Depending on your business structure, the retirement or death of an owner could have an impact on your CRA business accounts. Show
For GST/HST account information, go to Closing a GST/HST account. Sole proprietorshipWhen the owner of a sole proprietorship passes away, a final personal income tax and benefit return has to be filed for that person. For more information, go to What to do when someone has died. It will also be necessary to close the business number (BN) and all CRA business accounts after all the final returns and all the amounts owing have been processed. Many Californians are self-employed or own their own small business. If you are among this group, it is important to make appropriate provisions in your estate planning, especially if you have partners, employees, or family members who need to continue the business after your death. The type of planning required will depend on the specific legal structure of your business. Sole Proprietorships A sole proprietor is anyone who is self-employed and does not incorporate his or her business. This can include anything from a work-at-home consultant to someone who operates a retail store with multiple employees. Basically, if you file a Schedule C with your federal tax return and you do not have any partners, you are a sole proprietor. While sole proprietorships are popular because they require little in the way of legal paperwork to get started, such businesses also lack a separate legal identity from their owners. In other words, when you die, the sole proprietorship basically dies with you. California law allows the personal representative of a deceased sole proprietor to “continue the operation” of the business for up to six months without a court order. Your personal representative may also petition the probate court to “discontinue” the business. Depending on the type of business, the personal representative may be able to sell its assets and distribute the proceeds to your heirs or beneficiaries. Partnerships A partnership broadly refers to any unincorporated business with two or more owners. While many partnerships operate under a written agreement, it is not legally necessary. For example, if you and your sister decide to open a bakery together and split the costs and profits equally, you are now in a partnership. Ideally, even in a business among family members, there is a written partnership agreement specifying how the survivors should proceed in the event of one partner’s death. For instance, an agreement may direct the surviving partner to buy out the decedent’s share of the business for its appraised fair-market value. Absent any partnership agreement, however, a California probate court may authorize the estate’s personal representative to “continue as” a partner in place of the decedent. Limited Liability Companies A limited liability company (LLC) is a business that has separate legal existence from its owners (who are called “members”) although it is treated as a sole proprietorship or partnership for tax purposes. An LLC may be formed by one or more persons. As with partnerships, it is good practice for LLCs to have a written agreement providing for what to do when a member dies. If there is no such provision, California law states a member is “disassociated” from the LLC upon death. In such cases the personal representative or executor “may exercise all of the member’s rights for the purpose of settling the member’s estate.” If the LLC only has one member, and that person dies, the membership interest may pass according to the terms of their will or trust or, barring that, to the appropriate heir under California intestacy law. Corporations A corporation is considered a completely separate legal and tax entity from its individual owners (shareholders). This means that when you die, your shares in the company simply pass under your estate plan or intestacy law. The corporation itself continues to exist without any interruption. Get Help From a California Estate Planning Attorney This is only a brief overview of how death can affect your business interests. Every situation is unique, which is why you need to speak with a qualified San Diego estate planning lawyer who can advise you on your specific needs. Contact the Law Office of Scott C. Soady to speak with an attorney today. #AB5 #California #employment law #FTB #LLC #minimum wage #non-compete agreement #sales tax #taxes #Texas #U.S. income tax #weather California v. Texas: Which is Better for Business? [313]Through a five-round championship bout, Matt travels to Texas from California to determine which state is better for business. Will it be a knockout with a clear winner or will it go to the scorecards? September 26, 2022 #blunders #diy legal #employment law #misclassification #partnership #podcast #small business More Than a Mistake: Business Blunders to Avoid [312]Covered in this episode of Legally Sound Smart Business are some typical