As an employer, you may employ a significant number of employees to perform various jobs. These employees may range in background, age, sex, race, religions, and sexual orientation. It is important for an employer to know how to handle these differences and establish a positive work environment in order to avoid unnecessary conflict and other issues that could lead to potential litigation. In addition, an employer may need employment contracts in place to attract and…
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When starting a company, entrepreneurs have many decisions to make. One of the most important choices involves selecting the right type of business entity. There are myriad options. While some business owners will operate as sole proprietors or form partnerships, others will opt for limited liability companies or corporations. There are pros and cons to each of these business types, so it is important to get legal advice from an experienced and reputable startup attorney…
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Crowdfunding is a fast-growing option for start-ups seeking to raise capital to fund their business ventures and ideas. As an entrepreneur considering this type of funding, you must be cognizant of the legal issues that can affect your company. While crowdfunding may seem like the way to get quick investment in your business, first review the tips we offer below to help you navigate the legal issues that may arise. Get Professional Help Whether you…
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Raising money through crowdfunding may seem simple and easy, especially since there are popular websites that claim to streamline the process. Unfortunately, if you do not talk with a business lawyer in Los Angeles before you post your information in order to solicit funding, you could create legal problems for yourself and your business. You could also put your ideas at risk. Your idea for your product or service has value, and you do not…
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Whether you are a creator, developer, or inventor, raising capital for your new invention can be one of the most difficult aspects of getting it off the ground. Crowdfunding allows project creators to use the Internet to raise the money needed to fund their projects. Through the investment of small amounts of money by many people, small businesses and solo entrepreneurs can finance their invention or product without going through the hassle of obtaining a…
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It is critical that you work with a business attorney as soon as you start to come up with, and begin working on, a new idea or venture. Too often inventors, entrepreneurs, and innovators, begin working on a project and form a partnership without ever speaking with an attorney. This could be to your detriment and typically is. This is especially true when you are working on a new invention or improving on an existing…
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Many startups make the mistake of forming a company without seeking the advice of an attorney. For example, if you come up with a great idea, are working on a new technology platform, or decide to start selling a new product, it is easy to go online and follow the steps to incorporate your own business. You can do so by simply filling out some forms, filing them, and paying the fee. While it may…
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Like any other contract or written agreement, letters of intent are important business documents that record the terms discussed in negotiations for a particular transaction. Accomplishing a variety of business objectives, when writing a letter of intent, one wants to make sure to include the following four elements: Terms and Condition In most situations – other than for buyers of a business – letters of intent should establish as many details as possible to describe…
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In the event that death, bankruptcy, divorce, or a material dispute between business partners occurs, it is important for preparations to be made in advance of such unpleasantries. One of the most important contracts in a business relationship, the buy-sell agreement, helps address these situations. If you are contemplating whether to formalize a buy-sell agreement or considering improving your existing buy-sell agreement, here are several advantages that well written buy-sell agreements provide to your business:…
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