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Some businesses have exploited a property transfer loophole in Proposition 13 implementing statutes created by the California Legislature [9] that define what constitutes a change in property ownership. [10]
Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in the ...
Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms. The difference between the two is slight and mostly a matter of style: an LOI is ...
A net sheet is an itemized tally of all the associated costs and expenses the seller will incur as a result of the transaction, set against the sum the buyer (or prospective buyer) is paying for ...
She wants to change California's laws. Mackenzie Mays. January 3, 2025 at 3:00 AM. Mina Moynehan is shown in her San Diego backyard on Dec. 18, 2024. (Gina Ferazzi / Los Angeles Times)
The chosen name should be followed with a corporate identifier such as "Corp.", "Inc.", or "Co.". A preliminary name availability search is advisable prior to the submission of the Articles of Incorporation. In the case of online incorporation, the state will have the final say with regards to the name chosen for the company.
Movement is what’s known as an impact lender—meaning it commits at least 10% of its profits to go toward local donations—and was founded in 2008 with the goal of making positive change, not ...
In California, a ballot proposition is a referendum or an initiative measure that is submitted to the electorate for a direct decision or direct vote (or plebiscite). If passed, it can alter one or more of the articles of the Constitution of California , one or more of the 29 California Codes , or another law in the California Statutes by ...
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