business mistakes blunders small businesses often make and how to avoid them. Blunder #1: Copying and pasting agreements It may sound like a good idea at the time, but this blunder comes with hidden pitfalls. Having an attorney draft terms that are specific… Read More > June 16, 2021 #business #general partnerships #partnership How Partnerships Can Make or Break a Business [e140]Nasir and Matt kick off the week by diving into the topic of partnerships and the important things to remember before forming the partnership. January 19, 2015 Explaining the Hans Niemann Chess Lawsuit v. Magnus Carlsen [e320]https://media.blubrry.com/lssb/pashalaw.com/show/files/Nieman-v-Carlson-Chess-e320.mp3 Podcast: Download October 28, 2022 #Cheating #Chess #Chess.com #defamation #Hans Neimann #lawsuit #Magnus Carlsen #Scandal Full Podcast Transcript NASIR: Finally, my two favorite worlds have collided – both the law and the chess – right here at Memorial Park in Houston, Texas. Windy day. We have some background noise – ambient noise. What are the two worlds that collided? Well, Hans Neimann has sued Magnus Carlsen for defamation in one… Read More > California v. Texas: Which is Better for Business? [313]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode313.mp3 Podcast: Download September 26, 2022 #AB5 #California #employment law #FTB #LLC #minimum wage #non-compete agreement #sales tax #taxes #Texas #U.S. income tax #weather Through a five-round championship bout, Matt travels to Texas from California to determine which state is better for business. Will it be a knockout with a clear winner or will it go to the scorecards? Buyers vs. Sellers: Negotiating Mergers & Acquisitions [e319]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode319.mp3 Podcast: Download July 7, 2022 #Acquisitions #Business law #Buyers #capital #Closing #due diligence #Go Shop Periods #Legally Sound Smart Business #Letter of Intent #Mergesrs #negotiation #No Shop Periods #podcast #Seller #Warranties and Representations Whether you are buying or selling a business, the transaction goes through the same steps. However, they are viewed from different perspectives. Sellers may not want to fully disclose all the blind spots while Buyers will want otherwise. Nasir and Matt battle it out in this Buyer vs. Seller to determine who has the advantage!… Read More > Employers vs. Employees: When Are Employment Restrictions Fair? [e318]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode318.mp3 Podcast: Download May 12, 2022 #Amazon #Business law #Coca Cola #Confidentiality #employees #employers #employment law #Legally Sound Smart Business #Non-Compete #Non-Poaching #Non-Solicitation #Poaching #podcast #Trade secrets When it comes to Restrictive Covenants, employers are fighting to keep their company safe while employees may use them to their advantage. Keep listening to find out if the Employer or the Employee wins this battle. Round 1: Trade Secrets A company’s trade secrets encompass a whole range of information and are one of the… Read More > Vaccine Mandates Supreme Court Rulings [E317]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode317.mp3 Podcast: Download February 14, 2022 #covid-19 #Supreme Court #vaccine mandates The Supreme Court rejected the nation’s vaccine mandate. Businesses with 100 or more employees are NOT required to have their employees vaccinated or go through weekly testings. However, this policy remains in effect for health care facilities. In this episode of Legally Sound | Smart Business, the team sat down to discuss their thoughts on this ruling. Business of Healthcare [e316]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode316.mp3 Podcast: Download December 1, 2021 #Business law #dr. death #employees #employment law #healthcare #theranos In this episode of Legally Sound | Smart Business by Pasha Law PC, Nasir and Matt cover the Business of Healthcare. There is more to the healthcare industry than just doctors and nurses. Many Americans have health insurance to cover their yearly needs, but most Americans are not aware of what really goes on behind… Read More > Social Media and the Law [e315]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode315.mp3 Podcast: Download October 12, 2021 #Business law #Celebrity Endorsement #employment law #social media In our latest episode, Nasir and Matt are covering the legal issues on Social Media. The average person spends most of their day on social media, whether they are scrolling for hours or publishing their own content. However, just because you publish your own content on Instagram does not equate to you owning that image…. Read More > Defining NDA Boundaries: When does it go too far? [e314]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode314.mp3 Podcast: Download September 28, 2021 #Business law #employment law #NDA #non-disclosure agreement #Small Business Owners What is a Non-Disclosure Agreement, and when do I need one? In