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Prerequisites for Opening a Bank Account for an LLC

Posted by Posted in Entity Formation & Structure
One of the benefits associated with establishing a limited liability company (LLC) is the ability to open an independent bank account designated for the LLC as a standalone legal entity. Opening a bank account for your LLC is also a good business practice since it reduces the risk of coming ling business funds with personal funds. Below are some preliminary considerations and prerequisites that need to be met in order to open a bank account…
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Business Attorneys in Los Angeles

The California Privacy Rights Act is in Full Effect– Is Your Business Ready?

Posted by Posted in Compliance & Securities
If you conduct business in California, it is important to take steps necessary to ensure compliance with the California Privacy Rights Act (CPRA). Why? Because the CPRA went into full effect on January 1, 2023. At that point, all covered businesses will be subject to a set of rigorous requirements related to the collection, retention and use of consumer information. In addition, covered companies will be required to do the following: publish privacy policies applicable…
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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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What to Do if the Other Party Breaches your Contract

Posted by Posted in Contracts & Agreements
No matter the type of business you own or manage, contracts are certainly a daily, and integral part of business. With every contract there is always the possibility of the other party breaching the contract, regardless of the terms and relationship. Breaches of contract always run the risk of harm to your business, so it is important to work with an experienced business lawyer in Los Angeles to protect your business in the event of…
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