Doing Business in California after Brinker

Dear Friends, Colleagues, and Clients, If you own a business in California and pay employees, you should be aware of the Brinker case. What is the employer’s obligation with respect to employee meal and rest periods? Must an employer force its employees to take these breaks, or is it enough to make them available for employees who are interested in taking them? An incorrect answer can be expensive. California courts have seen a marked increase in employee class actions alleging meal and rest period violations. Employees seek […]

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More Important IRS Reporting Requirements Released

Dear Friends, Colleagues, and Clients, Many of our clients and regular Client Alert readers have foreign asset protection trusts or have invested directly and indirectly in assets which are foreign based. The Department of Treasury, in its attempts to further capture unreported income, has just released another information return, Form 8938, that requires certain eligible taxpayers to timely report the existence of these assets. Many taxpayers or their CPAs, who are already filing the FBAR return, may not realize they may also be required to file […]

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Piercing the Corporate Veil

Dear Friends, Colleagues, and Clients, In this issue of Client Alert, we will examine the concept known as “Piercing the Corporate Veil,” and how this “weapon” is used by skilled plaintiff’s lawyers to reach beyond a corporation to trap assets personally owned by the corporation’s shareholders. With the advent of the Internet and websites offering low cost incorporation services, many business owners will seek these lower cost alternatives to hiring a business lawyer and can run into trouble. Generally, these online “do-it-yourself” services provide only the […]

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