Should You Draft Your Own Business Contracts? As a business attorney, you need to have an education in law and years of experience to draft contracts that effectively serve your clients. Contracts that are not prepared by competent legal counsel…
How to Create An Effective Operating Agreement In a partnership, as with other types of unions, you must establish communication in order to achieve shared objectives. By drafting a detailed operating agreement before the partnership is formed, you can prevent…
What You Should Know About Startup Laws There are so many prospects for creative entrepreneurs in the rapidly growing startup culture. Knowing your rights and the laws around founding a startup is so important. With the proper knowledge, you will…
Assignment for the Benefit of Creditors (ABC)? The best course of action for businesses in financial trouble may involve selecting between a reorganization and liquidation. A trusted lawyer can be essential in selecting the best strategy for your company, as…
What Is the Right of First Refusal? The right of first refusal is an essential legal safeguard that enables business owners to safeguard their financial and ownership interests. Before the stock is sold to an outside buyer or party, the…
Are LLC Membership Interests “Securities”? In a recent and unexpected development in government guidelines, securities law can now apply to an ownership interest in an LLC. An ownership stake may occasionally qualify as a security covered by federal and state…
Transferring Property to an LLC In California, when real estate is transferred it typically results in a change in ownership, which causes the property’s taxable value to be reassessed. However, there are a few exceptions to help avoid a reassessment…
Informal Discovery Conference For any business owner, litigation is a hefty investment. However, working with a good lawyer can significantly reduce your legal costs and save valuable time. New rules have established informal discovery sessions that may be used to…
Angel Financing, Venture Capital, or Private Equity? Collateral serves as insurance for secured creditors’ investments and while it can offer prudent financial security, that is only true if creditors abide by all legal guidelines. This is why it’s wise to…
Do I Need a PPM When Investing? A PPM, or private placement memorandum, is a useful marketing tool that informs and sparks up interest, but it also helps investors comply with SEC law. A PPM is used to offer security…