Under California law, local governments are allowed to levy property taxes on real estate assets such as land, buildings, and other structures. Local officials use various factors, such as the size and condition of the property, its location, and its current market value, to assess the property’s value. They then base the property tax on this assessed value. You can challenge that assessment, as discussed in this post
business structure
What You Need to Know About Business Law
Business law is the body of law that controls the rights, relations, obligations, and conduct of individuals and entities engaged in commercial activities, including corporations, partnerships, and sole proprietorships. The primary function of business law is to specify rules and regulations that protect the interests of the parties involved in business transactions, including customers, employees, suppliers, shareholders, and other owners.
5 Things to Know When Real Estate Partnerships Go Awry
Real estate partnerships are no different from any business partnership in that things can go wrong for a variety of reasons. These reasons can include poor communication, misaligned objectives, financial difficulties, and changes in circumstances. Open communication can solve many problems, but if it is determined that the situation requires significant action, an in-person meeting focused on key issues may help to find a resolution. If things are past that point, action may need to include a partnership dissolution. This blog contains some things to consider.
Read more5 Things to Know When Real Estate Partnerships Go Awry
What to Know About Asset Protection Trusts
The goal of an asset protection trust is to protect your assets from creditors and lawsuits. A trustee (your choice of associates in your circle or yourself) will manage the assets for the benefit of the trust’s beneficiaries. The manager is under a special fiduciary duty and must account for all spending decisions. They must operate without conflicts.
The Difference Between a Proprietorship, Partnership, Professional Corporation & Incorporation
When starting a business, it’s important to understand the differences between the various business structures and organizations. Deciding which business structure works best for you will depend on a variety of factors– and having an experienced attorney to help guide you through the process is essential. In this post, we’ll look at the differences between incorporation, partnership, proprietorship, and professional corporation, and explain why knowing which works best for you is so important.