Accountancy Corporations Must Obtain Their Own License

Under Business and Professions Code sections 5035 and 5050(a), accountancy corporations must be licensed much in the same manner as an individual practicing public accountancy.  Specifically: 5035. “Person” includes individual, partnership, firm, association, limited liability company, or corporation, unless otherwise provided. 5050. (a) Except as provided in subdivisions (b) and Read more…

Buy-Sell Agreements

A buy-sell agreement is an agreement between the owners of a business to purchase and sell interests of the business at a pre-determined price upon the occurrence of anticipated or potential future events. These triggering events generally include death, disability, bankruptcy, divorce, retirement, an offer to purchase, and termination of Read more…