Upon formation of a corporation, directors are named in the Articles of Incorporation or are appointed by the incorporator. Thereafter, directors are elected annually. Directors could be removed, generally, if outstanding shareholders approve the removal.…
In order to sue a business, there are several steps you have to go through, which include determining your own standing and legal capacity, identifying the correct party to sue, and following specific rules based…
What Is Preliminary Relief In CA? Plaintiffs are often confronted with the dilemma of prolonged litigation vis-a-vis losing their business to trademark infringement, competition, etc. Preliminary relief in some instances, along with other litigation tactics,…
In business law, the Uniform Commercial Code (“UCC”) governs contracts for the sale of goods in California. In this article, we explore in some depth formation of such contracts and remedies available to buyers and…
Heard often in legal/courtroom dramas, business owners will boldly yell at someone that he or she will be sued for libel. Sure, it adds drama, but what does libel really mean? Within the context of…
With taxes looming over us and haunting our financial and non-financial decisions alike, it is time to delve into our expenses and find places where we could deduct some taxes, if possible. There are some…
When buying a product, consumers want to be sure that it has passed all safety checks and has the necessary precautions to function properly, and safely. In fact, if a consumer buys a product…
When starting a small business, many owners envision having long-term success and meeting their business goals. However, not all businesses succeed financially; many owners find themselves in situations where they must declare bankruptcy. Given…
With relatively high unemployment and volatile economic conditions, people have to contend with rather onerous and exorbitant credit card debt accumulated over the years. Such people often make their monthly payments without paying down…
