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Pursuant to the Small Business Jobs Act of 2010, the Small Business Administration (SBA) is implementing a new program starting February 28, 2011 to enable small business to refinance existing owner-occupied commercial real estate mortgages through its 504 loan program. Previously the 504 Loan Program was only available for new development, construction and expansion. For a limited time (February 28, 2011 thru September 27, 2012) it can now be used to refinance an existing owner-occupied commercial [...]
Existing law governing limited liability companies (LLCs), the Beverly-Killea Limited Liability Company Act, prohibits domestic and foreign LLCs from rendering professional services in California. See California Corporations Code §17375. "Professional services" is defined as "any type of professional services which may be lawfully rendered only pursuant to a license, certification, or registration authorized by the Business and Professions Code, the Chiropractic Act, or the Osteopathic Act." See California [...]
Small Loan Advantage and Community Advantage 7(a) Loan Initiatives
On February 15, 2011, the SBA is rolling out two new loan initiatives aimed at increasing the number lower-dollar loans to small business in underserved communities: (1) Small Loan Advantage and (2) Community Advantage 7(a) Loan will both offer a streamlined [...]
On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010. The Small Business Jobs Act of 2010 not only increases and extends a number of the tax incentives originally included in the Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009 (“2009 Recovery Act”), but also adds some new [...]
Tags: tax break, tax credits, tax decuction, 2010 Tax Breaks, 2010 Tax Credits, 2010 Tax Deductions, small business tax deductions
Posted In: Business Law Bulletin Corporate Client Bulletin Tax Update
The new health reform laws (Patient Protection and Affordable Care Act) enacted in March of 2010, give certain eligible small employers a tax credit if the employer provides health care coverage to their employees. The tax credit applies to employers with less than 25 full-time employees with average wages below $50,000 per year. To receive the tax credit, the employer must pay at least half the health insurance premiums for their employees and meet various other eligibility requirements which are highlighted [...]
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Disclaimer: The information presented on this web site was prepared by Melissa C. Marsh for general informational purposes only and does not constitute legal advice. The information provided in my articles and alerts should not be relied upon, or used as a substitute for professional legal advice from an attorney you retain to advise or represent you. Your use of this Internet site does not create an attorney- client relationship. Transmission of this article is not intended to create, and receipt of it does not constitute, an attorney-client relationship. All uses of the contents of this site, other than personal uses, are prohibited. You may print or email a copy of any information posted on this web site for your own personal, non-commercial, use, but you may not publish any of the articles or posts on this web site without the Express Written Permission of Melissa C. Marsh.
Located in Los Angeles, California, the Law Office of Melissa C. Marsh handles business law and corporation law matters as a lawyer for clients throughout Los Angeles including Burbank, Sherman Oaks, Studio City, Valley Village, North Hollywood, Woodland Hills, Hollywood, West LA as well as Riverside County, San Fernando, Ventura County, and Santa Clarita. Attorney Melissa C. Marsh has considerable experience handling business matters both nationally and internationally. We routinely assist our clients with incorporation, forming a California corporation, forming a California llc, partnership, annual minutes, shareholder meetings, director meetings, getting a taxpayer ID number (EIN), buying a business, selling a business, commercial lease review, employee disputes, independent contractors, construction, and personal matters such as preparing a will, living trust, power of attorney, health care directive, and more.