Anyone who’s launching a business has several decisions that they have to make. One of these is deciding on the right legal structure. One common option that entrepreneurs explore is a limited liability company (LLC). An LLC is the most flexible and protective option...
Business Law
3 benefits of establishing a clear succession plan
Business executives and other organizational leaders often aspire to keep their positions indefinitely. They want to help the organization thrive and profit off its success. However, no one knows what the future may bring. Family emergencies, medical events and even...
Joint ventures: How they differ from partnerships
A joint venture is a business arrangement where two or more parties come together to achieve a specific goal. Each party contributes something of value, such as money, skills or property. They then share in the risks and rewards of the project. Joint ventures are...
Common types of intellectual property disputes in business
Intellectual property (IP) is often one of a company’s most valuable assets. When disputes arise, they can disrupt operations, damage a brand or even result in financial loss. Understanding the types of IP disputes and how to handle them is key for any company. Here...
How can you convert a sole proprietorship to an LLC?
Running a business as a sole proprietorship is straightforward, but it exposes you to personal financial risk. Your personal assets—like your home or savings—are directly tied to business debts and liabilities. If something goes wrong, creditors can come after your...
Should you include an indemnification clause in your agreements?
When starting a business partnership in California, it’s important to have a clear agreement in place. One thing to consider is whether to include an indemnification clause. This clause can help protect you and your business from certain risks, but you should know how...
How does an LLC help to protect a small business owner?
New small business owners typically put a considerable amount of time and effort into starting and growing their businesses. Because they have so much invested, it’s critical that they take steps to protect themselves and their business. One option for doing this is...
What if my business partner suddenly passes away?
The sudden death of a business partner can shake your company's foundation. This tragic event can be emotionally and financially devastating. Beverly Hills business owners who prepare for these unforeseen circumstances can better safeguard their enterprises and...
Is your non-disclosure agreement valid?
A Non-Disclosure Agreement (NDA) is a critical tool for protecting sensitive business information, but not all NDAs hold up in court. Ensuring your NDA is enforceable requires careful drafting and compliance with key legal principles. Here are the essential...
What should a partnership agreement contain?
It’s helpful to use a partnership agreement when you’re starting a new business with someone else. That relationship needs to be officially defined. This can help to prevent disputes or confusion in the future. But you may never have started a partnership before. What...
