"Covering Closely Held Small Business Company Governance: Meetings, Minutes and Resolutions, More"
The Internal Revenue Service just released its publication called “Strategic Plan FY 2018 – 2022. You can read their complete publication here. This five-year plan generally outlines their goals for improving services for taxpayers and administration of U.s tax law over the next five years. According to their website, the IRS Strategic Plan for each of […]
This article presented a wonderful analogy of the new partnership tax audit rules. It is so well stated that I thought I had to pass along the entire piece for your review. It is from the mind of Elizabeth Whitman, and it certainly illustrates the current environment for partnerships and the recent developments and changes to […]
Reprinted below for your reference is a “Partnerships & Limited Liability Companies” e-bulletin dated April 26, 2018, for the California Lawyers Association, Business Law Section. This may be of interest to anyone who has partnered up with other individuals on a business venture, then later formally incorporated their business. Also note that in many instances, […]
The IRS recently updated (revised December 2017) its form SS-4 “Application for Employer Identification Number” (EIN). You’ll want to be aware of this change if you are the person completing the EIN application for a new or existing corporation, limited liability company, trust, or other entity that is required to get a federal EIN. Lines […]
The California Labor Code section 2810(a) reads: A person or entity may not enter into a contract or agreement for labor or services with a construction, farm labor, garment, janitorial, or security guard contractor, where the person or entity knows or should know that the contract or agreement does not include funds sufficient to allow […]
