Considerations When Forming a C Corporation in CA Establishing your business as a corporation comes with certain benefits that will protect your business. It can help to protect personal assets from threats like creditors and lawsuits. It can also raise…
Is an Employee Handbooks Necessary Employee handbooks are commonly written and distributed to bring clarity and foster communication about workplace expectations. They can also prevent issues or legal liability. An employee handbook is a useful tool. Here are some reasons…
Due Diligence in Acquisitions Every corporate acquisition must involve a thorough assessment of a potential firm in order to be successful. This process, also known as a “due diligence evaluation” or “due diligence review,” entails thoroughly assessing the company that…
Breach of Contract Claim in Los Angeles Relationships in the business world usually involve some sort of contract or agreement. Whether they are between business partners, stakeholders, employees, clients, or vendors, these contracts are an essential structure to any activity…
What is a Force Majeure Clause? The literal translation of the term Force Majeure is “superior force” from French. When written into contracts, it addresses what should happen in the occurrence of unforeseen circumstances that were not initiated by either…
Alter Ego Liability in CA When a corporation is established between shareholders, there is an understanding that the corporation is viewed as a separate legal entity with its own assets and liabilities. This protects the shareholders from being personally responsible…
Partnership Disputes Partnerships require business owners to be involved and reliant on one another more than any other business structure. Due to this, the partnership relies heavily on the personal relationship between co-owners. This means that a relationship must be…
Firing an Employee Firing an employee is an unfortunate but unavoidable fact of owning a business. There are a wide range of reasons to fire someone, whether they violate rules or are simply not the right fit for the environment.…
Licensing Intellectual Property As discussed in our article about intellectual property (IP), it is an important asset for a business and so it needs to be protected. If a business has an opportunity to license their IP to another business,…
Punitive Damages from a Breach of Contract When a contract is breached, there are many losses to the company that may not be so apparent at first. It is often incalculable the types of damages that could occur such as…