Whether it’s selling gadgets as simple as Fidget Spinners, or something much more complex, like creating the next grocery delivery service app, every business needs to be run efficiently and properly to make it through its first year. When running a business, issues such as taxes, liability, and insurance may arise. As the wheels start moving, one may ask: Should I continue my sole proprietorship, or form an LLC? Not every business starts with “a…
Read More
Raising money through crowdfunding may seem simple and easy, especially since there are popular websites that claim to streamline the process. Unfortunately, if you do not talk with a business lawyer in Los Angeles before you post your information in order to solicit funding, you could create legal problems for yourself and your business. You could also put your ideas at risk. Your idea for your product or service has value, and you do not…
Read More
Incorporating a business involves more than just filing the articles of incorporation with the state’s secretary of state. Failing to perform the necessary additional steps can create financial and legal problems. What follows are 5 essential steps in business incorporation: Choose Your Management Team The selection of a board of directors is a straightforward but essential task in a valid incorporation. Based on the type of corporation or state of incorporation, the number of directors,…
Read More
All commercial contracts have a number of material provisions at the end of the agreement which most people think of as “boilerplate” provisions and which most company representatives overlook when negotiating and signing the contract. Ironically, when a dispute arises, the statistics show that it is the “boilerplate” provisions that are most heavily litigated. This is because of the serious consequences that these can provisions have when a contract dispute arises. An experienced business lawyer…
Read More
A greatbusiness lawyer in Los Angeles is essential for startup companies as well as more established businesses. When you can get help in different areas of the law, you can save valuable time in your business dealings. Here are five key areas where every company needs qualified representation. Commercials TransactionsThe standard clauses at the end of contracts can lead to – and often are the main source of – major disputes down the road, which…
Read More
Many types of contracts have an arbitration clause, but should you include one in yours? Arbitration is a type of dispute resolution that happens outside of the courtroom when two parties come to a crossroad over a contract dispute. The ruling of an arbitrator can have the same weight as the ruling of a judge. Arbitration can be either voluntary or mandatory, which comes with advantages and disadvantages. Hence, it is of utmost importance that…
Read More
The JOBS (Jumpstart Our Business Startups) Act was passed in 2012 with the intention of making it easier for investors to fund small businesses. This legislation was largely seen as a victory for the small business community as well as for investors alike. The JOBS Act removed many SEC regulations regarding who could and could not invest in startups, in addition to when a business was required to go public. Before the passage of the…
Read More
Tough negotiations are part and parcel when it comes to buying or selling a business. All involved parties will do whatever they can to protect their interests in the deal, and all parties are responsible for taking the necessary steps to protect themselves throughout the purchase and sale process. If you are entering negotiations to buy or sell a business and approaching the phase in which you need draft the terms for an actual letter…
Read More
