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What is Lease-Lease Back in Construction and How Has it Changed in 2017?

March 7th, 2017|Construction Law|

The Previous  Law:

The Lease-Lease Back construction law authorizes a school district to lease a school site to a contractor for a token amount (say for example $1), if the lease contract requires the contractor to construct, or provide for the construction of, a building to be used by the school district, so long as the title to the building would vest in the school district at the end of the lease.  The contractor will then build the school and lease it back to the district for up to 40 […]

Top 5 Wage and Hour Risks for California Employers

February 28th, 2017|Employment Law|

The new federal overtime rules, the misclassification of employees, and recordkeeping are among the top five wage and hour risks employers in California face, according to California attorney Marc Jacuzzi of the law firm Simpson, Garrity, Innes & Jacuzzi, PC.

Overtime Risks

In a recent session at BLR’s California Employment Law Update (CELU) in Costa Mesa, California, Jacuzzi told attendees that employers in California must comply with the new federal overtime rules that take effect December 1, 2016, and at the same time, they must comply with California’s wage and hour laws, […]

The Number One Reason Contractors Get Sued

February 13th, 2017|Construction Law|

You work hard, get a bid to be accepted as a contractor, do a good job building and still get sued. You ask yourself why. Read on to find out:

  1. Number one reason contractors get sued:
  • Payment Disputes: This could be in the context of commercial or residential projects; public or private contracts.
  • Typical scenario: Contractor does work, usually good work, client is happy.  Client makes changes, contractor fails to get the client’s approval to a change order showing it is OK that the price has increased because of the […]

Differences Between Corporations and Limited Liability Companies in Structure and Management

February 6th, 2017|Business Law|

So you want to start a new business and your accountant tells you to have an attorney form an LLC or Corporation. If there is no tax difference between the two, how do you know which one is better for your business?

Your attorney will probably guide you on which one provides better liability protection. But here is what you need to know as the business owner:

Corporations

  1. The owners are shareholders and receive stock certificates. The shareholders elect the board of directors annually.
  2. The board of directors sets the general direction […]