Foreign individuals who intend to permanently reside in the U.S., or do not intend to reside in the U.S. but intend to own U.S. property, need considerable legal and tax planning. The definition of “U.S. property” for international tax purposes is a term of art and complex. This planning should be done in advance to […]
On August 2, 2016, the Treasury Department issued Proposed Regulations to Section 2704 of the Internal Revenue Code. These proposed regulations are directed at family controlled entities (many of which hold operating businesses and/or real estate), including corporations, partnerships and limited liability companies. These regulations, if finalized, will substantially limit or eliminate the ability to […]
Daniel Freedman wrote the op-ed “Twisting the Truth: The NIMBY Opposition to Second Units in L.A.”, published in Planetizen.
In Michael Gold’s commentary, Still Only Human, published in the July 18, 2016 edition of the Los Angeles Business Journal, he writes: “Cybercrime cost the world economy about $500 billion in 2015 and this year’s numbers will be even higher. The cost of data breaches is projected to reach $2.1 trillion globally by 2019. Worldwide […]
Rod S. Berman’s article, “Tax Incentives for Intellectual Property,” was published by the Bloomberg BNA Patent, Trademark and Copyright Journal on July 29, 2016. An excerpt follows: In the increasingly global world economy, the United States and other countries face an increasing challenge in attempting to remain attractive jurisdictions for the development and relocation of intellectual […]
Rod Berman’s article, “For Olympics, Must at Stake in Trademark Enforecment,” was published by BNA.com on Junly 26, 2016.
New Questions Arise as the Federal Minimum Salary Levels for Exempt Employees Will More Than Double on December 1, 2016 The U.S. Department of Labor (“DOL”) has issued new regulations which increase the minimum salary levels that employers must pay its salaried employees in order for them to be exempt from the Fair Labor Standards […]
Los Angeles area employers are now required by law to provide their employees with even more paid sick time off. On June 2, 2016 the City of Los Angeles passed a new ordinance (Ordinance No. 184320) (the “Ordinance”) requiring employers to provide employees working within the City of Los Angeles a minimum of 48 hours […]
Bob Braun’s article “Shake Up in Hotel Competition Standards: Key Takeaways” was published in Law360.
Cybercrime cost the world economy about $445 billion in 2014 and the 2015 numbers will be even higher. The cost of data breaches will reach $2.1 trillion globally by 2019. Worldwide spending on information security is estimated to reach $77 billion in 2015. In the midst of these astounding numbers, the role of the “human […]