Thanks for taking the time to find out about our connection to Citrus Heights, a beautiful city in Sacramento County with a population of more than 83,000. With a bustling retail and service industry, Citrus Heights is home to Sunrise Mall, a newly remodeled shopping center with more than 100 stores.
The mall is located in the center of the city, along with the Sunrise MarketPlace, a developing retail community that offers a wide array of retail, dining, and service establishments, as well as major discount retail stores including Costco, Sam’s Club, and Wal-Mart. Citrus Heights also offers several parks, playgrounds and other recreational activities through the Sunrise Recreation and Park District.
Neighborhoods of distinction in Citrus Heights
On May 22, 2009, the Sylvan-Old Auburn Road Neighborhood, located within the City of Citrus Heights, received first place honors in the Multi-Neighborhood Project Partnerships category at the Neighborhoods USA Conference in Spokane, Washington.
Neighborhoods, USA is a non-profit national organization whose purpose is to build and strengthen neighborhood associations and organizations. This non-profit was first created in 1975 with the goal of sharing information and experiences in an effort to build stronger communities. Citrus Heights has eleven neighborhood areas, each with its corresponding neighborhood association, bylaws and a board of directors. A neighborhood association is simply a group of grassroots community volunteers who come together to make a difference in their neighborhoods and in the city as a whole.
The historical “14 Mile House”
The 14 Mile House is the last of the many early inns built for the purpose of serving the freight wagons along Auburn Road. This historic building dates back to 1849, and is considered one of the oldest buildings in Sacramento County. The 14 Mile House has officially been designated as a California Point of Historical Interest is now listed in the official California State Register.
Sunrise MarketPlace Business Improvement District
The Sunrise MarketPlace Property and Business Improvement District provides improvements and activities that benefit certain parcels of land in Citrus Heights. The District was developed by a coalition of local property owners. Sunrise MarketPlace was established in 1999 and consists of about ten blocks of property along Sunrise Boulevard and Greenback Lane. Sunrise MarketPlace has served as host to numerous events over the years, including the Sacramento Capitals tennis tournaments and the Sunrise at Night Concert Series. These events were effective in drawing thousands of visitors to the area and creating a wealth of media impressions.
Over the last 15 years, the District has delivered an extraordinary level of marketing, branding, economic development and advocacy services. The District’s services include branding, signage and streetscape improvements that will help to create a distinct identity for the Sunrise/Greenback corridor.
Businesses in Citrus Heights should consider limited liability entities
As business owners in Citrus Heights should know, there are two common business entities created specifically for the purpose of limiting personal liability for business owners: Limited Liability Companies (LLCs) and corporations. Owners of these entities can choose to be taxed as “pass-through” entities, which allows them to avoid double taxation. The flexibility of a limited liability entity also permits the business owners to assign income and losses in tax-friendly ways.
Other business planning options for small businesses
An experienced and qualified planning attorney can explain some of the other types of business structures available, as well as the advantages and disadvantages of each. By discussing your options with your business planning attorney, you can choose from different strategies that will maximize the growth of your assets throughout your lifetime and ensure proper distribution of those assets after your death.
The benefits of a business succession plan
Some clients actually intend for their businesses to be passed on to their heirs intact so their loved ones can continue the family business. If this is the case, you should specifically discuss a business succession plan with your business planning attorney. There will eventually come a time when you will be ready to retire from running the family business. However, resigning is not as simply as you might think, especially if you want the business to continue running smoothly after your departure. You need to pass on the reigns properly. That is where a business succession plan comes in. Although most business owners would prefer to pass on the management of the business to the next generation, less than 30% of owners actually have a succession plan in place.
If you have questions regarding business entities, business succession, or small business planning needs, contact the Northern California Center for Estate Planning and Elder Law for a consultation, either online or by calling us at (916) 437-3500.
