Seeking SUCCESS For You And Your Business
If you’re a business owner, you are probably already acutely aware of how important it is to plan for the future. But have you ever considered what would happen to your company if you retired or passed away unexpectedly? That’s where buy-sell agreements come in. These contracts stipulate what happens if one of the owners were to exit the business.…
A partnership involves a business arrangement between two or more individuals with a common goal of achieving a profit from operations. Generally, the partners serve as co-owners of the business, share profits, and also are responsible for liability for debts and actions of the partnership. After the passage of time, the partners may disagree about the vision for or methods…
A fundamental part of conducting business, contracts define and help maintain relationships among the involved parties. When one party breaks or breaches their contractual promise, it can lead to serious legal issues. And when an uninvolved person knowingly harms your contractual relationship, you have the right to pursue recovery for any economic damages their tortious interference caused you. At the…
When it comes to running a successful business, smart legal protection is essential. This is where material adverse effect clauses come in. These special clauses can protect you from potential losses due to unforeseen events that could negatively impact your business. By properly defining what constitutes an MAE event and detailing any remedies or compensation associated with termination due to…
A business that puts itself on the market for sale must be careful about leaks of confidential information that might harm ongoing operations. Employees may become nervous about their job security. Customers, upon learning the business may be sold, could bolt for another firm. Vendors and suppliers may begin to worry about the ongoing relationship. And competitors could pounce upon…
Business valuation plays an essential role in mergers & acquisitions by helping both buyers and sellers come to agreements that are beneficial for everyone involved. By understanding what business valuation is all about—and familiarizing yourself with some common methods used in this process—you can make informed decisions when negotiating transactions involving companies or assets you might be interested in acquiring…
Purchasing and selling a business is not always an easy endeavor. Given the amount of money at stake, it is important to understand the potential legal, economic, and tax risks involved in selling or purchasing a business. If you are considering selling your business or buying a business, an experienced business law attorney at the Law Offices of Jerry J…
Trade secrets, copyrights, and patents are powerful intellectual property (IP) tools used by individuals and businesses to protect their ideas, innovations, and original works, distinguish their brands or gain an economic advantage over their competitors. Although each IP tool offers different protections, many people often mistakenly confuse them with each other. It is important to get advice from a California…
Buying an existing business in operation with a proven track record can be seen as a surefire way of avoiding the early start-up costs and challenges that can threaten the survivability of a new enterprise. However, there are potential challenges in purchasing an established business that render such a purchase far from a sure thing! In the case of buying…
It is often said that small businesses are the backbone of America. That should not imply that starting one and owning one is, in any way, easy. In fact, legal issues from concept to closure can make small business owners feel like their own backs are breaking. There is a way to anticipate and prepare for legal challenges, and that’s…