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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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Business Lawyer in Los Angeles
Apr 25 2021
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Drafting Privacy Policies – What You Need to Know

Posted by Posted in Compliance & Securities
The use, management, and maintenance of personal information by companies has received significant attention, and even national headlines, due to multiple states enacting consumer data privacy laws. California took center stage with the passage of the California Consumer Privacy Act (“CCPA”) in 2018, followed by the California Privacy Rights Act (“CPRA”) in 2020. This is why, as a business owner operating in or around Los Angeles, you need to invest the time and resources to…
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Business Lawyer in Los Angeles
Mar 16 2021
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The New Paycheck Protection Program Loan

Posted by Posted in Compliance & Securities
Congress recently passed, and the President signed, the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act” (i.e. the Economic Aid Act) into law. The legislation includes roughly $900 billion in financial assistance to individuals, small business owners, hospitals, etc. who are struggling to make it through the Coronavirus Pandemic. A key component of the Economic Aid Act was infusing the moribund Paycheck Protection Program (PPP) with an additional $284 billion in funds. This…
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Business attorney in Los Angeles
Mar 16 2021
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Major Employment Laws Going into Effect in 2021

Posted by Posted in Employment & Independent Contractors
A number of employment-related bills were signed into law by the Governor of California that are likely to require significant modifications to current protocols and practices to ensure compliance. This means business owners and their HR teams will need to invest time and energy into understanding the new rules and regulations. Here is an overview of some of the major employment laws that are going into effect in 2021. Expanded Leave Under the California Family…
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Best Corporate Attorney Los Angeles
Feb 16 2021
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Should You Divide Your Umbrella LLC Into Multiple LLCs?

Posted by Posted in Entity Formation & Structure
When someone is managing multiple businesses under one “umbrella” limited liability company, a question that commonly arises is when, if ever, is the appropriate time to divide those businesses into multiple LLCs? Let’s take a look at the common benefits, and potential pitfalls, associated with splitting a multi-business LLC into multiple LLCs. Benefits One of the biggest benefits associated with dividing an LLC used as an umbrella to multiple businesses is that it helps further…
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Best Business Attorney Los Angeles
Feb 16 2021
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Understanding Alter Ego Liability

Posted by Posted in Risk & Asset Protection
As a general rule, shareholders of a corporation are shielded from liability for the debts incurred by the corporate entity. This protection from liability exists because a corporation is treated as a separate, independent, legal entity from its shareholders capable of accruing assets and incurring liabilities. Basically, when you incorporate a business in California or any other jurisdiction, a “corporate veil” will drape over the business that protects you and any other shareholders from being…
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Business attorney in los angeles
Jan 25 2021
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Impact of the New COVID-19 Relief Legislation on Small Businesses

Posted by Posted in Business Law
Congress passed a massive $900 billion bill focused on providing support to individuals and small business owners. The legislation (which was passed overwhelmingly in both chambers of Congress) includes more than $300 billion in financial assistance for small business owners. Here is an overview of the key provisions within the legislation that are likely to impact business owners in and around Los Angeles. Tax Deductibility of Business Expenses Paid Through PPP Loans The legislation ensures…
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Business Lawyers in Los Angeles
Jan 10 2021
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Should You Structure Your Business as a Protective Series LLC?

Posted by Posted in Entity Formation & Structure
If you are starting a business, one of the first issues that needs to be addressed is what type of business entity you want to form. There are partnerships, limited partnerships, C-corporations, S-corporations, and the limited liability companies (LLC). Out of these options, the LLC is one of the most popular and prevalent structures used by millions of people throughout the United States. The popularity of LLCs is generally due to the inherent flexibility as…
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