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15 03, 2017

The City of Santa Barbara Releases Draft New Zoning Ordinance (NZO) Santa Barbara Municipal Code, Title 28

By | March 15th, 2017|News, The Advisor|Comments Off on The City of Santa Barbara Releases Draft New Zoning Ordinance (NZO) Santa Barbara Municipal Code, Title 28

The City of Santa Barbara has released the Draft New Zoning Ordinance (NZO) for public review and comment.  We want to give you a brief summary of the proposed modifications and let you know how you can find out more about these important changes for the City of Santa Barbara. The NZO is an effort [...]

13 02, 2017

With the New Year Comes California’s New Laws for Employers

By | February 13th, 2017|News, The Advisor|Comments Off on With the New Year Comes California’s New Laws for Employers

Every January, employers must become familiar with new employment laws that have been passed at the state and local level. Below is a brief summary of some of the most relevant, in my opinion. Should you have questions about any of these new requirements, please contact any member of our Labor and Employment Practice Group [...]

11 01, 2017

FIVE TIPS FOR A GREAT START TO 2017

By | January 11th, 2017|News, The Advisor|Comments Off on FIVE TIPS FOR A GREAT START TO 2017

January 2017 There is no shortage of helpful year-end advice for small business owners.  Yet, for many of my clients, December is already too busy with holidays and vacations to focus on the legal needs of their business.  With the busy holiday season behind us, the new year presents a wonderful opportunity to review those [...]

13 12, 2016

ADR to the Rescue

By | December 13th, 2016|News, The Advisor, The Advisor Video|Comments Off on ADR to the Rescue

“ADR” is the acronym for Alternative Dispute Resolution -- usually mediation and/or binding arbitration as a means of resolving legal disputes.  BFAS has been promoting ADR instead of litigation, especially in the employment law arena, for years. Now, however, we are convinced that ADR has become an essential ingredient of any well-run business.  I can [...]

12 12, 2016

ADR to the Rescue

By | December 12th, 2016|News, The Advisor|Comments Off on ADR to the Rescue

December 2016  “ADR” is the acronym for Alternative Dispute Resolution -- usually mediation and/or binding arbitration as a means of resolving legal disputes.  BFAS has been promoting ADR instead of litigation, especially in the employment law arena, for years. Now, however, we are convinced that ADR has become an essential ingredient of any well-run business.  [...]

18 11, 2016

California Marijuana Legalization: A Goldilocks Moment for the Pot Business?

By | November 18th, 2016|News, The Advisor, The Advisor Video|Comments Off on California Marijuana Legalization: A Goldilocks Moment for the Pot Business?

November 2016 Twenty years ago, California voters were the first to decriminalize the use of medical marijuana. Tuesday, those voters approved Proposition 64, making California the largest single market for “legal” recreational marijuana use in the United States. With certification of that vote by the Secretary of State, the Adult Use of Marijuana Act will [...]

20 10, 2016

BFAS is in the News!

By | October 20th, 2016|News|Comments Off on BFAS is in the News!

Attorneys Olivia Marr, Marcus Kocmur, and Doug Large attended the Santa Barbara Courthouse Legacy Foundation miniature golf tournament last Friday. http://ow.ly/uts7305kVtl  

11 10, 2016

IRS Continues to Move Forward with Changes to Limit the Tax Benefits of Family Controlled Entities

By | October 11th, 2016|News, The Advisor, The Advisor Video|Comments Off on IRS Continues to Move Forward with Changes to Limit the Tax Benefits of Family Controlled Entities

Family controlled entities, which often take the form of a limited partnership or limited liability company, (FLP) are useful estate planning tools to help consolidate the ownership of multiple assets into one or more investment entities. The FLP is treated as disregarded a entity for income tax purposes and also provides estate tax advantages by [...]

8 09, 2016

C Corporation Startups: IRC Section 1202 – Qualified Small Business Tax Exclusions No Capital Gains Tax on Sale or Transfer

By | September 8th, 2016|News, The Advisor|Comments Off on C Corporation Startups: IRC Section 1202 – Qualified Small Business Tax Exclusions No Capital Gains Tax on Sale or Transfer

With long term capital gains tax rates up to 20% or more[1], forming a startup as a C corporation requires special consideration given the dual tax consequences.  Forming a C corporation may make sense, however, if it is a qualified small business (QSB) under Internal Revenue Code (IRC) Section 1202.  A C corporation qualifies as a QSB [...]

2 09, 2016

Car Life on the 101 Takes to the Streets, and Airwaves

By | September 2nd, 2016|News|Comments Off on Car Life on the 101 Takes to the Streets, and Airwaves

Congratulations to Monte Wilson and Car Life Productions – we are proud to be part of the team that got this show on the road! Click HERE to read the full article on Noozhawk.com