The U.S. Supreme Court recently handed down a decision that will have a significant impact on buy-sell agreements and estate valuations. Connelly v. United States is the Court’s latest in its string of major decisions in 2024 impacting California businesses. Connelly will fundamentally alter the way life insurance proceeds are treated in stock redemption agreements for estate tax purposes — supporting the Internal Read More

Developing an effective and personalized tax strategy requires a holistic understanding of the tax code. Applying and remaining aware of relevant laws and principles directly impacting your circumstances is part of Dahl Law Group’s commitment to our clients. One such principle is the Cohan Rule, which allows for flexibility in claiming deductions when specific documentation, like receipts, isn’t available. This rule Read More

Choosing the right entity structure is a critical decision that impacts the entire life of your business. It impacts shareholder rights, taxes, management, legal compliance, and much more. While both LLCs and corporations offer a number of advantages, the decision often comes down to what suits your management style, financial circumstances, privacy preferences, and long-term goals. One thing to keep in mind: many Read More

Any business in California is going to have to concern itself with allocating profits and losses to owners, but certain business structures have more legal hurdles in determining the proper procedures. This is especially true for California limited liability partnerships (LLPs) where tax structure and strategy ultimately define allocations. Understanding how these allocations work in your partnership can help you Read More

Common law is a force in the legal profession — despite not actually being enshrined anywhere in California or the federal legal system. Instead, common law legal systems are crafted by the judiciary, setting the standard for future rulings and guiding otherwise unanswerable legal questions.  For a law firm like Dahl Law Group, where we offer a range of practices including business law, asset protection, and tax Read More

   As we approach the end of the year, business owners have plenty on their plates, from managing financial projections to ensuring compliance with ever-evolving regulations. Among these, the Corporate Transparency Act’s (CTA) Jan. 1, 2025, deadline stands out as a critical, non-negotiable milestone that should be at the top of every California business owner’s year-end checklist.   For small to mid-size business Read More

Owning property in California comes with a unique set of risks, making comprehensive insurance coverage a necessary consideration for business owners and families. From natural disasters to liability issues arising from incidents on those properties, the right insurance can protect your financial future. Do you have the right coverages to protect your California properties? General Liability Insurance General Read More

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