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Mismanaged Member Withdrawals Destabilize LLC Operations
Mismanaged Member Withdrawals Destabilize LLC Operations

The first time a member tells you they want out of your LLC, it rarely feels like a legal emergency. It feels like a personnel change. Someone will leave, the rest of you will keep running the company, and you will work out a buyout that feels fair. That assumption is ...

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Recent Posts
  • Mismanaged Member Withdrawals Destabilize LLC Operations

    The first time a member tells you they want out of your LLC, it rarely feels like a legal emergency. It feels like a personnel change. Someone will leave, the rest of you will keep running the ...

    Read More
  • Unsigned Formation Documents Delay Santa Clarita LLC Activations

    You thought your Santa Clarita LLC was set up weeks ago, but the bank still will not open a business account in the company name. The California Secretary of State website is confusing, your online ...

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  • Bypassing Statement Deadlines Breaches LLC Compliance

    You usually find out there is a problem with your LLC’s Statement of Information the hard way, when a official notice from the California Secretary of State lands on your desk or a lender tells you ...

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  • Common Property Taxes Misconceptions Regarding California Propositions 13, 58, and 19

    Proposition 13: Property Tax Limitations Constitutional Basis and Enactment Proposition 13, enacted in 1978, is codified in Article XIII-A of the California Constitution. It emerged in response to ...

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  • Young & Chic Earns the “Best of SVC” Recognition as Best Bankruptcy Attorneys for 2025.

    Young & Chic LLP is honored to earn the “Best of SCV” recognition as Best Bankruptcy Attorneys for 2025. This is our 8 th such award in a row, and 9 th overall! We have been proudly serving the ...

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  • Understanding the Risks of Transferring Property to Children Before Death: Tax Consequences and Estate Planning Benefits

    Transferring property to children before your death might seem like a straightforward way to simplify estate distribution and avoid probate. However, this decision can have significant financial and ...

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