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business lawyer in Los Angeles

Essential Elements of Employment Contracts

Essential Elements of Employment Contracts

An employee contract is a binding document that clearly defines the expectations of an employee and the nature of the employment relationship.The agreement should be written for the benefit both parties and outline all the terms and conditions of the employment offer, prior to applicant’s start date, so there are no surprises. Once the offer is accepted, and the agreement is signed, an employee/employer relationship has been consummated. While such contracts may cover criteria and…
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Business Lawyer in Los Angeles

Are Non-Compete Agreements Enforceable?

Posted by Posted in Contracts & Agreements
Have you ever entered into a non-compete agreement as a boss or an employee, or are you currently considering doing so? If so, you may be worried about the standard business contract, and whether yours is completely valid or legally enforceable. We have you covered.Here we will address your concerns and answer your questions regarding non-compete agreements: What is a Non-Compete Contract? A non-compete contract is an agreement that will prohibit employees, contractors, or equity…
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Impact of Being Suspended by the FTB

Impact of Being Suspended by the Franchise Tax Board in California

Posted by Posted in Business Law
If you conduct a search for a specific business on the California Secretary of State’s website, you may discover a business labeled as “FTB Suspended.” If a business has been tagged with this label, it means the California Franchise Tax Board (FTB) has decided to suspend the business. If your business winds up getting suspended by the FTB, the ramifications can be severe. For example, when your business is suspended, you are unable to legally…
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Corporate Lawyers Los Angeles

Corporate Dissolution Explained

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 attorney in Los Angeles

Major Employment Laws Going into Effect in 2021

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

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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Business Lawyers in Los Angeles

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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Business Law Attorney Los Angeles

Now is the Time to Prepare for the California Privacy Rights Act

Posted by Posted in Compliance & Securities
If you are a business owner in California, protecting your customer’s personal information and sensitive data is no longer optional – it is legally required. This is due to the passage of the California Privacy Rights Act (the “CPRA”), a ballot initiative that passed by public vote on November 3, 2020. The CPRA is a groundbreaking law that sets California apart from virtually every other state in the country when it comes to consumer privacy…
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Business attorney in Los Angeles

Should Non-Compete Agreements be Utilized for Certain Employees?

If you are attempting to grow your team by recruiting a new employee, particularly a high-level executive, you may be wondering if a non-compete agreement is necessary, or worth considering. Generally, non-compete agreements are used to expressly prohibit an employee from working with a direct competitor during, or immediately after, their employment with your company. These types of agreements can be beneficial if you are in an extremely competitive sector and have concerns about an…
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