Corporations offer limited liability protection, so shareholders (owners) are typically not personally responsible for business debts and liabilities. This is true whether it is taxed as a C corporation or an S corporation. Deciding between an S or a C corporation is not always a simple matter. The San Luis Obispo corporate law attorneys from… Continue Reading San Luis Obispo corporate law attorney explains the differences between S and C corporations?

At some point, when starting a new business, you need to decide on a business structure, or an entity type. The key considerations are which structure is going to give your business the best legal protection and the best tax benefits. The two most common legal entities are a corporation and a Limited Liability Corporation… Continue Reading What are the differences between a corporation and an LLC?

Business can be interrupted for any reason from a temporary power outage from a storm, to major damage by a natural disaster, an economic downturn or, as in recent months, a pandemic. As a rule, business interruptions are unexpected but some can be predicted. Economic downturns can often be predicted and living in earthquake country… Continue Reading Advantages of a business continuation plan

Whether your Advanced Health Care Directive (AHCD—also known as a “living will”) is part of your estate plan or a the only estate planning document you have in place, it needs to be reviewed on a regular basis. The estate planning and trust attorneys at San Luis Obispo’s Toews Law Group, Inc., recommend reviewing your… Continue Reading How often should you review your Advanced Health Care Directive?

A well written agreement between you and your business partners is critical in protecting your business, yourself and your family, and your partners and their families. The business and tax attorneys at San Luis Obispo’s Toews Law Group, Inc. have vast knowledge and experience in drafting well written partnership agreements. No matter how much you… Continue Reading What to include in a partnership agreement

Are you thinking about selling your business? It does not happen overnight and the first thing you must do is discuss the steps required in embarking on this transition. It may take time to sell so don’t start packing your suitcases for that tropical island just yet. Toews Law Group, Inc., the business and tax… Continue Reading Making the best preparations for selling your business

Success runs on ideas that you have worked hard to turn into reality. Most entrepreneurs are driven by ideas for making business better, and often come up with ideas for a new service or product that is completely different from their current business. Fortunately, there’s no limit on the number of business ventures you can… Continue Reading San Luis Obispo business attorney answers ‘What is the best structure for multiple businesses?’

There are risks to operating a business that can’t be foreseen, such as a natural disaster that interrupts a supply chain, or the illness or unexpected death of a key player. Most businesses manage to regroup after such emergencies and get back on track. Even some legal risks can be unforeseen, but most legal risks… Continue Reading Identifying business legal risks

Life insurance is a well-accepted means for protecting families in the event of the insured’s death. A life insurance policy provides the ability to help pay off debts, pay the mortgage and other living expenses, pay for college for children, grandchildren, nieces and nephews and helps replace the income that is lost. Many people don’t… Continue Reading How insurance and estate plans work together

A nonprofit’s success often depends on the board of directors who oversee the organization’s finances, fundraising activities, and operations. Building an effective board of directors sets the direction of an organization for its initial formation and into the future. This makes defining the structure of the board and recruiting board members critical for the organization’s… Continue Reading Building a board of directors for a nonprofit

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