this episode, Nasir and Matt shares why you need to use Non-Disclosure Agreements, basic facts about NDA’s, and discuss about the infamous Jenner-Woods story. Having the right Non-Disclosure Agreement in place not only protects you and your business, but it also makes the… Read More > More Than a Mistake: Business Blunders to Avoid [312]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode312.mp3 Podcast: Download June 16, 2021 #blunders #diy legal #employment law #misclassification #partnership #podcast #small business Covered in this episode of Legally Sound Smart Business are some typical business mistakes blunders small businesses often make and how to avoid them. Blunder #1: Copying and pasting agreements It may sound like a good idea at the time, but this blunder comes with hidden pitfalls. Having an attorney draft terms that are specific… Read More > Is There a Right Way to Fire an Employee? We Ask the Experts [311]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode311-1.mp3 Podcast: Download February 4, 2021 #California law #employment law #HR Law #Texas law #U.S. Department of Labor How you terminate an employee can make the difference between a graceful transition to avoidable negative outcomes like a dramatic exit or even a lawsuit. We gathered a panel of experts and asked them – is there a “right way” to fire an employee? We would like to thank our guests for this episode: Amr… Read More > The New Frontier: Navigating Business Law During a Pandemic [310]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode310.mp3 Podcast: Download December 2, 2020 #CARES ACT #coronavirus #covid testing #COVID19 #EEOC #employment law #health care law #Mask Order #ppp #risk management The COVID-19 pandemic has turned nearly every aspect of life on its head, and that certainly holds true for the business world. In this episode, Matt and Nasir explain how the early days of the pandemic felt like the Wild West and how the shifting legal playing field left a lot open to interpretation and… Read More > Wrap Up | Behind the Buy [8/8] [309]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode309.mp3 Podcast: Download November 16, 2020 #Behind the Buy #Business Broker #business buying process #business purchase #due diligence #Escrow #lease agreement #Letter of Intent #LOI #purchase agreement After plenty of ups and downs, our buyer has finally closed on the purchase of their business. While we’re marking this down in the ‘wins’ column, it never hurts to review the game tape. In this final episode, our hosts, Matt Staub and Nasir Pasha, return to the deal almost a year later to reflect… Read More > Is it all over? | Behind the Buy [7/8] [308]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode308.mp3 Podcast: Download September 15, 2020 #Behind the Buy #Closing #Escrow #lease agreement #trademark protection The ink is drying on the signature line and things are looking great for our buyer. After so much hard work, the finish line is in sight and the cheering within ear shot. Though the landlord is still serving friction, things seem safe to move forward and for now, our buyer will be keeping… Read More > Fight for Your [Trademark] Rights | Behind the Buy [6/8] [307]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode307.mp3 Podcast: Download July 31, 2020 #Behind the Buy #Closing #Coexistence Agreement #Escrow #trademark #trademark infringement #trademark protection Though things are coming along well, the journey would not be interesting if it was purely smooth sailing. After our buyer opens escrow, they are forced to push the closing date back when suddenly a letter from an attorney was received claiming the business, we are buying has a trade mark on the name! Now… Read More > They Let It Slip | Behind the Buy [5/8] [306]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode306.mp3 Podcast: Download June 12, 2020 #APA #Behind the Buy #Non disclosure #Non-Compete #Personnel #UCC Lien With frustration at an all-time high and professionalism at an all-time low, our friend the Buyer has “had it” with the Seller and quite frankly their lack of knowledge. At present our Buyer is rightfully concerned that the latest misstep from our loose-lipped Seller will threaten not only the entire operation of the businesses but… Read More > Mo’ Investigation Mo’ Problems | Behind the Buy [4/8] [305]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode305.mp3 Podcast: Download May 11, 2020 #Behind the Buy #Business Broker #business purchase #commercial lease #due diligence #Escrow #lease agreement #purchase agreement As we go deeper into the buying process, we start to uncover more challenges from our seller and encounter some of the wrenches they are tossing our way. When we last left off in episode three our team was knee deep in due diligence for our buyer, had already penned and signed the Letter of… Read More > Broker or Joker | Behind the Buy [3/8] [304]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode304.mp3 Podcast: Download April 4, 2020 #Behind the Buy #Business Broker #due diligence #Escrow #Letter of Intent #LOI One word–interloper! When a new mysterious broker enters the transaction and starts to kick up dust, Nasir and Matt take the reins. The seller signed off on the letter of intent (see episode 2), yet this “business broker” serves only friction and challenges by refusing to send financials, whilst demanding more of a firm commitment… Read More > Intentions Are Nothing Without a Signature | Behind the Buy [2/8] [303]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode303-1.mp3 Podcast: Download April 4, 2020 #Behind the Buy #Letter of Intent #LOI #no-shop provision Just as most stories and deals start out, everyone is optimistic, idealistic and full of hope for clear skies. It’s a perfect outlook with a perfect setup for the ups and downs yet to come. Peek further behind the curtain and into the first steps of buying a business: the letter of intent. After the… Read More > From First Steps to Final Signatures | Behind the Buy [1/8] [302]https://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode302.mp3 Podcast: Download April 4, 2020 #Behind the Buy #business buying process When a savvy buyer hears opportunity knocking to purchase a prime positioned business, she decides not to go it alone and taps in the professionals to help navigate what could potentially be a fruitful acquisition. “Behind the Buy” is a truly rare and exclusive peak into the actual process, dangers, pitfalls and achievements, that can… Read More > The Dark-side of GrubHub’s (and others’) Relationship with Restaurants [e301]http://media.blubrry.com/lssb/pashalaw.com/show/files/lssb-episode301.mp3 Podcast: Download August 7, 2019 #business litigation #grubhub #Legally Sound Smart Business #podcast #restaurant #restaurant discrepancy GrubHub is subject to two “matters of controversy” that have likely become common knowledge to business owners: “fake” orders and unfriendly microsites. Ultimate Legal Breakdown of Internet Law & the Subscription Business Model [e300]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode300.mp3 Podcast: Download May 28, 2019 #blogger #Subscription box #subscription box service #subscription model #Subsummit #SUBTA #Terms of Service In this podcast episode, Matt and Nasir breakdown the legal issues of the subscription industry’s business on the internet. Resources A good 50-state survey for data breach notifications as of July 2018. California Auto-Renewal Law (July 2018) Privacy Policies Law by State Why Users of Ashley Madison May Not Sue for Data Breach [e210] Ultimate… Read More > Why the Business Buying Process is Like a Wedding?: A Legal Guide [e299]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode299.mp3 Podcast: Download March 12, 2019 #asset sale #Behind the Buy #Brokers #business buying process #company equity #due diligence #equity #Escrow #liability protection In recording this episode’s topic on the business buying process, Matt’s metaphor, in comparing the process to getting married probably went too far, but they do resemble one another. Listen to the episode for legal advice on buying a business. Will Crowdfunding and General Solicitation Change How Companies Raise Capital? [e298]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode298.mp3 Podcast: Download December 3, 2018 #506(c) #5069(b) #capital #crowdfunding #general solicitation #GoFundMe #investors #Kickstarter #SEC Regulation Nasir and Matt return to discuss the different options available to companies looking to raise funds through general solicitation and crowdfunding. They discuss the rules associated with the various offerings under SEC regulations and state laws, as well as more informal arrangements. The two also discuss the intriguing story about a couple who raised over… Read More > Pirates, Pilots, and Passwords: Flight Sim Labs Navigates Legal Issues (w/ Marc Hoag as Guest) [e297]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode297.mp3 Podcast: Download July 24, 2018 #cybersecurity #data breach #Data Leak #Flight Sim Labs #Pirated Software #Public Relations Flight Sim Labs, a software add-on creator for flight simulators, stepped into a PR disaster and possibly some substantial legal issues when it allegedly included a Trojan horse of sorts as malware to combat pirating of its $100 Airbus A320 software. The hidden test.exe file triggered anti-virus software for good reason as it was actually… Read More > Facebook, Zuckerberg, and the Data Privacy Dilemma [e296]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode296.mp3 Podcast: Download April 17, 2018 #Congress #Cyber Security #Data Leak #Facebook #Terms of Service #user agreement Attorneys Matt Staub and Nasir Pasha examine Mark Zuckerberg’s congressional hearings about the state of Facebook. The two also discuss Cambridge Analytica and the series of