Author: JGPC Law

JGPC Law - LLC Design and Implementation

LLC Design and Implementation

LLC Design and Implementation Tax Considerations and Consequences LLCs come in four basic forms based on tax treatment which is usually chosen by the members. The four forms of LLC’s based upon tax treatment we shall call: (i) LLC-D’s (those LLC’s taxed as a disregarded entity) (ii) LLC-P’s (those LLC’s taxed as a partnership) (iii) LLC-S’s (those LLC’s tax as an “S” corporation) (iv) LLC-C’s (those LLC’s taxes as a “C” corporation) These four forms of the LLC are functionally very different...

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JGPC Law - California Collections Law Firm

LLC Asset Protection Strategies

LLC Asset Protection Strategies Inside-Out Liability: As far as inside-out liability, members of an LLC have the same level of personal liability protection as the shareholders of a corporation. That is, creditors of the entity, whether corporation or LLC, cannot get thru to the owners, shareholders or members, unless the shareholders/members have personally guaranteed a corporation/LLC debt, have received an improper distribution or a court allows a piercing of the corporate/LLC veil because...

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LLC Attorneys Scale

What is a Limited Liability Company?

What is a Limited Liability Company? Many business transactions lawyers spend much of their professional lives creating, structuring and manipulating the “unnatural persons” of the legal world, those entities identified as “persons” under the law that are not “natural persons”. These “unnatural persons” are the building blocks of modern civilization. They are the conceptual entities or “legal entities” that we natural persons use to organize our lives and to bring continuity, stability and structure...

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Alert – Online Notarization Services Illegal In California

The California Secretary of State recently issued the following Alert Customer Alert – Online Notarization Services Are Not Legal In California Online webcam notarization is invalid and illegal in the State of California. A private company claims to have the first online notarization website and has sent misleading information and made false claims to California notaries public concerning a new online notarization service. The web-based platform purports to allow a person to submit copies...

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Level 4 & 5 Asset Protection

Today we wrap up our discussion of asset protection with a brief analysis of the fourth and fifth levels of asset protection. Level 4 Asset Protection involves the use of entities such as LLCs, LPs, FLICs, FLIPs, foreign or domestic asset protection trusts, QPERTS and other entities for protection of personally owned assets. Level Four Asset Protection would involve the use of domestic or foreign asset protection trusts. Many states now authorize the use of “self settled trusts” that can be used...

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Level 2 & 3 Asset Protection

Today we continue our discussion of Asset Protection with a brief analysis of the second and third Levels of Asset Protection. Level 2 Asset Protection is basic estate planning that everyone should have. The types of entities or powers we are talking about here would include: wills, revocable living trusts, durable powers of attorney, heath care powers and special needs trusts. JGPC Law does not provide level two services but we’re happy to provide you with referrals to competent estate planners...

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Level 1 Asset Protection

Yesterday we gave a brief introdution to the concept of Asset Protection. Today we will dig a little deeper by explaining the first level of Asset Protection. Level 1 Asset Protection is the use of business entities. Everyone engaged in a business or professional practice should consult an experienced business attorney to consider the formation of an Asset Protection entity, such as a corporation, LLC, LLP or LP, to help protect both the business assets placed in the entity and owner’s...

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An Introduction to Asset Protection

Asset Protection is a topic few people understand.  Today we begin a multi-part series on Asset Protect to help you understand this topic.  There are two rules to Asset Protection and five levels to Asset Protection that you should keep in mind.  We begin with describing these rules and reviewing the five levels. The first rule of Asset Protection is that you will be in a much stronger position if you set up the asset protection structure before you need it. If you wait until a claim has arisen...

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Hacienda Network, JGPC Law

Transactional Law Specialists Represent Firms Ranging from Startups to the Fortune 100 Attorneys By Nicole Zaro Stahl The three attorneys and two paralegals at JGPC Business & Corporate Law started 2008 in a newly purchased office condo on Stoneridge Drive, after a dozen years in rented space in a building outside Hacienda just a few blocks away. “We will be adding a couple of attorneys and a paralegal or two in the near future, and this will give us a little more space,” comments founding...

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Blue Sky Law

LSI ANNUAL CONFERENCE 2008 – BLUE SKY LAW By Jim Gulseth, JGPC LAW, Pleasanton, California I. What Are “Blue Sky” Laws? “A blue sky law is a state law in the United States that regulates the offering and sale of securities to protect the public from fraud. Though the specific provisions of these laws vary among states, they all require the registration of all securities offerings and sales, as well as of stock brokers and brokerage firms. Each state’s blue sky law is administered by its...

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JGPC Business Law is a business law firm providing cost-effective, quality legal services to privately held businesses, corporations, limited liability companies (LLCs), general partnerships, joint ventures, limited liability partnerships (LLPs), limited partnerships (LP), trusts, business start ups, entrepreneurs, business owners, managers, executives, investors, buyers & sellers throughout the Tri-Valley and the East Bay Area, including Pleasanton, Dublin, Livermore, San Ramon, Danville, Walnut Creek, Castro Valley, Fremont, Tracy, Modesto, Manteca, Stockton and all of Alameda County and Contra Costa County. We are here to serve all of your business and corporate law needs.