Van Camp Accounting

	Van Camp Accounting Van Camp accounting is one of the two methods California community property law uses to deal with community funds and/or labor used to enhance the value of separate property. The method is named after a 1921 divorce case, ''Van Camp v. Van Camp''. To calculate, courts will value the manager's services at a market rate and subtract community expenses from that amount. The result is considered community property. The effect of this is that the net income earned by the owner of the separate property results in the manner in which income is treated under California law The law of California consists of several levels, including Constitutional law, constitutional, Statutory law, statutory, and regulatory law, as well as case law. The California Codes form the general statutory law, and most state agency regulati ..., which is community property. This method is preferred when the character of the business is the reason for its income. In the case where the management is the main cause ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	California Law The law of California consists of several levels, including Constitutional law, constitutional, Statutory law, statutory, and regulatory law, as well as case law. The California Codes form the general statutory law, and most state agency regulations are available in the California Code of Regulations. Sources of law The California Constitution, Constitution of California is the foremost source of state law. Legislation is enacted within the California Statutes, which in turn have been codified into the 29 California Codes. State agencies promulgate regulations with the California Regulatory Notice Register, which are in turn codified in the California Code of Regulations. California's legal system is based on common law, which is interpreted by case law through the legal opinion, decisions of the Supreme Court of California, California Courts of Appeal, and Appellate Divisions of the Superior Courts of California, and published in the ''California Reports'', ''California Appella ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Pereira Accounting Pereira accounting is one of the two manners in California community property law that explains how to deal with community funds and/or labor used to enhance the value of separate property. The method is named after a 1909 divorce case, ''Pereira v. Pereira''. To calculate, courts will add the original principal amount of the business which is separate property to a reasonable rate of return expected from the nature of that business. The result is considered separate property. The remaining amount of the business is considered part of the community. This method is preferred when the management of the spouse was the primary cause of the growth or productivity of the business. In the case where the character of the business is the main reason for its growth and production, Van Camp accounting should be used. Pereira is used when the appreciation of the business is due to the skills, efforts or talents of the spouse who is working in the business. In that case, the separate property i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Property Law In The United States Property law in the United States is the area of law that governs the various forms of ownership in real property (land and buildings) and personal property, including intangible property such as intellectual property. Property refers to legally protected claims to resources, such as land and personal property. Property can be exchanged through contract law, and if property is violated, one could sue under tort law to protect it. United States property law is primarily an area for state law, although there are also federal laws (for example, on patents and copyright) and some local laws involvement (on areas such as zoning and tenancy). Property law in the states generally originate from the common law and have been modified by statutes. The Restatements on Property gives an overview of certain areas of property law in the United States. Theory of property rights Definition of property rights There are two main views on the right to property in the United States, the traditi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]