Mark Lobb

The Lobb Report Volume 1 – 2025 Legal Updates for Business Owners

Authored by Mark Lobb The first quarter of the year is over, which means tax deadlines have passed, and more are on the horizon. Partnerships and S corporation extender returns are due September 15, and individuals, sole proprietorships, and C corporation extenders are due on October 15. This issue of The Lobb Report focuses on: […]

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What Employers Need to Know for 2025 Compliance

California’s Pay Data Reporting: What Employers Need to Know for 2025 Compliance

Authored by Sara MostafaCalifornia’s pay data reporting requirements mandate private employers with 100 or more employees, including those hired through labor contractors, with at least one employee or worker based in California, to annually report pay, hours worked and demographic data to the California Civil Rights Department (CRD). The CRD recently released updated guidance for

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California Business Insurance Law and Its Implications

Operating a business in California comes with specific legal requirements that are necessary for staying protected. Understanding California business insurance law and its implications involves knowing which insurance coverage is required of your business. Since 2013, total direct premiums in California have increased by 71%, showing significant growth in the local insurance market. Navigating the

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What is transactional business law?

Difference Between Simple Contracts and Formal Contracts (2025)

Contracts are necessary in today’s world, but the difference between simple contracts and formal contracts can be confusing. Not having a contract that’s appropriate for the situation can lead to misunderstandings or even being exploited. If you don’t own or operate a business, it’s easy to think that you may not have much need for

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Estate Planning Changes Under American Housing & Economic Act (AHEA) 2024

The Lobb Report – Summer 2024 – Estate Planning Changes Under American Housing & Economic Act (AHEA) 2024

Authored by Mark Lobb Most estate tax planners and their clients have been focused on the expiration of the Tax Cuts and Jobs Act (TCJA).  The TCJA expires at the end of 2025.  In 2025, the gift and estate tax exclusions will exceed $14 million per person.  On January 1, 2026, the gift and estate

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Ensuring Trust Integrity: The Vital Role of Trust Protectors

Ensuring Trust Integrity: The Vital Role of Trust Protectors

Authored by Haley Price Trust protectors play a key role in the administration and maintenance of trusts. They provide greater flexibility and a layer of oversight that not only enhances the longevity and effectiveness of trusts, but also ensures that the grantors’ wishes are honored over time. Trust protectors are appointed to oversee the trustee’s

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The Lobb Report Volume 3 - 2024 Legal Updates for Business Owners

The Lobb Report Volume 3 – 2024 Legal Updates for Business Owners

Authored by Mark Lobb The first quarter of the year is over, which means tax deadlines have passed and more are on the horizon.  Individual returns are due April 15, partnerships and S corporation extenders are due September 16, and individuals, sole proprietorships, and C corporation extenders are due on October 15. This issue of

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Procedures for Successor Trustee Following Death of Grantor

Procedures for Successor Trustee Following Death of Grantor

Authored by Kristin Gifford Stepping into the role of a successor trustee after the grantor’s death entails immediate concerns and the crucial task of organizing the estate.  From legal obligations to financial matters, this introduction outlines the essential procedures and considerations for the successor trustee in navigating the complexities of post-mortem responsibilities while upholding the

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