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...
Business Law
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...
Should you consider a business partnership?
When you start a business, you have a lot of important decisions to make. And one of those is whether or not to take on a partner. A business partnership can be a great way to grow your business and tap into new resources, but it's not suitable for everyone. Here are...
Potential advantages of buying a business
There are certainly advantages to starting a business from the ground up, one of which is that it often doesn’t take that much capital. People will start a business on the side and then attempt to grow it into a full-time occupation. However, if you buy an existing...
3 benefits that entrepreneurs derive from creating LLCs
Starting a new business in California always comes with risk, which is one reason why people start formal business entities. They want to protect themselves from legal liability and reduce the taxes that they may have to pay if the business proves successful. People...
3 tips for resolving partnership disputes
People who go into business together usually start out with a shared vision for the company. This is usually the driving force for them. As time progresses, that shared vision might become a source of contention when they don’t see eye-to-eye about something that’s...




