California business owners have a lot to think about, including what they must do to comply with labor laws while running an equitable and fair work environment. One labor law concern is that they must maintain accurate records of the hours each employee works and must implement what are known as time rounding policies. Here’s […]
When you sign a legally binding contract with another party, you are required to uphold it. Therefore, when you breach a contract, you can be responsible for damages – unless you have a legal defense. To recover for breach of contract, the plaintiff must prove: To avoid paying damages, the defendant must present and prove […]
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, […]
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 you’re forming a limited liability company (LLC), you can choose to do so in any state. So, why do so many businesses choose to do so in Delaware – even when they don’t reside there? The short answer is because of the benefits. Here are some of the reasons why you may want to […]
There is no doubt that owning and operating a small business can be extremely challenging. This is especially true when you share ownership and/or operations with a partner. Many people choose to go into business with a close friend or family member since trust is already there. But unfortunately, it can make ending your business […]
Building a business takes years of hard work. That’s why it’s tough to imagine your business closing down when you retire or pass away. For that reason, many business owners wish to leave their businesses to their family and heirs. By providing their children with the business, they can help to ensure financial security for […]
