Boldness. Accountability. Results.
The Firm
Tra Law Group is a boutique, remote-first law firm serving entrepreneurs, businesses, and individuals across Southern California and beyond. We bring together bold advocacy and a commitment to achieving accountability, helping clients tackle complex challenges and achieve meaningful results.
We believe that a fair marketplace depends on accountability. Businesses that play by the rules should never be forced to compete against those that don’t.
In our transactional work, we guide growth-minded companies through bold, ethical decisions that shape the future. In our litigation practice, we advocate for employees, consumers, and individuals affected by unlawful practices or misconduct—delivering strategic counsel and fearless advocacy to ensure fairness in both business and life.
Insights
Can Non-U.S. Citizens and Start and Operate a Business?
In the United States, ownership of a business, including Limited Liability Companies (LLCs) and corporations, is not restricted to U.S. citizens. Individuals who are non-U.S. citizens are eligible to own these types of businesses. However, with this broad permission, there are specific considerations that needs to be taken into account concerning the type of corporation and the owner’s visa status when it comes to employment.
Bypassing Proposition 19 and Property Tax Reassessments
Proposition 19 has significantly altered the landscape of property tax regulations in California, particularly affecting the longstanding parent-child exclusion for property tax reassessment. This legislative change has directly impacted how real estate properties are transferred from parents to children, necessitating creative approaches for families and real estate investors eager to pass down real estate assets to their heirs in a tax efficient manner. To achieve this goal, real estate limited-liability companies (LLC) need to be established and used as a vehicle for property transfers.
Navigating the Corporate Transparency Act: A Guide for U.S. Businesses
The Corporate Transparency Act (CTA) was enacted in response to increasing worries about the use of anonymous shell companies for illicit activities such as money laundering and terrorism financing. The CTA marks a major shift from the current corporate reporting norms in the United States. Under this law, specific entities are required to disclose their beneficial ownership details to the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury. The CTA reporting requirements went into effect on January 01, 2024.