events that led to the congressional hearings, the former and current versions of Facebook’s Terms of Service, and how businesses should be handling data privacy. Full Podcast Transcript NASIR:… Read More > What To Do When Your Business Is Raided By ICE [e295]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode295.mp3 Podcast: Download March 10, 2018 #Bay Area #Bilingual Workplace #Federal law #H-1B Visa #I.C.E. #ICE Audit #immigration #judicial subpoena The Trump presidency has led to a major increase in ICE immigration enforcement. It’s critical for business owners to both comply with and know their rights when it comes to an ICE audit or raid. Nasir, Matt, and Pasha Law attorney Karen McConville discuss how businesses can prepare for potential ICE action and how to… Read More > General Contractors & Subcontractors in California – What you need to know [e294]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode294.mp3 Podcast: Download February 5, 2018 #California law #Contractor liability #General Contractors #Joint Liability #U.S. Department of Labor New years always bring new laws. Effective January 1, 2018, California has made general contractors jointly liable for the unpaid wages, fringe benefits, and other benefit payments of a subcontractor. Nasir and Matt discuss who the new law applies to and how this affects all tiers in the general contractor-subcontractor relationship. Click here to learn… Read More > Mattress Giants v. Sleepoplis: The War On Getting You To Bed [e293]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode293.mp3 Podcast: Download January 2, 2018 #Affiliate Marketing #casper mattress #free speech #Negative Online Review #SEO #sleepoplis #Tech Startup With a seemingly endless amount of new mattress options becoming available, it is unsurprising that the market has become increasingly aggressive. As companies invest in more innovative solutions to get in front of customers, review sites, blogs and YouTube videos have moved to the forefront of how customers are deciding on their mattresses and how… Read More > The Harassment Watershed [e292]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode292.mp3 Podcast: Download December 7, 2017 #company culture #Roger Moore #sexual harassment #Sexual Harassment Training #Silence Breakers #Trump #Weinstein In recent months explosive amounts of high profile allegations of sexual harassment, assault, and varying acts of inappropriate behavior have transcended every sector of our professional world. With a deluge from Hollywood and politics, and the private workforce, accusations have inundated our feeds and mass media. This harassment watershed has not only been felt within… Read More > Investing and Immigrating to the United States: The EB-5 Green Card [e291]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode291.mp3 Podcast: Download November 16, 2017 #business immigration #eb-5 #foreign direct investment #immigration #investments #Visa #Visa Program If you are not familiar with the EB-5 program started in 1990 to give green cards to certain qualified investors in the United States, then you may not have been alone a few years ago. Currently, the EB-5 program has since exploded since its inception and now hits its quotas consistently each year. The program… Read More > Responding to a Government Requests (Inquiries, Warrants, etc.) [e290]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode290.mp3 Podcast: Download October 10, 2017 #data breach #Data Leak #discrimination #legal compliance #non-disclosure agreement #privacy policy Government requests come in multiple forms. They can come in as requests for client information or even in the form of investigating your company or your employees. Requests for Client Information General Rule to Follow Without understanding the nuances of criminal and constitutional law and having to cite Supreme Court cases, any government requests for… Read More > Ultimate Legal Breakdown: Employee Dress Codes [e289]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode289.mp3 Podcast: Download August 24, 2017 #California Employers #deaf employee #disability #Employee Complaints #Employee Contract #employee dresscode #Gender Discrimination #gender identity #reasonable accommodation #Tattoos Nasir and Matt suit up to talk about everything pertaining to employee dress codes. They discuss the Federal laws that govern many rules for employers, as well as state specific nuances in California and other states. The two also emphasize the difficulty in identifyingreligious expression in dress and appearance, how gender-related dress codes have evolved… Read More > Ultimate Legal Breakdown: Negative Online Reviews [e288]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode288.mp3 Podcast: Download June 28, 2017 #Google #Negative Online Review #Reputation Management #Reviews #Ripoff Report #Yelp Nasir and Matt discuss the life cycle of a negative online review. They