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business lawyer in Los Angeles

Does Your Startup Qualify for a Loan Through the New Paycheck Protection Program?

Posted by Posted in Compliance & Securities
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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Payroll protection program

Payroll Protection Program Loan Forgiveness Limitations

Posted by Posted in Compliance & Securities
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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business lawyer in Los Angeles

The Potential Penalties Employers May Face in a Retaliation Claim

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 in Los Angeles

Resolving Business Disputes Outside of the Courtroom

Posted by Posted in Risk & Asset Protection
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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business attorney in Los Angeles

Insurance Coverage Helps Minimize Financial Risks

Posted by Posted in Risk & Asset Protection
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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Business lawyer in Los Angeles

Considering a Limited Liability Partnership?

Posted by Posted in Entity Formation & Structure
If 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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Business lawyer in Los Angeles

How to Effectively Reduce Liability Exposure of Your Business

Posted by Posted in Risk & Asset Protection
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 Clauses in Business Contracts – Important Info You Need to Know

Posted by Posted in Contracts & Agreements
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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Large Tech Company Embraces New California Privacy Law

Posted by Posted in Compliance & Securities
Many consumers have grown frustrated and skeptical of large companies and social media platforms neglecting to take necessary measures to protect their personal data. As a result, states are taking action to help fill the void. California is a prime example. The California legislature passed one of the most comprehensive privacy laws in the country, the California Consumer Privacy Act (“CCPA”). This legislation is set to take effect on January 1, 2020; however, the actual…
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