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Don’t Ignore the RULLCA Time Bomb

Don’t Ignore the RULLCA Time Bomb On January 1, 2014, the California Revised Uniform Limited Liability Company Act (“RULLCA”) came into effect. Many LLCs organized or operated in California have failed to take account of the drastic changes imposed by...

409A – A Brief Overview

Section 409A of the Internal Revenue Code imposes a complicated set of rules and requirements upon any “nonqualified deferred compensation plan.” Failure to comply with the requirements of Section 409A will result in an additional federal income tax of 20%. This 20%...