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The landmark $2.2 trillion CARES Act passed by Congress was designed to try and help support U.S. businesses and workers during the Coronavirus pandemic. The massive legislation includes an array of financial incentives and loan programs for business owners, including people who own startup businesses. One of these provisions is the Employee Retention Payroll Tax Credit. This credit is designed to help businesses, including startups, retain employees, even in the face of steep declines in […]
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If your startup is struggling in the midst of the COVID-19 pandemic, you are not alone. Many startups and small businesses have been hit hard due to the deadly Coronavirus. In an effort to help support businesses, employees, and your average American, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). If you own a startup in or around Los Angeles and are concerned during this difficult period, you may be […]
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On March 27, 2020, the Corona Virus Relief and Economic Security Act (“CARES Act”) became effective. Included within the CARES Act is the Paycheck Protection Program (“PPP”), which authorizes the Small Business Administration (“SBA”) to guarantee loans to certain eligible small businesses. One of the unique features of the PPP loans is that, unlike traditional SBA loans, the lender may request to have the principal amount of the loan forgiven. There are limitations on the […]
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If you are a business owner, the ability to effectively interact with and manage your employees is critically important for the long-term success of your business. This is especially true if an employee departs, or is terminated, and the relationship takes a negative turn. It is essential not to act out of emotion and instead operate with the best interests of the business in mind. Why is this so important? Taking certain actions against an […]
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- business lawyer
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One of the biggest fears many business owners have is the threat of costly and length litigation. Why? Even when a business prevails in a lawsuit, the financial impact of litigating the case could be enough to force the business to close or reduce dramatically in size and scope. The concerns related to cost and time are big reasons why a large percentage of business owners strongly prefer resolving legal disputes through alternative forums and […]
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If you are looking to lease commercial property in Los Angeles or elsewhere in California, it is important to enter this process with a strong understanding of your rights and what information must be disclosed to you pursuant to state law. In California, the laws related to property disclosures vary widely depending upon the type of property and whether the transaction involves a property owner leasing or selling the property. Asbestos Report If you are […]
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- contract attorney
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If you own a business in Los Angeles or elsewhere in California, there are numerous legal issues you need to proactively address to ensure your business is not exposed to financial turmoil if an unexpected event or lawsuit arises. There are multiple forms of insurance coverage you could purchase for your business to protect certain aspects of your daily operations. Here are some examples of the types of insurance policies that could benefit your business: […]
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21 Dec '19If you are looking to start a professional business with another individual (oftentimes a close friend, colleague, etc.) in California, one of the first issues that needs to be addressed is whether it makes sense to create a limited liability partnership (an “LLP”) or go with another structure like a professional corporation. If you decide to form an LLP, it can provide your partnership with an opportunity to build and maintain a strong working partnership […]
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Many people are surprised to learn how common it is for a business to close, not because of bad management, client service, or a bad product, but rather, because of litigation. While you cannot preclude a third party from suing your business – even if the lawsuit is frivolous – there are specific actions you can take to protect you and your business from significant civil liability. Here are specific tips on how to protect […]
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Arbitration has been around for decades, but it has recently become a hot-button issue in California. For example, Google made headlines when 20,000 employees walked off the job to protect the internet giant’s arbitration policy concerning claims of workplace misconduct. You may be asking yourself, “What’s the big deal? Why should I be concerned with an arbitration clause in a business contract?” Well, let’s start at the beginning. Arbitration Explained Arbitration is a wholly private […]
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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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