Please note: The material in these articles, provided by Chauvel & Glatt, is designed to provide informative and current information as of the date of the posts. The articles should not be considered, nor are they intended to constitute, legal advice. For information on your particular circumstances, please contact Chauvel & Glatt at 650-573-9500.
One of the main reasons to form a limited liability entity or a corporation is to avoid personal liability. When you follow all of the corporate formalities in forming a limited liability entity or corporation, you receive the benefit of limited liability. This means that you have limited personal liability for the company's debts or other liabilities. However, for every rule there is an exception. In this case, owners, shareholders, or members of a limited liability entity or corporation can be held personally liable if a piercing of the corporate veil occurs.
When creating your Trust, it goes without saying that you spend a considerable amount of time selecting a trusted family member or friend to serve as your Trustee. The California Probate Code provides that the Trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the Trust. To satisfy such a standard, the Trustee must exercise reasonable care, skill, and caution in investing and managing your trust assets.
Chauvel & Glatt wishes you and your family a very happy holiday season! We look forward to helping you, your family and businesses in the coming year with all your legal needs. May your 2015 be full of good health, happiness, success and laughter.
2014 is coming to an end and at some point we all create New Year resolutions. One of your New Year resolutions should be to complete your estate planning if you have not done so already. Why wait when you can start off the year with the peace of mind that you have this task completed?
As we informed you back in September, Governor Brown recently enacted the Health Workplaces, Healthy Families Act of 2014 which requires all Employers, regardless of size or number of employees, to provide paid sick leave to employees beginning July 1, 2015. While this law does not take effect until July, the California Division of Labor Standards Enforcement (DLSE) just came out with the new Sick Leave Poster that must be posted in the workplace by January 1, 2015 informing employees of this new change in the law. The DLSE also update the Notice to Employee template to include information on this new law upon the hiring of a new employee. For more information on compliance with this new law, please feel free to contact us.