When businesses engage in the acquisition of another entity, the tax implications of such a deal are a crucial element that must be accounted for. Those implications look different depending on whether the deal is a stock sale or an asset sale. Each of these deals serves a different purpose in the business landscape. Working with an experienced firm that understands both tax and business law is an invaluable asset Read More
How Offshore Accounts and Real Estate Factor Into Your Estate Plan
Holding wealth in an offshore account is often perceived as an illicit practice meant to hide money or avoid taxes. This is a common misconception as a high number of individuals hold offshore bank accounts for a variety of legitimate, legal reasons. Many hold financial interests abroad or seek to diversify their wealth through various currencies. But, how do these accounts and assets transfer to beneficiaries at Read More
Is a 0% Interest Loan Really a Good Deal?
Who wouldn't want a zero-interest loan? In the current financial climate, with interest rates posing challenges for both consumers and businesses, the appeal of such an offer is undeniable. High rates are holding entities back from reaching financial goals and even postponing significant purchases. A loan with 0% interest seems like a saving grace from the high interest rates, whether it’s from a family member, Read More
What is Reverse Piercing?
Protecting your personal assets from your company's liabilities is a crucial aspect of risk management. The same is true in reverse – protecting your company’s assets from personal liability is just as important. Limited Liability Corporations (LLCs) have long been favored by business owners for this very purpose. They generally shield assets from both directions of liabilities. However, there are situations where Read More
As Your Business Grows, So Too Do Your Liabilities
Growing your business is more than just numbers on a balance sheet. It's a testament to your dedication, hard work, and vision. Growth is an achievement to be celebrated and we’re not here to take away from that, but it’s important to be prepared for the changes to come. At Dahl Law Group, we celebrate and champion the growth of businesses. We want to see you expand, hire more employees, and make your mark. Our Read More
What is a QTIP Tax Election in Estate Planning?
Qualified Terminable Interest Property (QTIP) Trusts are an excellent estate planning tool for individuals who need to save on estate taxes while providing for a surviving spouse and, eventually, chosen heirs and beneficiaries. They provide flexibility and control over the assets and funds held within the irrevocable trust while also limiting the tax consequences. We want to explore the several benefits of this Read More
Mediation vs. Arbitration vs. Litigation: What’s the Best Route for You?
Disputes arise in the course of doing business. In a perfect world, businesses and individuals would be able to avoid all legal issues and liability, but we don’t live in a perfect world. Thankfully, dispute resolution takes on a number of different forms depending on the resources, facts, and agreeability of the parties involved. The goal of dispute resolution channels should be to lessen the blow of these Read More
California Could Modernize Notary Public Guidelines, Allowing Remote Notarization
A bill working its way through the California Assembly would bring a significant change to notary public guidelines in our state – allowing for remote online notarization (RON). Assembly Bill 743 is the latest version of such a bill, with previous versions stalling at the committee stage. California, in this case, is well behind the countrywide standard as 43 other states already have RON laws in effect at this Read More
Do You Qualify for a Qualified Business Income (QBI) Deduction?
As a business owner, protecting your financial interests is tantamount to the continued success of both your professional and personal financial pictures. Understanding the various tax breaks available to you and how they impact your finances is a vital element of this. A QBI deduction is one such tax break that offers significant savings for qualified business owners. These have been available since 2018, but Read More
A Guide to California Guardianships for Minor Children
Our children are our future. It’s important that they have the resources, tools, and support needed to grow, learn, and prosper. This becomes a significant challenge when a minor child in California either loses their parents or has parents who are otherwise unable to fulfill their child’s needs. Guardianships in California offer protection and peace of mind for the days, weeks, and months to come, but they often Read More