[COLUMN] Q&A for Nevada LLCs

Can creditors go after my business? Yes, creditors can go after your business – but only after business assets (business bank accounts, equipment). But they cannot go after your personal assets (personal bank accounts, appliances, home). Who is liable for LLC debt? The LLC, not you personally. What are Nevada LLC members liable for? Nevada…

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[COLUMN] ‘Managers’ may still be owed overtime

PAMELA Ruben-Knudsen and Marnine Casillas were employed as Client Service Managers by Arthur J. Gallagher and Co., a brokerage firm. Client service managers are salaried and considered exempt from overtime. However, their primary task is to coordinate between producers, clients and insurers to process insurance applications and renewals. Pamela and Marnine do not manage or…

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[COLUMN] How’s the housing market?

AS we come to the close of 2021, the data shows that the Southern California housing market has continued to appreciate for the past three years since 2019. As of date, here are the average sales prices for single-family homes in Southern California in comparison to years 2020 and 2019. Los Angeles County’s average sales…

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[COLUMN] Are you overburdened by debt?

Bankruptcy law has two basic purposes for individuals (as opposed to a business entity). The first is from the perspective of creditors. Bankruptcy law gives creditors a common venue to resolve collective action against an insolvent debtor. What does this mean? Imagine if you will, that you owe ten credit cards for a total of…

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[COLUMN] Tax benefits of Nevada corporations

Nevada has no state personal income tax. It has no corporate income or franchise tax tax either. On the other hand, neighboring California has the highest personal tax rates in the country. It also has one of the 10 highest corporate income tax rates. It’s no wonder that businesses and individuals leave the Golden State…

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[COLUMN] How’s the housing market?

ENDING the month of November 2021, the Southern California housing market continued to appreciate in comparison to the prior year (Nov 2020) for single-family homes. Los Angeles County’s median sales price increased 10% to $880,000 and an average sales price of $1,305,876 (13%) for single-family homes. Orange County’s median sales price increased 22% to $1,125,000…

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[COLUMN] Grounds for annulling a marriage

MOST couples that want out of a marriage in California usually file for Divorce.  There are circumstances though that allow a couple to have their marriage “voided” rather than “dissolved.”  There is a big difference between the two concepts.  With a voided marriage, it restores the couple to status of unmarried person as if they…

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SFIO officially signs $100-M agreement with Omnicor Industrial Estate & Realty Center to develop a resort condotel in Batangas, Philippines

THE memorandum of agreement will see Omnicor Industrial Estate & Realty Center, Inc., a subsidiary of Filipino publicly listed company AbaCore Capital Holdings, contributing land by the bay of Batangas for SFIO to develop into a resort-like condotel property. The announcement of the project has been made official by offering further details to the public….

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