by Michael Kushner | Apr 1, 2024 | Business
OVERVIEW On January 1, 2024, Congress’ Corporate Transparency Act (“CTA”) went into effect. According to Congress, the purpose of the CTA is to combat financial crimes like money laundering and tax fraud by enhancing transparency in the ownership structures of U.S....
by Michael Kushner | Oct 18, 2023 | Business
OVERVIEW Starting a limited liability company (“LLC”) in California is a popular choice for entrepreneurs who want the liability protection of a corporation combined with the tax efficiencies and operational flexibility of a partnership. In California, LLCs come in...
by Michael Kushner | Sep 6, 2023 | Business, Litigation
On September 5, 2023, a Long Beach jury ordered Ken Allen Lamphear, a seasoned real estate investor from Los Angeles County, to pay $3 million in punitive damages for elder abuse and fraud against Suzanne “Susie” Yorgason, an 80-year-old Long Beach...
by Michael Kushner | Feb 20, 2023 | Business
OVERVIEW In 2018, the State of California passed a sweeping consumer privacy protection law called the California Consumer Privacy Act of 2018 (“CCPA”). Then, in November of 2020, voters in California passed Proposition 24—the California Privacy Rights Act (“CPRA”),...
by Michael Kushner | Jan 31, 2023 | Business
OVERVIEW Given how important the issue of phantom income is to anyone who owns shares in a corporation (or a membership interest in an LLC), one would expect most business owners to at least be familiar with the concept. Surprisingly, that isn’t the case. In fact, the...
by Michael Kushner | May 10, 2022 | Business, Franchising
OVERVIEW While a lot of people are familiar with the words “franchise,” “franchisor,” and “franchisee,” more often than not, if you asked them to explain the difference between those three terms, they’d have trouble doing so. For most people, when they hear the word...
