Unlike almost all other states in the arid West, California has never had a comprehensive system for the regulation of groundwater. This came to an end on September 17, 2012, when Governor Brown signed into law the Sustainable Groundwater Management Act (the "Act"). The Act will become effective January 1, 2015. It is actually a combination of three bills passed by the California State Legislature on August 29, 2014.
As the world's economies become more and more integrated, an increasingly large portion of the agricultural products produced by California farmers are exported to other countries. In addition to the obvious advantage of expanding the product market, the export of products also creates an opportunity for the farmer to enjoy potentially significant tax savings through the use of an "IC-DISC."
Under the Affordable Care Act, if an employer has more than 50 full-time employees for more than 120 days of the year, it is required to provide health insurance to its employees.[i] The Obama administration postponed the effective date of this employer mandate, but most business must comply within the next couple of years.[ii] This creates some difficult choices for business that are just over the 50-employee threshold. It also creates an interesting question about whether an employer can split its business into two or more entities to avoid the employer mandate. Unfortunately for most business owners, the answer is no.