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March 2018 Archives

What is intellectual property?

As a small business owner in Westminster, you need to take full advantage of every resource at your disposal in order to stay competitive. That includes the unique ideas, processes, symbols or brands that are used in your business. So what happens when one of your competitors copies one or more of those unique elements and starts incorporating them into its operations? Can it do so without your permission or having to compensate you for their use? 

Understanding intestate succession

As you begin to experience personal and professional prosperity in Westminster, your thoughts should turn to estate planning. The most common reason cited by those who come to see us here at The Law Firm of Lan Quoc Nguyen & Associates as to why they wait so long to begin such planning is that they do not want to consider the prospect of their own deaths. While that concern may be understandable, there is danger in waiting too long. If you keep putting this important process off, you could end up dying without a will. 

Moving away with the kids

The goal of all of those in Westminster who have recently divorced is to move on with their lives. For some, that only becomes easier after having left the local area and the many reminders they see of their marriages. Relocation following a divorce may be necessitated by the desire to move, the need to be near family or the circumstances of one's career. In any event, it becomes much more complicated if one has children with his or her ex-spouse. 

What is negligent entrustment?

Not all car accidents are created equal. Should you be involved in a minor fender-bender in Westminster, then your repair costs (and medical costs, if there are any) are likely to be fairly low and will often be covered completely by auto insurance. High-impact collisions, on the other hand, can easily produce extensive damage to your vehicle and leave you and/or your family members facing enormous medical expenses. When this happens, you may be forced to seek compensation from the driver responsible. Yet if he or she is a teen, then he or she is unlikely to be able to help you. Can you then try to hold his or her parents responsible? 

Tax tips for small business owners

Small business owners must always be prepared in ways that include hiring the right employees, having enough money for payroll, focusing on marketing strategies, ensuring a steady and consistent flow of inventory and … tax season.

What are the advantages of forming an S corporation?

For Vietnamese business owners in California’s Little Saigon/Westminster area and beyond, setting up or restructuring your company as an S corporation has some advantages to consider. This business form limits the number of shareholders and offers some appealing tax benefits as well. Here is a brief look at some of the pros and cons of forming an S corporation.


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