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Starting a new business venture is an exhilarating experience, but is also rife with potential risks and pitfalls. Hence, it is so important to conduct a level of due diligence to ensure the business is worth your time and effort. There are a variety of services available online that assist entrepreneurs in creating a business. However, simply filing the paperwork to starta business is just the first step in a fairly lengthy and arduous process. […]
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If you are the owner of a sole proprietorship, single-member LLC, or other individual business venture, it is important to document your transactions, even if they only involve you (the business owner) or other related parties. Let’s say, for example, there is corporation with two shareholders that needs more equity to grow the business.Both shareholders agree to extend a loan to the company and with the expectation of getting reimbursed within five years. Even though […]
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21 Aug '20Harvard Business Review reported that close to 70 percent of family-owned businesses fail or get sold to a third party before a second generation owner gets a chance to take the proverbial reigns. And only around 10 percent of family-owned businesses remain active, privately held companies for a third-generation-owner to lead, according to HBR.org. If you own a small business, you may be asking yourself, “what steps can I take to protect my business and […]
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10 Aug '20Social media is no longer relegated to leisure and selfies. Employers have integrated social media to assist in recruiting and hiring top talent. For example, it is now the “norm” to post and publicize job listings on social media platforms to recruit prospective applicants.In addition, many employers use social media to help investigate and evaluate candidates by reviewing their profiles, interests, public statements, posted photographs, and other information, assessing whether the candidate is a right […]
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The Paycheck Protection Program Flexibility Act of 2020 was passed by Congress and signed into law by the President recently. The PPPFA was passed in order to address a number of significant issues related to its progenitor, the Paycheck Protection Program. The original PPP program was a pillar of the landmark $2.2 trillion CARES Act aimed at helping small business owners and average Americans financially during the Coronavirus pandemic. The PPPFA modifies the PPP program […]
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Many people going into business become so consumed with finetuning their service or product that they overlook the importance of protection afforded to them and their business interests through incorporation. If you want to avoid a host of potentially damaging issues – including false claims of ownership by others and creditors coming after you personally to satisfy debts of the business – the sooner you incorporate, the better. In this issue, Afshin Hakim, a highly […]
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17 Apr '19
Today, there are more than 30 million small businesses in the United States, according to the U.S. Small Business Administration. While the first few years of a business’s life are usually the most difficult, having the fundamentals in place before launching your new endeavor is key to staying in businesses for years to come. In this issue, Afshin Hakim, a leading business attorney in Los Angeles, will discuss why leveraging the knowledge and expertise of […]
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An effective employee handbook will act as a manual for what your employees can expect and what your company expects from them. If your handbook does not have clear policies, you could run into big problems.An employee-related lawsuit against your company can cause serious financial issues, additional problems in the workplace, and potential damage to your company’s reputation.Plaintiff’s attorneys will look for loopholes when attempting to justify an employee’s behavior outside of your expectations. Therefore, […]
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Forming a new business is an exciting adventure. However, new business owners must ensure that they take steps to protect themselves and their business. A simple overlook could have very serious implications down the road. Before taking any steps, consult with an experienced business lawyer in Los Angeles and sort out the following: Business Structure Prior to forming your new business, you should first determine which business structure would work best to fit the needs […]
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16 Aug '17
A corporate attorney can help you ensure that your trade secrets are kept secret and protected by the law. A trade secret is any non-public, valuable information that gives your company an advantage in the market or over its competition. No company wants others to benefit from their research and efforts to develop an exceptional product or service. A trade secret can involve a variety of items, which may include formulas, data, methods of development, […]
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Hakim Law Group
- Hakim Law Group, 11812 San Vicente Blvd., Suite 380, Los Angeles, CA 90049 United States
- info@hakimlawgroup.com
- (310) 993-2203
Latest Posts
- 16Apr
Major Employment Laws Going into Effect in 2021
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- 16Mar
The New Paycheck Protection Program Loan
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- Business Law
- 16Mar
Understanding Alter Ego Liability
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- Business Attorney,
- Business Law Attorney
Client Testimonials
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.
Brandon KashfianAltaThera PharmaceuticalsHakim Law Group has consistently delivered high quality advice and documentation ahead of our timelines and on or under budget. They remain a key ally for us in all aspects of our corporate development.
Alexander C. LogiePersonally, Inc.