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Business attorney los angeles
Dec 17 2021
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Why So Many People Decide to Incorporate Their Business in Delaware

Posted by Posted in Entity Formation & Structure
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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Contract Attorney Los Angeles
Nov 13 2021
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Five Key Components to Any Business Contract

Posted by Posted in Contracts & Agreements
If 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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Business Startup Attorney in Los Angeles
Nov 07 2021
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Is it Against the Law to Compensate a Non-Licensed Capital Funds Finder?

Posted by Posted in Compliance & Securities
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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Breached Business Agreement | Hakim law group
Oct 22 2021
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Breached Business Agreement

Posted by Posted in Contracts & Agreements
A business breach could occur in many ways, depending on the specific terms of your agreement. Nevertheless, if your business partner failed to adhere to the terms of the agreement, you may need to escalate the matter and take legal action, especially if the breach wound up damaging the company. Assessing Your Options Addressing issues with a business partner is not always easy.When a breach of contract has occurred, it is in your best interest…
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Business Law Attorney in Los Angeles
Oct 11 2021
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Arbitration Clauses in Employment Agreements are Not Always Enforceable

Posted by Posted in Employment & Independent Contractors
If you are a business owner in California attempting to enforce an arbitration clause in an employment dispute, then you need to take notice of two California Courts of Appeal decisions that address issues that could result in a court negating the efficacy of an arbitration provision. The first notable decision can be found in Garcia v. Haralambos Beverage Co. In this case, the Second District Court of Appeal upheld a trial court’s decision to…
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Business Attorney in Los Angeles
Aug 05 2021
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Dispute Resolution in Business Agreements

Posted by Posted in Contracts & Agreements
Typically, we enter into business agreements with the expectation that things will run smoothly. Whether it is a shareholders’ agreement, an employment agreement, or an agreement for supply of services. An agreement covers all the details that a handshake cannot cover. For instance, what happens when a dispute arises between the parties? How will the dispute be resolved? A well-drafted business agreement not only lays out the terms of a business deal, but it anticipates…
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Impact of Being Suspended by the FTB
May 24 2021
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Impact of Being Suspended by the Franchise Tax Board in California

Posted by Posted in Business Law
If you conduct a search for a specific business on the California Secretary of State’s website, you may discover a business labeled as “FTB Suspended.” If a business has been tagged with this label, it means the California Franchise Tax Board (FTB) has decided to suspend the business. If your business winds up getting suspended by the FTB, the ramifications can be severe. For example, when your business is suspended, you are unable to legally…
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Create an LLC with Hakim Law Group
May 10 2021
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Creating an LLC in California – Pertinent Info You Need to Know

Posted by Posted in Entity Formation & Structure
If you are looking to start a business in or around Los Angeles and want to establish a limited liability company (LLC), there are important issues and potential pitfalls you need to become aware of before making the proverbial leap and forming an LLC. What is a Limited Liability Company? An LLC is a type of business entity designed to shield business owners from personal liability from the ownership and operation of the business. When…
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Corporate Lawyers Los Angeles
Apr 25 2021
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Corporate Dissolution Explained

Posted by Posted in Corporate Governance / M&A / Exits
Small businesses are the backbone of the U.S. economy. Each year, thousands of new businesses are created with the goal of achieving sustained success. However, starting a business does not mean that entity will remain active in perpetuity. In fact, for a variety of reasons, many businesses each year are closed and have to be dissolved. If you find yourself in this situation, it is extremely important to take the necessary steps to properly dissolve…
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