Blog Archives

Out-of-State Partnership in California

Out-of-State Partnership in California 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 basis that they did not
Posted in Tax Law

Checking for Marijuana DUI

Checking for Marijuana DUI 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” you should know there’s no
Posted in Driving Violations

Real Estate Withholding Credit for Pass-Through Entities

Real Estate Withholding Credit for Pass-Through Entities 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 withholding credit. A pass through
Posted in Real Estate

Counterfeit Merchandise

Counterfeit Merchandise 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, so counterfitters provide a market
Posted in Fraud

Why is Insider Trading Illegal?

Why is Insider Trading Illegal? 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 is accused of trading these
Posted in Business Law

Methods to Avoid Fraud in Small Business

Methods to Avoid Fraud in Small Business 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 network. Here are some tips
Posted in Fraud

Limitations of Alcohol Sales in CA

Limitations of Alcohol Sales in CA 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 clear for merchants or business
Posted in Criminal Defense

Petty Theft and Grand Theft

Petty Theft and Grand Theft Petty Theft and Grand Theft Theft is defined as the unlawful taking of somebody else’s property without their permission. In California, theft is divided into two degrees based on the value of the stolen property, type of property, and the
Posted in Criminal Defense

Tax Obligations of Out-of-state Corporations Doing Business in California

Tax Obligations of Out-of-state Corporations Doing Business in California Tax Obligations of Out-of-state Corporations Doing Business in California To conduct business in California, a “foreign” corporation (one incorporated in another state) must register with the state of California, file CA tax returns, and pay CA taxes. The California Tax
Posted in Corporate Law

Administrative Dissolution of Corporations in California

Administrative Dissolution of Corporations in California Administrative Dissolution of Corporations in California Beginning in 2019, California corporations may be administratively dissolved by the Franchise Tax Board (“FTB”) if the FTB has suspended the corporation’s corporate powers for 60 consecutive months. Before the corporation can be administratively
Posted in Corporate Law