Today, there are more than 30 million small businesses in the United States, according to the U.S. Small Business Administration. While the first few years of a business’s life are usually the most difficult, having the fundamentals in place before launching your new endeavor is key to staying in businesses for years to come. In this issue, Afshin Hakim, a leading business attorney in Los Angeles, will discuss why leveraging the knowledge and expertise of…
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An effective employee handbook will act as a manual for what your employees can expect and what your company expects from them. If your handbook does not have clear policies, you could run into big problems.An employee-related lawsuit against your company can cause serious financial issues, additional problems in the workplace, and potential damage to your company’s reputation.Plaintiff’s attorneys will look for loopholes when attempting to justify an employee’s behavior outside of your expectations. Therefore,…
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Starting a new company is a very exciting venture. However, it can also be very overwhelming and confusing. One important factor to consider is what types of contracts you will need to enter into in order for the business to flow smoothly and legally. It is in your best interest to consult with an experienced contract lawyer in Los Angeles to help you make an informed decision and appropriate action. Partnership Agreements A partnership agreement…
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There are many things to consider when you are starting a new business. Many focus on the obvious elements- location (brick and mortar or online), hiring employees, and growth. Due to all the considerations at hand, many startups push the development of a strategic plan to the back-burner. However, your business should develop that strategic plan sooner rather than later. Working with an experienced startup attorney in Los Angeles with help you understand the importance…
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If your growing company is in need of capital, you have a few options to consider. Before you begin your capital-raising journey, contact an experienced venture capital attorney in Los Angeles to assist you in understanding the different types of investors and what is the best fit for your company. Friends and Family Investors Acquaintances such as family and friends may be willing to invest in your growing company. Friends and family investors often join…
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Forming a new business is an exciting adventure. However, new business owners must ensure that they take steps to protect themselves and their business. A simple overlook could have very serious implications down the road. Before taking any steps, consult with an experienced business lawyer in Los Angeles and sort out the following: Business Structure Prior to forming your new business, you should first determine which business structure would work best to fit the needs…
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No matter the type of business you own or manage, contracts are certainly a daily, and integral part of business. With every contract there is always the possibility of the other party breaching the contract, regardless of the terms and relationship. Breaches of contract always run the risk of harm to your business, so it is important to work with an experienced business lawyer in Los Angeles to protect your business in the event of…
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A Right of First Refusal is an important legal issue in corporate law. No matter the type of business you own or manage, it is a relevant topic and can be used at a strong business strategy. The right of first refusal gives a certain party the opportunity to engage in a transaction before another party can do so. If a right of first refusal is granted but not honored, it can lead to a…
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A shareholder agreement is a legal document that creates the contractual terms by which a corporation is governed. Drafting a shareholder agreement for your corporation is a very important step, as it notes how the business functions, as well as how certain business situations and events should be handled in the future. While most template shareholder agreements include many of the same provisions, it is imperative that you discuss with an experienced corporate attorney in…
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