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Privacy law has been a hot topic in California. It was not too long ago that the California Legislature passed the California Consumer Privacy Act (the “CCPA”). In fact, it was so recent that the CCPA officially went into effect at the beginning of 2020, with the enforcement period commencing as of July 1, 2020. Despite the recent passage of the CCPA, the California Legislature is seriously discussing the passage of another privacy law by […]
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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 […]
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The U.S. Securities and Exchange Commission (the “SEC”) effectively redefined what it means to be an “accredited investor” and “qualified institutional buyer” after it adopted amendments in Rule 501(a) under Regulation D and Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). The SEC issued a statement indicating that it adopted these amendments as part of a larger effort to simplify, harmonize, and improve the exempt offering framework under the Securities […]
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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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Hakim Law Group
- Hakim Law Group, 11812 San Vicente Blvd., Suite 380, Los Angeles, CA 90049 United States
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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.