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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...
Artificial intelligence (AI) is reshaping business operations in a variety of ways, and some of these are providing business owners with attractive opportunities to improve their efficiency. While it may be tempting to jump on board as quickly as possible, the use of...
Deciding to lease a commercial property is a big investment in your company’s future (and also in your own). Before taking the plunge and signing that lease, make sure that all your ducks are indeed in line. Below are some practical tips to follow when leasing, and...
Intellectual property can be one of your most valuable assets. It represents your work, your ideas and the effort you have invested over time. The question of whether you need to secure these rights formally often comes up, and the short answer is yes. Without proper...
When people purchase real estate, they acquire title rights. They sign a deed that includes specific language about their ownership arrangements. Many people hold title in a simple manner. They simply include the names of all owners on the deed as joint owners. There...
Leasing commercial property in Beverly Hills can be a significant step for your business. While this move presents growth opportunities, it also carries risks. When approaching this matter, a rushed decision can lead to a situation that negatively impacts your...
Receiving a substantial inheritance after a loved one passes away often feels like a mixed blessing. You may now have life-changing financial resources, but the toll was losing someone you care about. Along with emotional complications, your inheritance can also...
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...
It’s easy to assume that your spouse, adult child or a trusted relative could just step in and take care of things for you when you’re incapacitated. However, that’s not how it works. Without proper legal authority, no one can act on your behalf, despite your...
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...
