Corporate Bylaws are rules and regulations adopted by your corporation’s board of directors to provide a framework for its operation and management. Bylaws can be crucial in preventing misunderstandings between the owners of a company regarding how the company is being managed and are too often treated as a boiler-plate document.A corporation’s Bylaws should not be confused with its articles of incorporation, which is a public document and must be filed with the secretary of…
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Companies can now offer and sell securities through crowdfunding. The Securities and Exchange Commission (SEC) recently gave the green light under Title III of the Jobs Act. Companies interested in offering and selling securities through crowdfunding should discuss with a qualified business lawyer in Los Angeles, who can explain the new SEC rules regarding crowdfunding. What is crowdfunding? Crowdfunding is a new and growing method to fund business projects. Crowdfunding uses easily accessible outlets, such as…
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Businesses should be very cautious when revealing sensitive and confidential information to employees or outside parties. While everyone may say they will keep your information in confidence with a firm handshake and smile, they may not always honor their word. They may steal your trade secrets, ideas, and other sensitive data and manipulate them to make it appear that they were the originators of the idea, product or service. One way to protect yourself and…
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One thing employers can expect from their employees is the request for a leave of absence. There are laws in place to protect employees who need to take time off. The federal Family and Medical Leave Act (FMLA) allows an employee to take time off to be a caregiver or handle health or medical related duties that might keep them from performing their regular jobs. There are a few states that have created their own…
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Intellectual property should not be a concern for just large businesses and big corporations. Small businesses and startup operations should know the value and importance of intellectual property and its impact on business success as well. Intellectual property is important at every stage of business development. Many small businesses or young entrepreneurs do not understand the various types of intellectual property and the protections they can bring to their products, services, and company. Not knowing…
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Expanding and hiring more employees is a mark of business success in the corporate world. However, companies should realize with growth comes the increase for liability exposure in different areas. Companies need to remember that they will be held liable for the conduct of their employees; hence, they should be aware of their liability exposure and ways to minimize the risks. An experienced corporate lawyer in Los Angeles can help create strategies to combat liability…
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Whether it’s selling gadgets as simple as Fidget Spinners, or something much more complex, like creating the next grocery delivery service app, every business needs to be run efficiently and properly to make it through its first year. When running a business, issues such as taxes, liability, and insurance may arise. As the wheels start moving, one may ask: Should I continue my sole proprietorship, or form an LLC? Not every business starts with “a…
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A corporate attorney can help you ensure that your trade secrets are kept secret and protected by the law. A trade secret is any non-public, valuable information that gives your company an advantage in the market or over its competition. No company wants others to benefit from their research and efforts to develop an exceptional product or service. A trade secret can involve a variety of items, which may include formulas, data, methods of development,…
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In 2011, the California Legislature amended the California Corporations Code to add a value component to the statutory test governing distributions to shareholders. These changes were meant to simplify and modernize the guidelines for California corporations to follow when distributing dividends. As the best corporate attorney in Los Angeles will tell you, these changes create the potential for new risks and rewards for investors. These changes to the law, found in Sections 500-509 of the…
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