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Pros and Cons of Doing a Series LLC in Delaware (1) - Hakim Law GroupPros and Cons of Doing a Series LLC in Delaware (1) - Hakim Law Group
Sep 24 2024
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Pros and Cons of Doing a Series LLC in Delaware

Posted by Posted in Entity Formation & Structure
If you are considering establishing a limited liability company (LLC) in Delaware, but are looking for enhanced legal protections, it may be worthwhile to consider doing a Series LLC in Delaware.  A Series LLC is a unique structure that allows for the creation of multiple “series” within one LLC, each with its own assets, liabilities, and operations.  Under Delaware law, an LLC is allowed to be composed of an individual series of membership interests.  In…
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AI Regulations Under Consideration in California - Hakim Law Group
Aug 29 2024
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AI Regulations Under Consideration in California

Posted by Posted in Compliance & Securities
California lawmakers recently voted to advance legislation that would require artificial intelligence companies to test their systems and add safety measures to prevent them from being potentially manipulated to wipe out the state’s electric grid or help build chemical weapons — scenarios that experts say could be possible in the future as technology evolves at warp speed, according to the Associated Press. The bill, SB 1047, specifically requires developers of large AI models to conduct…
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Negotiating a License Agreement
Aug 06 2024
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Negotiating A License Agreement

Posted by Posted in Contracts & Agreements
License agreements are necessary for the parties on each side of the transaction. Licensors, the inventors of software, creators of design, or benefactors of brand recognition, can monetize their intellectual property. Licensees can use the authorship or invention of others without being accused of infringement. A license agreement transfers the right to use and transforms infringement into a permitted act. At the Hakim Law Group, our team of intellectual property attorneys is here to guide…
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Top Business Lawyer in Los Angeles
Jul 17 2023
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Importance of a Limitation of Liability Clause in a Business Agreement

Posted by Posted in Contracts & Agreements
In a business contract, a limitation of liability clause limits the amount or type of damages that may be recovered in the event of a claim, breach, or lawsuit. It is typically designed as a risk management and allocation tool, contractually insulating one or both parties from excessive or unforeseen liability. Depending on the specific requirements of the business agreement, a limitation of liability clause may be tailored to contain different aspects, including the maximum…
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Top Business Lawyer Los Angeles
Jan 27 2023
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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
Jan 13 2023
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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 los angeles
Dec 13 2022
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Proposed Regulations for Charitable Crowd funding

Posted by Posted in Compliance & Securities
In October 2021, California became the first state to regulate fundraising platforms used by charities. These platforms are used by charities to support their cause through monetary donations and other activities. These platforms existed without the full regulation of California’s fundraising laws. As business lawyers in Los Angeles, the professionals at The Hakim Law Group want the public and charitable organizations to be aware of the new regulations coming into effect on January 1, 2023,…
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Business Lawyer Los Angeles
Aug 21 2022
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Corporate Governance: The Effects Upon Public Image

Posted by Posted in Corporate Governance / M&A / Exits
Although unseen by the public, the practices and the systems of rule that control a company’s framework have a direct effect upon the public’s image of the company. Investors and shareholders are members of the public, but this is a small group when compared to the pool of customers who interact with the employees at the operations level. As a business lawyer in Los Angeles, I can affirmatively state that ineffective processes at the top…
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Business Lawyer in Los Angeles
May 13 2022
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Should you Form an LLC in the Current Economic Climate?

Posted by Posted in Entity Formation & Structure
With the current competitive economic climate, it is pertinent that all businesses are operating under the best legal structure for their purposes. Forming a limited liability company may be the best idea for your business. After all, a limited liability company, or LLC, is a specific business entity that blends the best parts of both partnership and corporate structures. There are actually several reasons to select an LLC as your business’s structure. However, it should…
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