talk about how businesses should properly respond, how to determine if the review is defamatory, the options available to seek removal of the review, how to identify anonymous reviewers, whether businesses can require clients to agree not to write negative reviews, and… Read More > Ultimate Legal Breakdown: Social Media Marketing [e287]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode287.mp3 Podcast: Download June 7, 2017 #Facebook #Fyre Festival #instagram #legal #social media #social media marketing #Social Media Promotions #sunny co. #The Lion's Share Podcast #Top Influencers On this episode of the Ultimate Legal Breakdown, Nasir and Mattbreak down social media marketing withguests Tyler Sickmeyer and Kyle Weberof Fidelitas Development. They first discuss contests and promotionsand talk about where social media promotions can go wrong,when businesses are actually running an illegal lottery, and the importance of a soundterms and conditions. Next, they… Read More > Ultimate Legal Breakdown: Subscription Box Businesses [e286]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode286.mp3 Podcast: Download April 3, 2017 #blogger #Investment #subscription box service #subscription model #Subsummit #SUBTA #Terms of #The Ultimate Legal Breakdown #trademark infringement On this episode of the Ultimate Legal Breakdown, Nasir and Matt go in depth with the subscription box business. They discuss where subscription box companies have gone wrong(4:30), the importance of a specifically tailored terms and conditions(6:30), how to structure return policies (11:45), product liability concerns (14:45),the offensive and defensive side of intellectual property (19:00),… Read More > Can Companies Protect Against Foreseeable Misuse of Apps [e285]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode285.mp3 Podcast: Download February 1, 2017 #App development #Apple #Face Time #Garrett Willhelm #Moriah Modisette #Tech Culture Nasir and Matt discuss the suit against Apple that resultedfrom a car crashed caused by the use of FaceTime while driving. They also discuss howforeseeable use of apps can increase liability for companies. Full Podcast Transcript NASIR: Hi and welcome to Legally Sound Smart Business! I’m Nasir Pasha. MATT: And I’m Matt Staub. Two attorneys… Read More > When Using Celebrity Deaths for Brand Promotion Crosses the Line [e284]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode284.mp3 Podcast: Download January 5, 2017 #Carrie Fischer #Celebrity Endorsement #Celebrity Likeness #Right to Publicity #social media The guys kick in the new year by first discussing Cinnabon’s portrayal of Carrie Fisher as Princess Leia soon after her death, as well as other gaffes involving Prince and David Bowie. They alsotalk about right of publicity claims companies could be held liable for based on using someone’s name or likeness for commercial gain. Are Employers Liable When Employees Are Accused of Racism? [e283]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode283.mp3 Podcast: Download December 22, 2016 #Apple #discrimination #HR #Human Resources #Racial Profiling #Small Business Owners #Victoria's secret Nasir and Matt discuss the recent incidentat a Victoria’s Secret store where the store manager kicked out all black women after one black woman was caught shoplifting. They then each present dueling steps businesses should take when employees are accused of harassment. How Businesses Should Handle Unpaid Bills from Clients [e282]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode282.mp3 Podcast: Download December 8, 2016 #AP #AR #Collections #Debt #Joint Liability #Managing Debt #Money #small claims court #U.S. Department of Labor Nasir and Matt return to talk about the different types of clients that may have outstanding invoices and how businesses can convert unpaid bills to getting paid. Can Employers Implement English Only Policies Without Discriminating? [e281]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode281.mp3 Podcast: Download November 10, 2016 #Bilingual Workplace #Country of Origin #discrimination #EEOC #employment discrimination #Human Resources #ron schneider #small business After a long break, Nasir and Matt are back to discuss a Milwaukee frozen custard stand that is now revising it’s English only policy for employees. The guys also discuss how similar policies could be grounds for discrimination and what employers can do to revise their policies. Why You May No Longer See Actors’ Ages on Their IMDB Page [e280]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode280.mp3 Podcast: Download October 6, 2016 #Ageism #discrimination #Entrepreneurship #Hiring #Leadership #Management #Recruiting #technology The guys discuss the new California law that allows actors to request the removal of their date of birth and birthdays on their IMDB page and why they think the law won’t last. They also discuss how age discrimination claims arise for business