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21 Jul '22An employee contract is a binding document that clearly defines the expectations of an employee and the nature of the employment relationship.The agreement should be written for the benefit both parties and outline all the terms and conditions of the employment offer, prior to applicant’s start date, so there are no surprises. Once the offer is accepted, and the agreement is signed, an employee/employer relationship has been consummated. While such contracts may cover criteria and […]
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06 Jun '22Have you ever entered into a non-compete agreement as a boss or an employee, or are you currently considering doing so? If so, you may be worried about the standard business contract, and whether yours is completely valid or legally enforceable. We have you covered.Here we will address your concerns and answer your questions regarding non-compete agreements: What is a Non-Compete Contract? A non-compete contract is an agreement that will prohibit employees, contractors, or equity […]
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With the current competitive economic climate, it is pertinent that all businesses are operating under the best legal structure for their purposes. Forming a limited liability company may be the best idea for your business. After all, a limited liability company, or LLC, is a specific business entity that blends the best parts of both partnership and corporate structures. There are actually several reasons to select an LLC as your business’s structure. However, it should […]
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There are many stringent and complicated requirements to opening a business in California. Unfortunately, many of these prerequisites include completing and filing multiple legal documents that you may not always be familiar with. Hence, it is always best to confer with a professional before taking action. Depending on your business’s legal structure, you may need to file “Articles of Incorporation”for a corporation, “Articles of Organization” for a limited liability company, or a “Certificate of Limited […]
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Despite contracts and business agreements being a pillar of economic activity in Los Angeles and elsewhere throughout California and the rest of the country, it is fairly common for business owners and managers to make glaring mistakes when drafting, considering, or approving a business contract. The result? Serious legal and financial ramifications that could effectively ruin the business. Below are three mistakes routinely committed by business owners and managers when creating a business contract and […]
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The California legislature is continuing its focus on amending, enacting, and overhauling various privacy laws. This effort began with the passage of the California Consumer Privacy Act followed shortly thereafter by the passage of the California Privacy Rights Act. Both laws have significantly expanded the administrative obligations for many California employers who receive and/or access consumer data and personally identifying information. The newest effort is to overhaul the laws that are designed to protect children, […]
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If you have a startup business headquartered in California, or even simply has a“presence” in California, then you need to be prepared to comply with the California Consumer Privacy Act (CCPA). The CCPA was fully enacted into law in 2020 and applies to a variety of business entities (including startups) that collect the personal information of California consumers. The Objective The CCPA was designed to make businesses in California more transparent in how they collect […]
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Delaware is, by far, the most popular state for incorporating a business. In fact, Delaware is the home of more than half of all businesses currently in the Fortune 500, according to Reason.com. This routinely leads many people to ask…why? Well, the answer is multi-faceted and includes different factors such as tax benefits, legal benefits, and practical benefits. Let’s take a look at just a few of the most common reasons why business owners opt […]
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13 Nov '21If you own a business, it is extremely important to understand and embrace the key elements of a legally valid, and enforceable, contract. The information below summarizes the five key components that virtually every contract should have for your business to operate successfully. No. 1 –Written Agreement Between All Parties Arguably the most important component to any business contract is that the agreement and terms between the parties are in writing. Please understand that a […]
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When a startup is receiving professional assistance in raising neededcapital to continue growing the business and the brand, a common issue arises – whether the startup is allowed to compensate the individual helping raise capital with a commission or transaction-based fee if he or she is not a licensed broker dealer. Here is the answer: generally, no. This type of compensation structure is not allowed. Specifically, the use of an individual who is not a […]
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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.
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