Author Archives: The Corporation Secretary

Many of the tax-related provisions of Obamacare–the Patient Protection and Affordable Care Act or the “Act”—will require businesses to take action this year and next. Here is a short summary: W-2 reporting  Employers that filed 250 or more 2011 W-2 … Continue reading →

On September 8, 2012, the Governor of California signed into law Assembly Bill 1964, amending the existing state law that protects individuals from employment discrimination based on race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, … Continue reading →

Underestimating Regulatory Risk Regulatory compliance may seem like a nuisance or a “necessary evil” to most business owners but, if neglected, it can actually be much worse than that.  Three trends appear to be emerging in this area.  First, the … Continue reading →

If Congress allows the so-called “Bush tax cuts” to expire at the end of this year—a not unreasonable assumption–the personal tax rates on ordinary income will increase as follows:       Unmarried Filers     Married Joint Filers   Marginal Rate   … Continue reading →

In two recent court cases, one in New York (applying Delaware law) and one in Colorado, the courts allowed the “veil” of an LLC to be pierced on the basis that the LLC was the “alter ego” of the owners.  … Continue reading →

The following link leads to a chart that shows the requirements for and restrictions on the names of corporations and LLCs under the laws of each State: What’s in a name? That which we call a rose. . .   … Continue reading →

If you have been thinking about selling your business, you might want to consider a sale before the end of 2012.  Otherwise, the tax consequences could be noticeably worse. Capital Gains For shareholders who have held their shares for more … Continue reading →

In our post of August 30, 2011, we noted that the National Labor Relations Board (NLRB) had adopted a final rule requiring most employers to notify employees of their rights under the National Labor Relations Act (NLRA) by posting a … Continue reading →

New Section 6050W of the Internal Revenue Code, which was added by Section 3091(a) of the Housing Assistance Tax Act of 2008 (the “Act”), requires all credit card processors (such as LawPay, First Data and TSYS) and third-party payment aggregators … Continue reading →

“Back door” registration occurs when a private operating company acquires a SEC-registered public shell company and then the parties enter into a “reverse merger”, i.e., the acquiring company (the private operating company) merges into the acquired company (the SEC reporting … Continue reading →