A California Law Corporation provides attorneys with a business structure for their legal practice and affords certain liability protections. As a professional corporation specifically for attorneys, it allows lawyers to deliver legal services while limiting personal exposure to the corporation’s debts and liabilities. The structure also offers perpetual existence, making it appealing to both solo attorneys and small Read More

When Alice and David* first reached out to our team at Dahl Law Group, they were unsure about the impending sale of their successful restaurant and the real estate it sat on. After decades of building their business and owning the commercial property where the business operated, they needed an alternative legal opinion to make sure they were making the right decisions for both their financial future and their Read More

More California families will be able to transfer assets to descendants without undergoing a lengthy — and often costly — probate process under a new state law. Assembly Bill 2016, which takes effect April 1, changes the definition of “small estates” by raising the probate threshold to $750,000, a massive leap from $184,500. While this new law does simplify the estate planning and administration process for many, it Read More

A Domestic Asset Protection Trust (DAPT) is a useful tool for California real estate investors who want to shield their assets, but it’s important to note that the state of California does not recognize DAPTs. This raises the question: How can you utilize a DAPT to protect your California real estate portfolio? The answer lies in leveraging the laws of states that do permit DAPTs, allowing you to create a structure Read More

When Jason and Sarah Thompson* started their small business a decade ago, they never imagined it would grow to generate $1.8 million in revenue annually. Along with their thriving company, they had wisely invested in three rental properties across California and had settled into their dream home with their sons, Alex, 19, and Ryan, 17. Life was good, but Jason and Sarah couldn't shake the feeling that their success Read More

Establishing a Business Continuity Plan (BCP) is essential for any business owner who plans to ensure the longevity of their enterprise. A BCP is a proactive strategy that prepares your business and its employees to quickly address and move past potential risks that could otherwise disrupt operations. In California, where the business landscape is dynamic and often full of its own challenges, having a thorough Read More

F Reorganizations are increasing in popularity in the mergers and acquisitions market. If you’ve participated in the sale or acquisition of an S-corporation recently, then you’ve likely encountered this growing concept. Understanding what an F Reorganization is and how it benefits your corporation is critical as you look to get the most value from your M&A transaction while keeping tax liabilities low. What is F Read More

Previously, we discussed what a Domestic Asset Protection Trust (DAPT) is, what its limitations are and if DAPTs are not recognized in California. Diving deeper, it’s important to understand why the State does not recognize DAPTs in California estate plans — and which states do. Why Doesn’t California Recognize Domestic Asset Protection Trusts? A DAPT is a type of irrevocable trust that is established with the Read More

What good is an opinion when we’re talking about taxes that revolve around hard numbers and facts? Devising a proper tax strategy is a critical element of any California business, but the layers of business tax filings are one of the biggest headaches for business owners. You need to get your tax filings right. So, how does a tax opinion help? What is a Tax Opinion? A tax opinion is an analysis of a financial Read More

Buying or acquiring businesses in California is an opportunity to expand your business footprint and create generational wealth for your family. Of course, acquiring a business also comes with additional costs and potential liabilities. Some of these can be avoided with the proper approach and legal team on your side. Acquiring individuals and entities must be aware of successor liability. When you purchase a Read More