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When someone is managing multiple businesses under one “umbrella” limited liability company, a question that commonly arises is when, if ever, is the appropriate time to divide those businesses into multiple LLCs? Let’s take a look at the common benefits, and potential pitfalls, associated with splitting a multi-business LLC into multiple LLCs. Benefits One of the biggest benefits associated with dividing an LLC used as an umbrella to multiple businesses is that it helps further […]
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16 Feb '21As a general rule, shareholders of a corporation are shielded from liability for the debts incurred by the corporate entity. This protection from liability exists because a corporation is treated as a separate, independent, legal entity from its shareholders capable of accruing assets and incurring liabilities. Basically, when you incorporate a business in California or any other jurisdiction, a “corporate veil” will drape over the business that protects you and any other shareholders from being […]
February 2021
Hakim Law Group
- Hakim Law Group, 11812 San Vicente Blvd., Suite 380, Los Angeles, CA 90049 United States
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As a serial entrepreneur and CEO of companies both small and national, I cannot think of more trustworthy and competent counsel than Afshin Hakim. He is one of the best attorneys in Los Angeles.
Juve Vela, Psy.D., CEO/PresidentUnderstanding Behavior, Inc.The strategic advice Afshin provided our company in connection with closing a transaction and navigating through litigation issues was priceless and crucial towards our success. Afshin is the kind of lawyer every CEO would love to have.
Brandon KashfianAltaThera PharmaceuticalsHakim Law Group has consistently delivered high quality advice and documentation ahead of our timelines and on or under budget. They remain a key ally for us in all aspects of our corporate development.
Alexander C. LogiePersonally, Inc.