You have probably heard that it is illegal to conduct an unfair trade practice, but do you really understand what this means? Generally speaking, it is any trade practice used for the purpose of selling or supplying goods or services using an unfair or deceptive practice. Below are a few examples of unfair trade practices: [..]
If you formed your business as a limited liability company (LLC) and the structure no longer works for you, you may want to consider converting your LLC to a S-corp or C-corp. The conversion process differs state by state, but below are some general considerations. The LLC has a different tax status from corporations. The [..]
One of the primary goals of every contract is to reduce the likelihood of litigation between the parties if a dispute should arise. An experienced business attorney can help you protect your best interests through careful and creative drafting. Below are a few examples of creative contract clauses that can not only improve your working [..]
We live in a world where many people take great pride in doing things themselves. The Internet has provided a way for us to view instructional videos or research websites if we don’t know how to do something. Although this type of help is beneficial if you are building cabinets or learning to change the [..]
One of the most important things a business owner can do is find ways to minimize risk. While there are a variety of liabilities facing your business that are predictable, there are also many that are unexpected and occur out of the blue. Below are three frequent legal risks that business owners should be aware [..]
If you have always dreamed of owning your own business, you should honestly assess whether or not you are prepared for taking the next step and becoming an entrepreneur. Consider the following: Is the time right? Similar to having a baby, there is not “perfect time” to start a new business. However, you must think [..]
If you are starting a new business and you are planning to form it as a corporation, you should confer with a seasoned business attorney. The legal structure you choose for your business will impact it throughout its existence, so you want to make sure it is done right. Below are a few of the [..]
If you have started a business and formed it as a limited liability company (LLC), you are likely enjoying the flexibility it is offering the members. The LLC structure has minimal formal requirements compared to other legal structures. In fact, California law does not require the members and managers of a LLC to hold annual [..]
If you are considering purchasing an existing business, there are many factors that must be considered. It is imperative that you conduct a due diligence investigation of the business so you are fully educated on what you are getting yourself into when the business becomes yours. Our business attorneys can help you through each step [..]
Most people assume that new businesses are started with funding from venture capitalists or angel investors. However, the reality is that many entrepreneurs start their new entity with their own funds. If you are considering bootstrapping your start-up entity, consider the following tips: Using your personal funds to start a business can be risky, so [..]
