by Nikki Semanchik | Jan 11, 2019 | Business Law |
An 83(b) election (here’s the code) can effectively accelerate your income tax and save you money by allowing equity you receive to be taxed before it is vested in a company, rather than after (we’ll talk more about what this means in practical terms in a...
by Nikki Semanchik | Jan 3, 2019 | Business Law, General Counsel, Nonprofit Law |
As the year wound down and we brought 2018 to a close, your nonprofit may receive requests for W-9 forms from companies you’ve done business with over the course of the year. You may think of a W-9 as a form that only applies to independent contractors (and, for the...
by Nikki Semanchik | Jan 2, 2019 | Business Law, General Counsel |
If you work for someone else, your employer handles your tax withholdings for you. That’s not the case when you work for yourself, though: you are still responsible for paying those taxes, but the responsibility for withholding falls to you. In the state of...
by Nikki Semanchik | Dec 14, 2018 | Business Law, Nonprofit Law |
If you’re self-employed, work as an independent contractor, or operate a business that hires independent contractors to complete work for your company, you’ve likely heard something about a 1099. What Is a 1099? While wages and salaries are reported on the form W-2,...
by Nikki Semanchik | Dec 12, 2018 | Business Law |
In the state of California, LLCs and corporations are required to file an annual or biannual Statement of Information with the office of the Secretary of State. While it may be tempting to delay filing – after all, running a business keeps you busy – it’s...
by Nikki Semanchik | Nov 24, 2018 | Business Law, Nonprofit Law |
Giving Thanks, and Giving Back: Ushering in the Season of Giving The sides are in the oven, the turkey’s been basted to perfection, and the table’s been set: there’s no denying that food is central to the Thanksgiving holiday. There’s something sacred about sharing a...
by Nikki Semanchik | Nov 13, 2018 | Business Law |
What is B Corporation Certification? The distinction of Benefit Corporation, B Corporation or B Corp, is granted to companies who demonstrate that they value not only profits but also giving back to the community. This can be done through direct financial...
by Nikki Semanchik | Jul 12, 2018 | Business Law, General Counsel, Nonprofit Law |
In the Spring of 2018, the California Supreme Court handed down a major change regarding how employers classify a California independent contractor. This new ruling has left many California business owners wondering, “What do we do now?” This sentiment will likely...
by Nikki Semanchik | May 21, 2018 | Business Law |
Small business owners usually have some idea or simple agreement put together that outlines what happens to their company upon retirement. However, most do not plan for something more unexpected, such as an untimely death. The sad reality is that 1 in 7 Americans do...
by Nikki Semanchik | Jan 5, 2018 | Business Law |
If you know you want to form a business entity and you are looking at what type to form, an S Corp may be the perfect entity choice for you. S Corps have some very attractive features which I will discuss below. There are a bunch of reasons you may not be eligible to...
