOA Reserves under the Davis-Stirling Act may be impacted by the enactment of Assembly Bill 968, which amends California Civil Code Section 4775. AB 968 changes the responsibility for exclusive use common areas. The current law under the Davis-Stirling Act effective...
Yesterday, Acushnet Holdings Corp., the parent company to major golf brands, Titleist and Footjoy, filed for an Initial Public Offering (IPO). According to some leading research firms, the Acushnet IPO could raise as much as $300 million. Acushnet's Form S-1 didn't...
"My 501(c)(3) nonprofit organization recently received its federal tax exemption. Is the organization also exempt from California state income tax?" First of all, congratulations on obtaining your tax-exempt status as a 501(c)(3) nonprofit organization! As you're...
Entreprenuers and startup businesses in San Diego County should be excited because San Diego Startup Week begins today and runs through Friday, June 17! The week of events "brings together entrepreneurs to share progress, exchange resources, and celebrate the...
Last Thursday, the California Assembly passed AB 1676 (Campos and Gonzalez), which seeks to prohibit businesses and other employers from requesting salary history information from an applicant (or an agent). Further, AB 1676 requires employers, except state and local...
One question we commonly receive from small business clients is, "Why does my single-member limited liability company (LLC) need an operating agreement?" To answer this question, we will briefly take a look at the California Revised Uniform Limited Liability...