by mark.koo@crederelaw.com | Feb 25, 2021 | 501c3, Business Entities, non-profit, Uncategorized
The word “nonprofits” The term “nonprofit” means different things to many different people. It’s a commonly used word without a common understanding between writer and reader. People often use the words “nonprofit” and “tax exempt” interchangeably....
by consultants@kinggroupbc.com | Jan 24, 2021 | Uncategorized
Keeping Your Account Private Because Microsoft provides account access to the families and representatives of deceased account holders, you will have to plan ahead if you want to keep your account private after your death. Here are some options: Delete the account...
by consultants@kinggroupbc.com | Jan 24, 2021 | Business Entities, Contracts, Uncategorized
Business owners often ask whether they should be incorporating in California (or their home state) or if they are better protected by incorporating in Delaware or some other jurisdiction. Their concerns are often focused on taxes, limitations on personal liability and...
by consultants@kinggroupbc.com | Jan 24, 2021 | Uncategorized
If you’re in California and considering starting a company, you’ve probably heard by now why investors traditionally prefer the Delaware Corporation over a California Corporation. These reasons include, but are not limited to, a well-established legal precedent that...
by consultants@kinggroupbc.com | Jan 23, 2021 | Business Entities, Contracts, Uncategorized
If a legal entity has been “FTB Suspended” with the California Secretary of State it was suspended by the California Franchise Tax Board most likely because the company did not pay its annual franchise tax. There are two potential problems with being FTB Suspended:...
by mark.koo@crederelaw.com | Nov 7, 2020 | Contracts, Uncategorized
What is a Precedent? Precedent is a legal principle, created by a court decision, which provides an authority for judges deciding similar issues later. Decisions of higher courts (such as Appellate Courts & Supreme Counts) are mandatory precedents on lower courts...
