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Should You Form More Than One LLC for Your Business?

by | September 16, 2024 | Asset Protection, Blog, Business Succession, Buying or Selling a Closely Held Business, Creditors & Predators, Entity Formation, Estate Planning, Fortune, Income Tax, Limitation of Liability, Operation & Governance, Regulatory Compliance, Tax Planning, Venture Protection | 0 Comments

There is no law that limits the number of LLCs an entrepreneur can own. Forming multiple LLCs may make sense under certain circumstances: for example, companies that have several rental properties, separate businesses with common ownership, or when one business makes...
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What to Do If Your Business Is in Distress

by | September 13, 2024 | Blog, Business Succession, Buying or Selling a Closely Held Business, Creditors & Predators, Estate Planning, Fortune, Income Tax, Limitation of Liability, Operation & Governance, Tax Planning, Venture Protection | 0 Comments

Increasing costs and rising interest rates have impacted many businesses. If your business is in crisis, there are steps you can take that could improve your business’s financial condition and help it successfully move forward. Entrepreneurs are competent, but they...
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What You Need to Know about Equipment Leases

by | September 12, 2024 | Asset Protection, Blog, Creditors & Predators, Entity Formation, Estate Planning, Fortune, Limitation of Liability, Operation & Governance, Tax Planning, Venture Protection | 0 Comments

Equipment leasing is an alternative to purchasing new equipment. Amid volatile interest rates and inflated equipment costs, more businesses are turning to leases as they look for ways to preserve cash while acquiring the equipment they need to operate. Equipment...
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Can You Draft Your Own Contracts Using AI?

by | September 11, 2024 | Blog, Fortune, Limitation of Liability, Operation & Governance, Tax Planning, Venture Protection | 0 Comments

Written contracts are the backbone of business relationships. They outline the rights, obligations, and expectations between parties and provide a legal framework that ensures parties keep their promises. Absent written contracts, business relationships are less...
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What Is an LLC Distribution?

by | September 10, 2024 | Asset Protection, Blog, Business Succession, Creditors & Predators, Estate Admin, Estate Planning, Fortune, Income Tax, Operation & Governance, Tax Planning, Trust Admin, Venture Protection | 0 Comments

A distribution from a limited liability company (LLC) is a payment of cash or property made by an LLC to the LLC’s owners, also known as members. Although state law sets forth certain default rules, LLC members can specify in the LLC’s operating agreement when and how...
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Ninth Circus Panel Suddenly Bans Licensed Carry, Agrees Much of California is a Sensitive Place

by | September 7, 2024 | Blog, Defensive Gun Use, Dying Embarrassed, Estate Planning, Family Protection, Firearm Legacy, Firearm Training, GunLaw.Pro, Health Planning, Honor, Life | 0 Comments

The Ninth Circuit panel in the May and Carralero ("May v Bonta") sensitive places cases yesterday issued its opinion, written by Judge Graber (i promise to refrain from adding another b to her name), which, if not soon corrected by en banc ruling (either on motion, or...
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The Fatted Calf Trust

by | September 1, 2024 | Asset Protection, Blog, Bloodline Protection, Creditors & Predators, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Fortune, Honor, Life, News & Commentary, Punishment, Religious Faith, Spendthrift Children | 0 Comments

I've written several times lately on disinheritance and more benign alternatives to disinheritance. There is definitely a trend afoot toward greater disinheritance. I've noticed this trend in comments from colleagues on our estate planning attorney online forums. I've...
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No CRPA, AB 262 is Alive, Engrossed and Enrolled!

by | September 1, 2024 | Blog, Firearm Legacy, Firearm Training, GunLaw.Pro, Honor, Life, News & Commentary | 0 Comments

AB 262 is an innocuous sounding bill providing for the study of safety regulations relating to children's camps. Yet given California's recent history of attacking gun culture, we can expect this bill to result in curtailment of firearm training options for children...
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Massachusetts Supreme Court: Switchblade Carry Ban Violates 2A

by | September 1, 2024 | Blog, Firearm Legacy, GunLaw.Pro, Honor, Life, News & Commentary | 0 Comments

The Massachusetts Supreme Court in Commonwealth v Canjura has struck down a ban on switchblade carry as violating the Second Amendment. Following Bruen analysis, the Court could not find any historical analogues from the time of the Founding, or ratification of the...
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Ninth Circuit Blocks California’s “1-in-30” Gun Purchase Ban

by | September 1, 2024 | Blog, Firearm Legacy, GunLaw.Pro, Honor, Life, News & Commentary | 0 Comments

The Ninth Circuit in Nguyen v Bonta has reversed its stay on a preliminary injunction against California's "1-in-30" ban on purchasing more than one firearm in a thirty day period. After only one day of oral arguments, it was clear the State could offer no historical...
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