Deciding on the most advantageous way to tax your new limited liability company (LLC) is an important step in establishing a solid foundation for your business. This decision can significantly impact your financial health, influencing everything from your take-home...
Business Law
Why succession planning is useful for your business
Business succession planning is closely related to estate planning. Many people consider it because they are passing a family business onto the next generation. They can certainly see the benefits for their immediate family members of having a clear, well-defined plan...
Factors that could invalidate a non-disclosure agreement
A non-disclosure agreement (NDA) can be an important tool in protecting your business trade secrets, confidential information and intellectual property from being disclosed to unauthorized parties. As legal documents, it helps to understand that mistakes can...
Preventing business disputes with your suppliers
The fewer legal disputes a business faces, the more it can focus on expanding and remaining profitable. Nonetheless, disputes are inevitable from time to time. If your business relies on the products and services of different suppliers, then preventing disputes in...
Can nepotism impact someone’s business succession plan?
A business succession plan is a form of protection for a company. Owners, managers and executives can benefit from putting together thorough plans to allow someone else to take over their job. Ideally, there will be plenty of time to plan that transition and provide...
Strategies for choosing a partner when forming a new business
A significant financial investment is usually required to get a new business off the ground and headed for success. One way many entrepreneurs offset these expenses is to take on one or more business partners. A business partnership allows you to share labor and...
Real estate laws all California sellers must know
California’s real estate market is somewhat confusing, with various laws and regulations that must be followed. Failure to meet the requirements and standards can result in issues for sellers. Learning more about the state’s real estate laws can help you take the...
Why forming an LLC might be the best option for your new company
The legal structure of a company impacts numerous foundational aspects of its operations. From how a business is taxed to whether owners risk personal liability for their company’s debts and/or legal judgments, the legal structure of a company matters. If you aspire...
What should you put in a partnership agreement?
A partnership agreement is an important document when starting a business with someone else. In many cases, business owners are tempted to use a handshake agreement and not put anything official in place. But it is much better to have official documentation to lower...
How can you structure your family business?
A business’ success relies on several variables, one of which is the company’s structure. It is crucial for the business’ goals and priorities to be perfectly aligned with its entity. This is because an entity’s formation also dictates a company’s liability extent and...