Serving on a nonprofit board is an honor—but it comes with serious responsibilities. The legal and ethical expectations for directors and officers remain rooted in core fiduciary principles, and enforcement and scrutiny continue to be strong. Here’s what every board member should keep in mind:
Key Fiduciary Duties
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When Proposition 19 took effect, it altered longstanding rules about property tax assessments, especially in Ventura County. Homeowners over age 55, those with disabilities, and heirs all face new conditions when transferring property. If you own real estate in Ventura or plan to pass it on, it is essential to understand how these changes affect you.
Artificial intelligence is changing the way businesses recruit, screen, and evaluate candidates. From resume-sorting algorithms to video-interview analytics, technology now plays a major role in hiring decisions. In California, these tools bring new opportunities for efficiency, but they also raise questions about fairness and compliance. Let’s explore how state and federal laws apply to AI systems and how employers can…
Contracts are the foundation of business in California. They set expectations, define obligations, and provide a framework for working relationships. When drafted well, contracts protect both sides and reduce risk. When drafted poorly, they can lead to misunderstandings, delays, and costly legal battles.
The truth is, most contract disputes don’t come from outright dishonesty. They usually arise when agreements are…
Ventura County is home to a diverse range of thriving businesses across various industries — from agriculture and real estate to retail and professional services. Many of these companies are formed as partnerships, where two or more individuals pool their resources, skills, and vision to create something greater than they could achieve alone.
Without a well-drafted partnership agreement, however,…
With so many online tools promising quick, inexpensive estate plans, it’s tempting to think you can handle this important task from the comfort of your couch. But while online forms may seem convenient, they often leave out critical details—details that can make or break your estate plan in California.
At Schneiders & Associates, LLP, we’ve seen first-hand how “do-it-yourself”…
Planning your estate isn’t just about deciding who gets what—it’s about preserving your legacy and minimizing the tax burden on your loved ones. While California does not impose a state-level estate tax, your estate may still be subject to federal estate taxes, especially if its value exceeds the federal exemption. At Schneiders & Associates, LLP, we help California families…
One of the most important decisions you’ll make when starting a business in Ventura County is choosing the right legal structure. Your choice will impact how you’re taxed, your personal liability, how profits are distributed, and how you can grow in the future. At Schneiders & Associates, LLP, we guide entrepreneurs, professionals, and investors through entity selection with strategic,…
Many individuals financially support a variety of charities, and using their estate plan for this purpose is a powerful way to back the causes in which they believe. With the right planning in place, your estate can help the nonprofits and organizations that best align with your values.
Schneiders & Associates, LLP works with California individuals from all walks of…
In criminal law, second-degree murder charges can arise from negligent conduct that causes death. Similarly, the “murder” of an S corporation’s tax status often occurs through the negligent inaction of tax accountants and estate lawyers, leading to the inadvertent termination of its S-corporation status.
This termination “kills” the S corporation’s pass-through taxation feature, only for the entity to be “resurrected”…
