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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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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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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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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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21 Aug '20Harvard 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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10 Aug '20Social 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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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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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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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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The Coronavirus pandemic has created chaos and uncertainty for businesses in Los Angeles and across the globe. Many business owners are trying to navigate their way through these challenging circumstances while other business owners have made the difficult decision to close their businesses. The ramifications of this pandemic are far-reaching, including putting many business owners into the unfortunate position of deciding whether to breach a contract or be on the other side of a breached […]
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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.