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Business Attorney in Los Angeles

New Definitions Aimed at Promoting Capital Formation and Investment

Posted by Posted in Compliance & Securities
The U.S. Securities and Exchange Commission (the “SEC”) effectively redefined what it means to be an “accredited investor” and “qualified institutional buyer” after it adopted amendments in Rule 501(a) under Regulation D and Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). The SEC issued a statement indicating that it adopted these amendments as part of a larger effort to simplify, harmonize, and improve the exempt offering framework under the Securities…
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Corporate Lawyer Los Angeles

Important Questions That Need to Be Answered When Forming an LLC

Posted by Posted in Entity Formation & Structure
Starting a new business venture is an exhilarating experience, but is also rife with potential risks and pitfalls. Hence, it is so important to conduct a level of due diligence to ensure the business is worth your time and effort. There are a variety of services available online that assist entrepreneurs in creating a business. However, simply filing the paperwork to starta business is just the first step in a fairly lengthy and arduous process.…
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Business lawyer in Los Angeles

The Difference between Stock Options and Stock Warrants

If you started a business, or recently joined a startup, there is a strong likelihood that a portion of your overall compensation package (or the compensation package offered to new hires) will include stock options and/or stock warrants. It is important to understand the key differences between these stock instruments to ensure comprehension of what will follow when a stock option or stock warrant is offered to a new employee, or as an investor on…
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Contract Lawyer in Los Angeles

Sole Proprietorships and Other Individual Business Ventures

Posted by Posted in Entity Formation & Structure
If you are the owner of a sole proprietorship, single-member LLC, or other individual business venture, it is important to document your transactions, even if they only involve you (the business owner) or other related parties. Let’s say, for example, there is corporation with two shareholders that needs more equity to grow the business.Both shareholders agree to extend a loan to the company and with the expectation of getting reimbursed within five years. Even though…
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Business Attorney in Los Angeles

Business Succession Planning

Harvard Business Review reported that close to 70 percent of family-owned businesses fail or get sold to a third party before a second generation owner gets a chance to take the proverbial reigns. And only around 10 percent of family-owned businesses remain active, privately held companies for a third-generation-owner to lead, according to HBR.org. If you own a small business, you may be asking yourself, “what steps can I take to protect my business and…
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Business Attorney in Los Angeles

How to Effectively Utilize Social Media to Recruit without Exposing Your Business to Civil Liability

Social media is no longer relegated to leisure and selfies. Employers have integrated social media to assist in recruiting and hiring top talent.  For example, it is now the “norm” to post and publicize job listings on social media platforms to recruit prospective applicants.In addition, many employers use social media to help investigate and evaluate candidates by reviewing their profiles, interests, public statements, posted photographs, and other information, assessing whether the candidate is a right…
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Employment lawyer Los Angeles

Review and Revamp Your Injury and Illness Prevention Program

In the midst of the Coronavirus pandemic, workplace safety and cleanliness have become extremely important, even life-saving in certain instances. Hence, is critically important for business owners to be proactive and implement infectious disease prevention measures to promote an overall safer work environment for their employees. It is also important to understand that business owners have a legal obligation to provide a safe and sanitary work environment to employees. The Occupational Safety and Health Act…
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Business Lawyer in Los Angeles

Significant Changes to the Paycheck Protection Program

Posted by Posted in Compliance & Securities
The Paycheck Protection Program Flexibility Act of 2020 was passed by Congress and signed into law by the President recently. The PPPFA was passed in order to address a number of significant issues related to its progenitor, the Paycheck Protection Program. The original PPP program was a pillar of the landmark $2.2 trillion CARES Act aimed at helping small business owners and average Americans financially during the Coronavirus pandemic. The PPPFA modifies the PPP program…
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Business Contract Lawyer in Los Angeles

Business Contract was Breached – Understanding Your Rights

Posted by Posted in Contracts & Agreements
Every day, there are negotiations that result in business contracts being formed and subsequent actions wheresuch contracts are breached. If you encounter the latter situation, what should you do and what legal rights do you have? Most entrepreneurs and businesses have a reasonable expectation that the other partyengaged in a business contract will fulfill its contractual obligations.Unfortunately, this does not always happen. What Exactly is a Breach of Contract? A breach of contract occurs when…
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