Corporate Governance / M&A / Exits

Owning and operating a small business in Los Angeles means navigating a fast-paced, competitive market, while also complying with California’s highly regulated legal environment. A well-drafted service agreement is one of the most powerful tools a business can use to prevent disputes, define expectations, and protect revenue. Below are critical contractual clauses that every Los Angeles small business should incorporate into their service agreements to safeguard operations and strengthen client relationships. Clear Scope of Work,…

A buy-sell agreement is important and essential for most businesses having more than one owner. This agreement benefits the owners by addressing potential circumstances which may justify a separation among business owners and providing some certainty and protection for both the exiting owner and the remaining owner through a pre-negotiated buyout offer. As business law attorneys in Los Angeles, the legal team at The Hakim Law Group wants all business owners to understand the importance…

When you run a business, it is important to understand that there are an array of rules, regulations, and corporate formalities that must be followed. When those formalities are neglected, it can lead to significant legal problems down the road. For example, if you neglect to keep minutes of corporate board meetings, this oversight can lead to potentially costly and contentious litigation. Why is There a Requirement to Maintain  Minutes? A for-profit corporation operating in…