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Business Organizations & Commercial Transactions
ABLE Accounts Now More Attractive Than Ever
Author: James Polese
If you have, or have a child who has, a disability and the disability began before age 26, the disabled person can open a tax advantaged investment account that does not adversely affect any disability payments currently being received. If the individual with the disability does not receive disability-based benefits, there is a self-certification process so long as the disability meets the Social Security Administration’s standards and the disability causes “marked and severe functional limitations.”
The accounts, known as ABLE accounts, were authorized with the enactment of the Achieving a Better Life Experience (“ABLE”) Act of 2014.
Even More Requirements for Companies Doing Business in California
Author: Cameron Collins
Until recently, the California Corporations Code Section 1601 provided that a corporation’s shareholders had the right to inspect the “accounting books, records, and minutes of proceedings of the shareholders and the board and committees of the board of any domestic corporation, and of any foreign corporation keeping any such records in this state…”
In Innes v. Diablo Controls, 248 Cal.App.4th 139 (2016), the court opined that Section 1601 did not require that the records of corporations be brought into California for inspection if the corporation did not maintain the records in the state.
2019 Employment Law Updates: Minimum Wage Increases
Author: Richard K. Mahrle
Issue: January 10, 2019
With a new year come new changes. You may want to pull out your employee handbook or policy manual and consider revising it to meet the new requirements. We can help you with that.
As of January 1, 2019, the minimum wage in our state has increased to $11.00 per hour. Tipped employees can be paid $8 an hour, but their hourly pay including tips must meet or exceed the $11.00 minimum in Arizona.
There are very few exceptions to the Arizona minimum wage.
Gammage & Burnham Ranked in 2019 Best Law Firms by U.S. News & World Report and Best Lawyers
It was recently announced that Gammage & Burnham PLC is nationally ranked in eight practice areas and regionally ranked in 18 practice areas. The U.S. News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process, and Best Lawyers is the oldest peer-review publication in the legal profession.
According to Best Lawyers, a tier designation reflects a high level of respect a firm has earned among other lawyers and clients for their abilities, their professionalism and their integrity. There are three tier levels, with one being the highest. Gammage & Burnham received first-tier rankings among firms in the Phoenix metro area for ten practice areas: Administrative/Regulatory Law; Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law; Business Organizations (including LLCs and Partnerships); Commercial Litigation; Construction Law; Health Care Law; Land Use & Zoning Law; Litigation – Construction; Litigation – Land Use & Zoning; Litigation – Real Estate; Real Estate Law; and Securities Regulation.
Legal Alert: New Audit Rules (Part 1)
Issue: May 29, 2018
New Audit Rules: Part 1 – Who Can Opt Out?
There are changes coming, effective this tax year, that require all entities taxed as partnerships to contemplate many issues that they haven’t needed to in the past. In this multi-part series, we will outline several provisions in the new IRS audit rules that impact these entities. These changes directly affect both general and limited partnerships as well as limited liability companies that are taxed as partnerships.
The new rules were enacted by Congress in the Bipartisan Budget Act of 2015 (“BBA”) and are sometimes referred to as the BBA audit rules.
