July 2023

Authored by Mark Lobb “Play by the rules but be ferocious.” (Phil Knight).  This edition of the Lobb Report provides you with some new rules. In the dynamic world of commerce, laws concerning businesses and business owners are evolving, impacting how closely held companies operate.  As a responsible business owner, staying abreast of changes in […]

Authored by Mark Lobb At the end of June 2023, the California Senate and Assembly passed legislation which will eliminate the use of incomplete non-grantor trusts (ING or INGs) to prevent California taxpayers from incurring California state tax under certain circumstances (SB 131).  California SB 131 tracks New York legislation (Part Q of the Fiscal