• What Should LLC Managers Get Paid?

    By: Tamara B. Pow, Esq. A question I am frequently asked by LLC owners how LLC managers should get paid? A limited liability company operating agreement should clearly outline payments to both Managers and their affiliates, since these payments are typically made before a determination of whether cash is available for distribution to members. If […]

  • Consider Carefully the Powers Granted to LLC Managers!

    By: Tamara B. Pow, Esq. When starting an LLC, carefully consider the powers granted to an LLC manager. Your operating agreement should have customized provisions regarding what the manager(s) can and cannot do – do not just accept some form language. As an LLC attorney, I encourage my clients to carefully consider the powers that […]

  • Electing and Removing LLC Managers – What You Need to Know

    By: Tamara Pow, Esq. Beware of LLC Managers that can’t be removed! As a business attorney, I work with many LLCs in San Jose and the Bay Area. Some of those have had to remove their LLC manager for one reason or another. I cannot overemphasize the importance of having operating agreement provisions in place […]

  • Corporation Alert! New Statement of Information Forms

    By: Tamara Pow, Esq. The California Secretary of State has updated business entity forms yet again this year. In July I wrote a blog referencing the changes to certain LLC forms including the Articles of Organization, Certificate of Dissolution, Certificate of Cancellation and the Short Form Certificate of Cancellation. The Secretary of State is at […]

  • Bob Hawn presenting to the Internet & Privacy Law Committee on November 8th

    Bob Hawn will be presenting a seminar on Website Terms of Use and Contract Formation to the State Bar of California’s Internet and Privacy Law Committe on November 8th.

  • Should your LLC be Member Managed or Manager Managed? Don’t take this critical decision lightly.

    By: Tamara Pow, Esq. One of the first decisions you have to make when you decide to form a limited liability company is whether the company will be managed by the members or by one or more managers. This decision is so important, it is one of the very few items of information the California […]

  • Online Agreements: Size Matters!

    By: Robert Hawn, Esq. I recently had the opportunity to speak on a panel at the State Bar of California Annual Meeting to discuss doing business online. As a technology lawyer practicing in the San Francisco Bay Area, I constantly advise clients on their online activities. One of the most common issues is creating terms […]

  • California Conforms to New Tax Due Dates – Update your Agreements!

    By: Tamara B. Pow, Esq. On December 8, 2015 I published a blog about new federal partnership tax return filing deadlines . At that time, the IRS had just announced that partnership and S corporation returns will be due 2 ½ months after year end, or on March 15 th if the partnership is on […]

  • LLC Operating Agreements – Failure to Contribute, Part II

    By: Tamara B. Pow, Esq. What do you do if your LLC needs capital and a Member fails to contribute their share? The question of “What if the Company needs more money?” was addressed in Part I of this blog . If it is at all possible that the LLC will need additional funds in […]

  • Strategy Law is sponsoring C2SV

    Strategy Law is proud to be a sponsor of Creative Convergence Silicon Valley (C2SV) , a cutting edge conference bringing together business disrupters and technology luminaries along with established and emerging musical artists for two days of forward looking discussions and three nights of music and parties. C2SV is taking place this weekend (October 6-8) […]