Starting a business can be very challenging and running a business can prove extremely stressful. This is especially true with the current state of the economy. Most businesses are faced with financial challenges. Unfortunately, these financial challenges can uproot the entire wellbeing of the business, rendering it unable to meet its debts and obligations. When […]
When you own your own business in California, creditors may have reason to go after your business assets, but generally can’t go after your personal property. This is because by creating a separate legal business entity, such as a limited liability company (LLC) or corporation, business owners are afforded protection. Therefore, if the business has […]
Sometimes employees just aren’t a great fit for your business. When this occurs, you may want to terminate their employment. However, they may claim that you need to provide them with a reason for their termination or that you must provide them with an advance warning. Is either of these things true? When can you […]
Hiring employees for your business can be a big undertaking. You not only want to ensure that your employees have the skillset and experience, but also that they understand their job responsibilities. This is why an employment agreement is so important. An employee agreement lays out the terms and conditions of the employee’s role, responsibilities, […]
One of, if not the most important decisions that you will make in starting a business is selecting the right partner. Choosing a business partner is somewhat like choosing a romantic partner. This is especially true, as you may spend as much – if not more – time with them as you do a spouse. […]
The decision of whom to leave things to in your will and how to set up your estate planning documents is one of great importance. Sadly, sometimes when someone is in a vulnerable state they can be excessively persuaded to act or refrain from acting in a certain manner by someone who overtakes their free […]
The real estate market remains touchy. Inflation has made it much more difficult for young people to purchase property. That’s why many mothers and fathers will co-sign on a mortgage since their child would be ineligible. While a nice gesture, co-owning property can prove complicated – especially after the death of one of the parties. […]
Sometimes companies participate in a merger and acquisition in order to increase the shareholder value over what each company would be separately. This often happens when businesses are struggling. But because M&As require a great understanding of the law as well as each company’s operations and goals, it’s often extremely helpful to find a legal […]
When someone (a “settlor) establishes a trust, one of the things that they will have to decide on is who will serve as its trustee. Since the trustee will be the one overseeing the trust and being responsible for its beneficiaries, it’s important that he or she is someone who may have good legal knowledge, […]
When you are looking to start a new business, there are many things to consider. The first thing you’ll need to decide is what type of business entity you wish to form. You can choose to form a formal business entity such as a corporation, limited liability company (LLC), or a partnership. Those who choose […]
