It’s not uncommon for business owners and managers to face legal disputes at some point in their career. Suppliers or buyers may claim a breach of contract, employees may feel they were treated unfairly or fired unfairly, or shareholders and…
What determines a winnable business lawsuit? As a business owner, you’ll frequently have to make difficult choices. Choosing when to take legal action against someone is one of the hardest decisions for business owners to make. There are a number…
How are business divorces handled? Co-founders of businesses may decide to part ways for many reasons. A partner could retire or step down. Priorities may change. Personalities can conflict. The company might not be making enough money. Business associates can…
Can investors sue the founder if a startup fails? When a startup fails, investors may understandably feel frustrated and disappointed. After all, they have put their money and trust into a venture with the hope of making a profit. However,…
What happens to my business during a divorce? Any business started during a marriage will be regarded as community property. This implies that the other spouse has a legal right to receive half of the business’s worth when assets are…
How do I limit my company’s liability if we are sued? As a business owner, the possibility of being sued is a reality that you must prepare for. While it is impossible to completely eliminate the risk of being sued,…
How do courts decide when dividing money earned from business in a divorce? The value of your business will be determined by the court during a divorce, typically with the assistance of forensic accounting professionals retained by one or both…
What are legal and equitable estates? Legal Title A legal title describes the obligations and duties an owner has to uphold, utilize, and manage a property. The ownership of the property is determined by its legal title. The individual with…
What is the difference between a law and an agreement? An agreement often involves two or more private individuals or organizations. Whereas a law is a decree made by the government that is binding on all people included in its…
An overview on Conversion Civil Law Conversion in Civil Law: An Overview Conversion is a term that is used in civil law to describe the unauthorized use or disposal of another person’s property. This can occur when someone takes possession…