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business lawyer in Los Angeles

Business Attorney in Los Angeles

New Privacy Law May Be on the Horizon in California

Posted by Posted in Compliance & Securities
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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Contract Lawyer in Los Angeles

Sole Proprietorships and Other Individual Business Ventures

Posted by Posted in Entity Formation & Structure
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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Business Attorney in Los Angeles

Business Succession Planning

Harvard 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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Business Attorney in Los Angeles

How to Effectively Utilize Social Media to Recruit without Exposing Your Business to Civil Liability

Social 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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Employment lawyer Los Angeles

Review and Revamp Your Injury and Illness Prevention Program

In the midst of the Coronavirus pandemic, workplace safety and cleanliness have become extremely important, even life-saving in certain instances. Hence, is critically important for business owners to be proactive and implement infectious disease prevention measures to promote an overall safer work environment for their employees. It is also important to understand that business owners have a legal obligation to provide a safe and sanitary work environment to employees. The Occupational Safety and Health Act…
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Business Lawyer in Los Angeles

Significant Changes to the Paycheck Protection Program

Posted by Posted in Compliance & Securities
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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The New Employee Retention Payroll Tax Credit

The New Employee Retention Payroll Tax Credit

Posted by Posted in Risk & Asset Protection
The landmark $2.2 trillion CARES Act passed by Congress was designed to try and help support U.S. businesses and workers during the Coronavirus pandemic. The massive legislation includes an array of financial incentives and loan programs for business owners, including people who own startup businesses. One of these provisions is the Employee Retention Payroll Tax Credit.  This credit is designed to help businesses, including startups, retain employees, even in the face of steep declines in…
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Three Reasons Why Incorporating Makes Good Business Sense

Posted by Posted in Entity Formation & Structure
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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Why You Need a Business Lawyer

Posted by Posted in Business Law
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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