Business Law

Renting commercial space provides flexibility for business leaders. If a company fails or grows more rapidly than they expect, they can move on to a new location when the lease ends. They can also rely on the landlord to provide certain amenities, as well as...

When launching a new business, many entrepreneurs choose a limited liability company (LLC) because they want to separate their personal assets from business risks. LLCs are often promoted as a simple way to shield yourself from business-related lawsuits, debts and...

There are countless reasons why businesses evolve and change. Markets shift as consumer needs and tastes evolve over time. Changes in leadership and operational costs as well as new local competition can also make it necessary to pivot. Changing how a business...

When many people hear the word “succession,” they immediately think of the popular television show about a wealthy family battling for control of a business empire. While the drama makes for entertaining television, real-life business succession involves far more...

Significant life events can create sudden uncertainty for closely held businesses. When a partner experiences a divorce, death or other major transition, the value of the business often becomes a central question. A current and defensible valuation helps protect the...

You have spent years building your business, shaping its reputation and earning the trust of clients. At some point, a decision will stand in front of you that feels both practical and personal: who should take over when you step back? Many owners expect a family...

If you co-own a business in California, you already know that things rarely stay the same. Partners retire, relationships shift, priorities change and sometimes, unexpected events force hard decisions. The question isn’t if change will happen. It’s whether your...

Many business owners think ownership transfer and management transition are the same. They often happen together, but they are not the same step. Knowing the difference helps you protect your business, your team and your plans. This matters in family-owned or...

As a business owner, you know that you will have to take risks. This risk may include simply seeking financing and taking out business loans. The future can be unpredictable, but you hope that your debt levels will be sustainable and allow the company to grow. One...

Business succession planning is often treated as a one-time exercise. In practice, it works best when it changes as your business and personal life change. In California, changes in ownership, value or control can affect succession outcomes, even when no one plans...