A month from now, on July 1, employees will begin to accrue paid sick leave under the Healthy Workplaces, Healthy Families Act, also known as California Paid Sick Leave Law. The new law mandates that employees who work 30 or more days within a year in California be given at least 24 hours of paid sick leave annually. The law applies to all sizes of employers and includes part-time and temporary workers.
The New California Sick Leave Accrual Begins July 1st, 2015 – Are you ready?
Employers who already have paid sick leave or PTO policies in place should determine if their current policies meet the requirements of the law. Employers who do not currently offer paid sick leave should determine how they plan to implement the new requirements, including whether they plan to incorporate an accrual or lump sum method for providing the required leave. All employers should ensure that they have the appropriate notice and record-keeping procedures in place.
This is a question from a small business owner regarding her corporate finances.
We had a telephone call from one of our micro-business owners regarding finances with her business. She was enrolled in our Attorney on Call Program*. (Please note: this program has been discontinued)
Think of yourself as acting as the bank to your corporation…
As the questions come up fairly often, I thought I would do a short blog piece to provide the answers for others who may have the same questions.
If she has to put money back onto the corporate account to pay bills, how should she go about that?
Think of yourself as acting as the bank to your corporation. You are going to make a loan to the company. You want to keep an accurate record of what was lent and what was paid back. You want to make sure that you make a notation in your personal check register that you are making a loan to the corporation. You should pay the loan back as soon as practicable.
If the corporation is unable to repay the loan, please make sure that you let us know so that we can update your corporate records and keep track of it on the paperwork. If you ever get audited by the IRS, they are going to ask for the paperwork related to the corporate approval of the loan.
Also, if she pays corporate bills with her personal checking account, how does that work?
Ideally, you will not pay any corporate bills with your personal checking account except during the time when you are getting your business entity established. So, dude only so long as absolutely necessary.
Keep track of what you’ve paid to the corporation and reimburse yourself with a check from the corporate bank account.
*The Attorney on Call Service has been discontinued. To get legal advice on a question you may have, schedule a kick-off call with us!
Highly recommended!
Andy Gale & the associates at Gale and Vallance were awesome in setting up the CA Professional Nursing Corp for ARF Admin Solutions. They were very responsive and knowledgeable from the start. Highly recommended!
George
01/01/2023
Business legal services
Gale & Vallance provided excellent business legal services. The firm was professional, prompt and prepared. The entire process of starting a new corporation was easy and affordable. They have my recommendation.
Raj
07/10/2022
Highly Recommend!!!
I met Andrew Gale through a mutual friend several years go. I was so impressed with their business practice that I made it a point to get to know the attorney to expand my own business. Several years later following their advice i am successful with my business endeavors and do not make any decisions unless i consult with them. Not only do they manage my corporations but also literally help 30 of my clients who use their services. Rare gems in the industry. Highly recommend Gale and Vallance.
X
Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
This firm is excellent, efficient, reliable, with great valuable expertise and very thorough. Their dedication to providing great work and service is apparent in their kind, supportive, consistent great communication. Including providing consistent updates on new laws and regulations. Working with them and having them on my team, I have the confidence and reassurance that all services provided will be of great assistance and help to the continued positive growth and success of my corporation business along with the maintenance of keeping in compliance with and within federal state laws and regulations.
Hannah K
27/01/2024
A trusted colleague/friend of mine actually referred me to Andy's firm and I'm really grateful!
He and his team were incredibly prompt, informative, helpful, and patient (with inevitable questions that came there way by a new business owner like myself). With all the specificities it takes to create a business, this team was awesome in communicating with me and assisting me with navigating not only the needs to get the ball rolling but also how to keep it rolling and with tips to help with bank accounts and accounting packages (if I were to want to take those routes).
They were also very neutral in providing all the options possible and when I requested advisement or pros/cons, they were able to share these promptly and in a way that helped me choose what was best for me.
I'm glad to have worked with them and will continue to work with them
Courtnie L.
07/11/2023
I am so grateful for Andy Gale and his firm's help in getting my S Corp established. He has great expertise and I feel more at ease knowing everything was set up properly with their assistance!
X
Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
Andy and his team were a pleasure to work with! As an LMFT opening a private practice, I was nervous and felt like I didn't know what I was doing. Andy did a great job at explaining everything step by step. I got off of our kick-off call feeling confident and ready to take the next step to opening a practice! I decided to go with a corporation for my private practice. Andy and his team are thorough and answered all my questions throughout the process. I was surprised how quickly everything was taken care of. They also sent me emails along the way, giving me updates. I will be using them for my yearly legal needs. 10/10 recommend!
Julie Eyssallenne
12/11/2023
Andy and his team of professionals are amazing to work with. Not only are they extremely knowledgeable and professional, but they are also very friendly and easy to work with. They will always be my go-to. I appreciate Andy and his team!
Z D
12/01/2024
I could not be more pleased, and frankly impressed with the expertise, attention to detail, follow-up and professionalism of the whole office staff. Andrew Gale Esq is extremely knowledgeable of his craft. His overall approach to corporation creation and management took any doubt or apprehension I had about the process.
Thank you so much for everything and I look forward to a long relationship with your legal practice.
Zouhair Kevin Daif, FNP, Nursing P. C.
A month from now, on July 1, employees will begin to accrue paid sick leave under the Healthy Workplaces, Healthy Families Act, also known as California Paid Sick Leave Law. The new law mandates that employees who work 30 or more days within a year in California be given at least 24 hours of paid sick leave annually. The law applies to all sizes of employers and includes part-time and temporary workers.
