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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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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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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 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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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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16 May '18
Managing risk should be a key focus for all businesses. One important strategy that companies can use to protect themselves is to implement effective indemnification provisions. Such provisions can be instrumental in easing the financial burden of a lawsuit against your company. Rather, you can obligate your business partners to pay for the legal costs. Before you enter into any business contracts, you should consult with an experienced startup attorney in Los Angeles to draft […]
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Whether you have been a small business owner for years or if you are working through the stages of starting up your company, it is important that you take the necessary steps to protect yourself and your businesses. All of the terms and conditions included in intellectual property law can become overwhelming and it can be difficult to ascertain which type of protection you need. It is important that you consult with an experienced startup […]
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20 Dec '17
If your business has multiple owners, you need a sound buy/sell agreement in place. A buy/sell agreement is a contractual document between the owners or shareholders that creates rules for what will happen if and when one of the co-owners die, becomes disabled, needs to transfer his or her share, or decides to leave the company. A buy/sell agreement is a business planning tool designed to avoid negative outcomes if a misfortune happens. An experienced […]
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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
- 05Aug
Dispute Resolution in Business Agreements
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- 24May
Impact of Being Suspended by the Franchise Tax Board in California
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- 10May
Creating an LLC in California – Pertinent Info You Need to Know
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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.