Seeking SUCCESS For You And Your Business
According to a 2023 survey by NerdWallet, 96% of small business owners have a business bank account. Starting the process of opening a business bank account is a big step for entrepreneurs. It often marks the official creation of their business. Yet, in the midst of...
In the competitive landscape of California's business environment, proprietary information can serve as the bedrock of a company's success. This information, often in the form of trade secrets, intellectual property or unique business methods, provides a distinct...
Business is never a sure thing. Running a successful enterprise of any size depends on making smart decisions on multiple fronts. Among them is how to protect your business from unanticipated losses resulting from the shutdown of the business due to external forces. Perhaps never before has it been more important for business owners to hedge their bets by purchasing…
Employment in California is generally considered to be at-will. This means that the employer can terminate an employee at any time for any reason or no reason. Likewise, the employee can quit at any time for any reason (or no reason at all). However, provisions agreed upon in an employment contract must be adhered to by both the employer and…
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…