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Social Security and Bankruptcy

By Rounds & Sutter LLP |

Supplemental Security Income (SSI) benefits and Social Security Disability insurance (SSDI) benefits are generally reserved for people who are unable to pay all of their bills without governmental assistance due to disability, age, or other reasons for limited income. Citizens who have worked for at least 10 years and are at least 62 years old… Read More »

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How to Form an LLC in CA

By Rounds & Sutter LLP |

An LLC, or limited liability company, is a standard business structure that affords protection from individual liability for business owners while offering the pass-through taxation enjoyed by sole proprietors or partnerships. It’s the perfect type of entity for many startup companies. To form an LLC, there are a number of legal hoops to jump through…. Read More »

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Components of a Letter of Intent

By Rounds & Sutter LLP |

A letter of intent (LOI) is a useful business document that records the terms discussed in negotiation for a particular transaction. In many cases, the LOI is meant to be a non-binding memorialization of the parties’ current position, to be followed by a final, binding agreement. Whether the LOI is meant to be binding or… Read More »

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How Coronavirus Can Affect Your Bankruptcy

By Rounds & Sutter LLP |

The COVID-19 coronavirus pandemic has led to significant economic hardship for millions of Americans. For many Americans already struggling with debt, the pandemic only made things worse. State and federal governments have offered some economic relief, however, in light of the pandemic, which might ease the burden even for debtors who were already in the… Read More »

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What is a Charge-Off Debt?

By Rounds & Sutter LLP |

Credit reports contain a variety of entries littered with legal and financial jargon. It can be difficult to know what each entry actually means, and what effect each entry has on your credit score. Many debtors who are struggling with payments discover that one of their debts has been converted into a “charge-off debt,” but… Read More »

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Does Bankruptcy Clear Tax Debt?

By Rounds & Sutter LLP |

Bankruptcy can be a vitally useful legal tool for consumers trying to get out from under crippling debt. Certain types of debts, however, can be more difficult to clear than others. How do state and federal taxes factor into a bankruptcy proceeding? Can they be discharged, or are they non-dischargeable in bankruptcy? Continue reading for… Read More »

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How to Stop Wage Garnishment in California

By Rounds & Sutter LLP |

Wage garnishment adds insult to injury when it comes to debt: A court order requires the debtor’s employer to withhold a portion of the debtor’s income and send it directly to the creditor. Debtors already struggling with debt lose the ability to even decide what to do with their paycheck. If you are facing wage… Read More »

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Top Provisions to Include in Corporate Bylaws

By Rounds & Sutter LLP |

California law requires corporations to establish and maintain a set of bylaws that dictate corporate governance. California does not require corporations to file these bylaws with the state, but they must be prepared and kept at either the executive offices or the corporation’s principal place of business. Below, we discuss some of the key provisions… Read More »

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LLC vs Corp in California

By Rounds & Sutter LLP |

One of the first and most significant decisions you will need to make when starting a business is choosing a corporate structure. If you plan to incorporate in California, you have several options available to you. Each type of corporate structure has advantages and drawbacks, and the optimal structure for you will depend on the… Read More »

Speaking Together

Are Verbal Contracts Legally Binding?

By Rounds & Sutter LLP |

We’ve all heard the old adage that “a man is only as good as his word.” Some people still like to reminisce about the “good old days” when a person’s “handshake was as good as a contract.” As business law attorneys with years of experience representing clients in commercial litigation and other disputes, we are… Read More »

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