A Guide on Entity Structures, S-Corp Tax Traps, CA Probate, and Protecting Spouses, Children, and Business Partners As a business owner in California, your enterprise represents years—or decades—of vision, risk, and hard work. Yet, many entrepreneurs spend thousands of hours building enterprise value while neglecting a crucial legal vulnerability: what happens to the business entity, its tax status, and its ownership when they pass away? Without a proactive succession plan an