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Whether you have been a small business owner for years or if you are working through the stages of starting up your company, it is important that you take the necessary steps to protect yourself and your businesses. All of the terms and conditions included in intellectual property law can become overwhelming and it can be difficult to ascertain which type of protection you need. It is important that you consult with an experienced startup […]
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Earlier this year, in the Dynamex Operations West, Inc. v. Superior Court of Los Angeles decision, California’s Supreme Court unanimously announced a new test for determining a worker’s status as an independent contractor. This new test makes it more difficult for employers to establish that an independent contractor relationship is present. Previous to this decision, California courts had applied the Borello test for determining whether a worker was properly classified as an independent contractor. However, […]
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Generally, a business owner cannot be held personally liable for the liabilities of his or her business if the business is a corporation or limited liability company. However, there are situations in which courts will hold an owner personally liable. The below list, while not complete, highlights the seven most common causes of personal liability. Bank Loans New business owners are typically required to provide to personal guarantee for bank loans. To the extent the […]
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10 Jan '18
In the current age of technology and necessary online presence, most businesses need a website to survive. If your business does run a website, you must ask yourself this question: do you need a privacy policy?Unless your website is non-interactive, such as a blog, the answer will be “yes.” The California Online Privacy Protection Act applies to any person or company whose website or mobile application collects “personally identifiable information”from California consumers. It requires the […]
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20 Dec '17
If your business has multiple owners, you need a sound buy/sell agreement in place. A buy/sell agreement is a contractual document between the owners or shareholders that creates rules for what will happen if and when one of the co-owners die, becomes disabled, needs to transfer his or her share, or decides to leave the company. A buy/sell agreement is a business planning tool designed to avoid negative outcomes if a misfortune happens. An experienced […]
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Both private equity and venture capital are terms used to describe ways that investors acquire an interest in privately held companies as opposed to investing in public companies (like those listed on the New York Stock Exchange or Nasdaq). What follows below is a brief explanation of the difference between venture capital and private equity.No matter what type of investment you are seeking for your business or entrepreneurial endeavor, advance planning, research, and working with […]
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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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13 Nov '17
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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18 Oct '17
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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11 Oct '17
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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Hakim Law Group
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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.