The Corporate Transparency Act: What Business Owners Need to Know
The Corporate Transparency Act: What Business Owners Need to Know Many business owners are unaware of the implications of new laws until they are already in effect. One piece of legislation gaining traction and relevance is the Corporate Transparency Act (CTA). This law is designed to enhance transparency and accountability in corporate tax reporting. Whether […]
Tax Deductions: Getting the Most Out of Your Business Expenses
Tax Deductions: Getting the Most Out of Your Business Expenses Tax preparation is an essential but often complicated process and maximizing deductions can significantly reduce your tax liability. Being aware of all potential tax deductions can significantly optimize your tax strategy and can be impactful for your business. Here are some key deductions that business […]
How to Avoid Tax Reassessment on Your Home in California: Key Strategies for Homeowners
How to Avoid Tax Reassessment on Your Home in California: Key Strategies for Homeowners As a California homeowner, understanding how to protect your property from unnecessary tax reassessments is crucial to maintaining predictable and manageable property taxes. California’s property tax system is governed by Proposition 13, passed in 1978, which limits the amount your property […]
Thinking About Creating a New Business? Here are Some Things to Consider
Thinking About Creating a New Business? Here are Some Things to Consider Starting a new business is an exciting venture filled with potential and possibilities. However, it also involves navigating a complex web of legal requirements and decisions that can significantly impact the future of your enterprise. Working with an attorney through what can sometimes […]
Limiting Real Estate Property Reassessment in California: A Balancing Act
Limiting Real Estate Property Reassessment in California: A Balancing Act In the dynamic landscape of California’s real estate market, property taxes represent a significant factor for both homeowners and local governments. At the heart of this system lies the concept of property reassessment, which determines the taxable value of a property. Over the years, there […]
Wealth Management Tax Strategies for High-Net-Worth Individuals
Wealth Management Tax Strategies for High-Net-Worth Individuals: A Legal Perspective In the realm of wealth management, high-net-worth individuals (HNWIs) face unique challenges and opportunities. High-net-worth individuals are often seeking to navigate the intricate landscape of tax strategies to preserve and grow their wealth. This blog will delve into effective tax strategies tailored for HNWIs, emphasizing […]
Navigating Tax Liabilities: A Guide for Business Owners
Navigating Tax Liabilities: A Guide for Business Owners As a business owner, you already know that running a successful enterprise involves more than just providing a great product or service. There is a whole world of financial considerations to navigate, and one of the most significant among them is taxes. Understanding your tax […]
The Washington Supreme Court Declines to Apply the “Apex Doctrine” in Stratford v. Umpqua Bank: What This Means
The Washington Supreme Court Declines to Apply the “Apex Doctrine” in Stratford v. Umpqua Bank: What This Means Washington Supreme Court declined to apply the “Apex Doctrine” to shield executives from Discovery in Stratford v. Umpqua Bank. The “Apex Doctrine” is a legal principal aimed at protecting top executives and government officials from having to […]
Building Your A-Team: The Power of Professional Advisors in Business and Wealth Management
Building Your A-Team: The Power of Professional Advisors in Business and Wealth Management Embarking on a business venture, planning your estate, or navigating the complexities of personal wealth requires more than just hard work and dedication; it requires a strategic approach and the right team of professional advisors. Competent key advisors who work well together—your […]
California Expands Prohibitions on Noncompete Restrictions
California Expands Prohibitions on Noncompete Restrictions It is settled law in California that contracts in which a party is “restrained from engaging in a lawful profession, trade, or business of any kind is to that extent void.” [Bus. & Prof. Code Section 16600.] The three narrow exceptions to this restriction on noncompete agreements are (a) […]
Considering Starting a Business? Here Are 3 Things Every Business Owner Should Know About Tax Laws
Considering Starting a Business? Here Are 3 Things Every Business Owner Should Know About Tax Laws Understanding tax laws is crucial for business owners to ensure compliance and optimize their financial strategies. Here are three key things every business owner should know about tax laws: CLASSIFICATION & TAX STRUCTURE Business owners should […]
The Most Important Things to Consider When Gifting Real Estate to Your Children
The Most Important Things to Consider When Gifting Real Estate to Your Children Gifting real estate property to children is a significant financial and legal decision that requires careful consideration. Here are some important things people need to know when gifting real estate property to their children: TAX IMPLICATIONS Gifting real estate property […]
5 Reasons Why a Regular Meeting with Your Tax Attorney is Critical
Five Reasons Why a Regular Meeting with Your Tax Attorney is Critical Business owners juggle many responsibilities. Taxes are one of the most crucial areas, and also one of the most overlooked areas, for business owners. Failing to meet with a tax attorney each year can not only result in lost income, it can also […]
Joshua Driskell Voted Top 100 Lawyer
Lagerlof Managing Partner, Joshua Driskell, Voted Top 100 Lawyer of Los Angeles Business Journal PASADENA, CA – Pasadena law firm Lagerlof, LLP’s Managing Partner, Joshua Driskell, was named one of the 2023 Top 100 Lawyers by the Los Angeles Business Journal. The Los Angeles Business Journal names the Top 100 Lawyers in the Los Angeles […]
Top 3 Reasons Business Owners Need an Attorney When Selling Their Business
Top 3 Reasons Business Owners Need an Attorney When Selling Their Business Selling a business can be a complex process that involves legal, financial, and emotional considerations. As a business owner, it’s essential to consult with a transactional attorney before negotiating the sale of your business. Here are the top three reasons why: 1. Legal […]
The Gift Clock is Ticking
The Gift Clock is Ticking: Tax Changes to Expect in 2026 Federal tax laws are changing on January 1, 2026. What does this mean? It means the amount that you can give away without gift or estate tax will be cut in half. With that in mind, here’s what you need to know… CHANGES IN […]
