Mark Lobb

Trust

Trustees Responsibility when Trustee has Sole and Absolute Discretion

A trustee is bound by the terms of the trust agreement. The performance of his or her duties, including and especially making distributions to beneficiaries, must strictly comply with the trust terms. However, more and more trusts, especially those utilizing advanced estate, tax, and asset protection planning techniques, provide an independent trustee with sole and […]

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Tips and tricks

Four tips for business owners facing potential litigation

When your business interests are threatened by the prospect of litigation, you need to know what to do in order to protect your investment. We have seen many companies who failed to realize the impact that litigation has upon a business’s day-to-day operations, resulting in significant harm that is difficult to overcome. We wanted to

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Business plan

Succession Planning: Structuring a Successful Plan With Tax and Non-Tax Considerations

Authored By David Kotik No business should operate without a succession plan in place. The succession plan should have its imprint on the day-to-day operations of the business. Once you have a succession plan in place, the implementation of that plan will integrate itself into the fabric of decision making. Importantly as well, the timing

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housing

New law helps business owners avoid asset seizure by the IRS

Being a small business owner can be at once rewarding and challenging. Having the IRS overseeing financial transactions and facing the possibility of losing assets to IRS seizure only makes matters more difficult. Under what rule does the IRS seize business assets? As a general rule under the Bank Secrecy Act of 1970, banks are

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Business owner passing paper sheet to a person

Look out business owners, here comes OSHA

Businesses have been put on notice that, once a group of 76 new inspectors are trained, OSHA plans to inspect more businesses for jobsite safety violations. U.S. Secretary Alexander Acosta in April personally informed a House Appropriations subcommittee that OSHA inspections will become more frequent than they currently are. The hiring freeze President Trump placed

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Line of blocks with employees. Building a business team from many candidates. Personnel management,

How SB 218 and AB 170 Could Impact Employers

As the 2019 California Legislative Session comes to a close in mid-September, employers around the state are closely monitoring two bills that may impact their employment processes. Senate Bill 218 (SB 218) and Assembly Bill 170 (AB 170) are two bills that focus on employee discrimination and how that discrimination must be handled by employers.

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Confident teacher of painting explaining his students main rules of drawing

Rules for out-of-state LLCs doing business in California

Most individuals and organizations that operate limited liability companies, or LLCs, are only concerned about the tax laws and filing processes that are required by the state in which their LLC is registered. However, a surprising number of LLCs are required to fulfill tax filing obligations in the state of California, even if their business

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building

Protecting your assets in private equity mergers and acquisitions

How can you protect your assets in private equity mergers and acquisitions? As these deals have grown larger and more frequent over recent years, investors have stumbled as often as they’ve succeeded. You don’t need to let this fact discourage you, but you should take it as a reminder that you need to start with

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