Many people are terrified of calling a lawyer — even when they need it most. For a simple five-minute phone call, they’ll surely get a bill! Also, what if their attorney charges additional fees after that call that they can’t afford? At the Law Offices of Tyler Q. Dahl, we don’t believe in hidden, inflated, or surprise legal fees. As an entrepreneur and family-focused firm, we want to make sure that you always know Read More
The Fight Over Reasonable Compensation Begins Before the Investigation
S-Corp business owners gain access to great tax benefits that can save themselves and their business plenty of money - but these business owners should be careful to prepare themselves for a reasonable compensation challenge. The IRS gives special attention to S-corporations to ensure that owners are being paid reasonable compensation, and the tax penalties for being found in violation can be costly. Depending on how Read More
Establishing an S Corp? Don’t Forget Your Spouse’s Signature!
Depending on how you originally established your business, filing an S-Corporation (also known as an “S-Corp”) election could require the permission of your spouse - even if you didn’t plan for them to hold shares. Because California is a community property state, the property acquired by either partner during the marriage is considered both the property owner and the spouse 50/50. This also includes your Read More
Make Sure Your Business is CalSavers Compliant!
In 2016, California showed its dedication to ensuring its citizens properly plan for their retirement by enacting the CalSavers Retirement Savings Trust Act, which seeks to ensure that more Californians have proper retirement savings accounts. The act came in response to a significant problem within California's workforce, which is that almost half (48% as of 2019) of Californian employees aged 25-64 have no Read More
Why you Need a Business Law Attorney for Your Estate Plan
As a business owner, it’s critical to have an estate plan - but even more critically, an estate plan that accounts for your business structure and the ins and outs of your specific business. Estate planning isn’t just one area of practice, but rather an umbrella which many different areas fall under. The creation of an estate plan for a businessperson who operates a own stock portfolio, for example, will need a Read More
5 Ways DIY Estate Plans Can Fail & Leave Your Family At Risk—Part 1
Do a Google search for “digital wills” or “online estate planning,” and you’ll find dozens of different websites offering low-cost, do-it-yourself (DIY) and sometimes even free estate planning documents, such as wills, trusts, powers of attorney, and healthcare directives. From LegalZoom® and Rocket Lawyer® to TrustandWill.com and FreeWill.com, these DIY legal documents may seem like a cheap and easy way to Read More
Protect Your Business and Family With a Buy-Sell Agreement
Whenever you have a partner or multiple owners in a business, one of the most important—but often overlooked—aspects of the relationship is planning for how it will end. It’s crucial that you come up with a clear exit strategy, and do so at the start of your relationship when things are going well, and not wait until you encounter problems down the road. Indeed, the more thought you put into your exit plan ahead Read More
Why Putting Your Family Home In A Trust Is A Smart Move—Part 2
If you are like many homeowners, your home is likely your family’s most valuable and treasured asset. In light of this, you want to plan wisely to ensure your home will pass to your heirs in the most efficient and safe manner possible when you die or in the event you become incapacitated by illness or injury. Indeed, proper estate planning is as much a part of responsible homeownership as having homeowners Read More
California’s Care Custodian Statute
Whether you’re a caretaker who is receiving a gift from someone you built a relationship with or a senior citizen who wishes to repay your caretaker for all they’ve done, you should take the time to educate yourself on California’s Care Custodian statute. Transferring gifts between patient and caregiver is carefully regulated by the state of California to prevent a form of elder abuse named undue influence. Undue Read More
What You Should Know About Your Website’s Terms Of Use
Although it’s the likely most boring part of your website, having a well-thought-out Terms of Use page for your company’s website is a smart move. Your Terms of Use page sets the rules for your company’s website, and going without one opens your business up to a number of unnecessary risks. Also known as “Terms and Conditions” or “Terms of Service,” your Terms of Use function as a legally binding agreement between Read More