As your business grows and evolves, the structure you initially began with might no longer be effective or the best fit for your current needs. As such, you may want to consider changing your existing business structure to adapt to the changing times. Recognizing when...
Business Law
Debunking myths surrounding business succession planning
Business succession planning is important for the continued success of a company. However, there are many misconceptions about this process. These myths can prevent business owners from making essential plans, leading to potential problems later on. It is important...
What are the benefits of LLCs?
Starting a business is a major undertaking. One of the most important things you can do when you decide to open a company is to plan carefully to enhance the chance of success. Ideally, this process will start well in advance of the company opening so the decisions...
Deciding how your new LLC will be taxed
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...
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...