As a business owner, you can agree that contracts are the backbone of nearly every transaction. They serve as legally binding agreements that outline the terms and conditions under which parties are expected to perform their obligations. However, situations may arise...
You’ve come a long way since initially forming your company. Each year, the business has continued to expand. This has included developing your team and enlisting the assistance of a business partner. A business partnership can have numerous benefits, such as sharing...
If you are planning to open a new business, it’s important to think critically about your structural formation options. Under most circumstances, it isn’t lawful to operate a business within a state unless you’ve formally registered your operations. That initial...
You’ve gained some valuable experience working for various firms over the years. However, you’ve always had a burning desire to be your own boss and form a company. You have an idea, projections and a list of team members who can help you grow the business. Something...
Starting a business with friends or family can be both a blessing and a curse. On the one hand, you have someone to rely on when things get tough. On the other hand, many potential pitfalls can occur when business partners are also family members. Here are some things...
Despite being a loyal employee for many years, you’ve always had an entrepreneurial streak. Finally, you’ve generated an idea and come up with a viable business plan. You’re planning to launch a startup and you’re very excited about it. However, it’s not as simple as...
You’ve put in many years as a hard-working, loyal employee, but you’ve always had an urge to go it alone. You’re full of ideas, but many of them have fallen by the wayside. The latest idea of yours is different from the others though. You feel like it has legs and...
For most people, the first step in starting a business is probably having the right “idea.” You have thought of a product or service that you think will be profitable – but, we all know that there is much more than that when it comes to starting and operating a...
New businesses are started daily across California. As readers of this legal blog may know, different businesses can take on different formations based on their needs and specific goals. One type of business formation plan that an entity can adopt is a partnership....
Selecting a business structure is an important first step in forming a new business. For that reason, new business owners should know how to evaluate different business forms to make the best decision for them and for their business. Cost and operation Setting up a...