owner. Airbnb’s Discrimination Problem and How Businesses Can Relate [e279]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode279.mp3 Podcast: Download September 29, 2016 #ACLU #Airbnb #anti-discrimination law #black voices #discrimination #Laura W. Murphy #LGBT #racial inequality #Terms of Service #Travel #Travel News Nasir and Matt discuss the racial discrimination claims surroundingAirbnb and how it’s handled the situation. They also discuss some practical tips for businesses experiencing similar issues. What To Do When Your Amazon Account Gets Suspended [e278]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode278.mp3 Podcast: Download September 8, 2016 #Account Suspended #Amazon #Amazon Appeal #Lifetime Ban #Policy Violation #Sellers Account Nasir and Matt discuss whyAmazon seller accounts are getting suspended and banned without notice and how business owners can rectify this situation through a Corrective Action Plan. How Independent Artists Reacted to Fashion Mogul Zara’s Alleged Infringement [e277]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode277.mp3 Podcast: Download August 25, 2016 #Graphic Design #Indie Artist #intellectual property #trademark #Tuesday Bassen #Zara Nasir and Matt talk about the accusations surroundingfashion giant Zararipping off the designs of independent artists like Tuesday Bassen and howsmaller companies can battle the industry giants. Can Brave’s Ad Replacing Software Defeat Newspapers and Copyright Law? [e276]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode276.mp3 Podcast: Download August 18, 2016 #Brave Browser #Brave Software #Brendan Eich #NAA #New York Times #SEO Nasir and Matt discuss Brave Software’s ad replacing technology that has caught the eye of almost every national newspaper and has a potential copyright infringement claim looming. They also welcome digital marketing expert Matt Michaelree to speak on the specifics of what Brave is attempting to do and whether it has the answers moving forward. Why The Roger Ailes Sexual Harassment Lawsuit Is Far From Normal [e275]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode275.mp3 Podcast: Download July 28, 2016 #fox news #Gretchen Carlson #Megyn Kelly #Roger Ailes #sexual harassment Nasir and Matt discuss the sexual harassment lawsuit filed by Gretchen Carlson against Fox CEO Roger Ailes. They also talk aboutthe importance of sexual harassment training and properly handling such allegations in the office. How Starbucks Turned Coveted Employer to Employee Complaints [e274]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode274.mp3 Podcast: Download July 15, 2016 #Employee Complaints #Starbucks Nasir and Matt talk about the changes at Starbucks that have led to many disgruntled employees and customers. Can a Business Be Held Liable for Crimes Committed by Clients? [e272]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode272.mp3 Podcast: Download June 23, 2016 Nasir and Matt discuss the criminal charges facing FedExinvolving the alleged transportation of illegal drugs. They also talk about how business owners should address working with customers that may be breaking the law. Why Yahoo Is Auctioning Off Over 3,000 Patents [e271]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode271.mp3 Podcast: Download June 15, 2016 The guys return after a long break to discuss why Yahoo is auctioning off over 3,000 patents and how this decision will affect the longevity of the company. Why Millions of Employees May Now Be Entitled to Overtime Pay [e270]https://media.blubrry.com/lssb/www.pashalaw.com/show/files/lssb-episode270.mp3 Podcast: Download May 25, 2016 #DOL #Obama #overtime pay #U.S. Department of Labor Nasir and Matt discuss the increase in the salary thresholdfor exempt employees and how employerscan try to avoid paying overtime as a result. Which type of business organization does not end when the owner dies?Unlike sole proprietorships, corporations do not die automatically when a business owner dies. Instead, when a corporation owner dies, their estate becomes the new owner of the business.
When the owner of a sole proprietorship dies what becomes of the business?Sole proprietorships and S corporations: when the owner dies
If the business is a sole proprietorship, it ceases to operate upon the owner's death. Its assets and debts become part of the owner's holdings, and the estate is distributed according to the terms of the will.
What happens to business when owner dies in Philippines?The surviving partner is responsible to oversee the disposal of all business assets and compliance to government requirements on business cessation. The heirs are called upon to liquidate deceased partner's personal assets to pay off liabilities such as taxes, credits or debts.
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This business will continue even if one of the several owners dies or leaves.
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