Many people choose to run their business as a partnership, where two or more parties share the responsibilities of running the business. Business partners can formalize their partnership by drafting a partnership agreement to outline how the partnership will operate....
Business Law And Litigation
Your business’ structure can expose or shield you from liability
One important topic to keep in mind when choosing the type of business that you want to form is whether you will be personally liable for the actions of the business. Personal liability can expose you to significant financial ramifications should your business go...
Valuing a business for a purchase
Perhaps your small business is ready to expand, and you're thinking the best way to do that is by purchasing another small business. How can you determine a fair price? Valuation is difficult in all kinds of purchases, but can be especially tricky in the purchase of a...
Preparing for the sale of your business
Selling a business can be the capstone of a career and provide assets for your future commercial or personal plans. But it can be a full-time process and requires preparation. Significant transaction A business sale is among the most consequential business...
The plusses and minuses of licensing agreements
Do you have a copyright, patent or trademark that you would like to make some additional money on? One way to increase the value of your intellectual property is through a licensing agreement. Be careful when entering such agreements. While they can be financially...
Avoid these six mistakes in the early stages of your business
Starting a business is hard work. And even though it may seem somewhat easy from the outset, there are a number of matters that you have to appropriately address if you want to hit the ground running on a solid foundation. A misstep here could leave you and your...
Protecting your business with appropriate contracts
Different types of businesses in California may view contracts in different ways. For some, a contract is simply a way to formalize, in writing, what two parties have already agreed to orally. But, contracts are so much more than that. In the end, contracts should...
Businesses must consider the unexpected
Businesses had to face many unplanned natural, health and economic challenges over the last few years and this trend is likely to continue. Companies must anticipate and have plans to protect against threats and continue their operations. BCPs A business continuity...
Port operators face uncertainty with cargo amid trucker protests
Labor issues are common in the maritime industry. Cargo operators in California and across the nation need to have viable solutions to deal with them, even if they are not directly involved. There is no doubt that truckers are a key link in the chain. Their role is...
Address these three provisions in your commercial lease
Your commercial space can define how your business operates. But if you’re not careful it can also be an albatross hanging around your neck, frustrating your business goals with excessive costs and unexpected limitations. Key provisions to address Before signing off...