Deciding on the most suitable formation structure for a new company is an important step that can significantly influence its operational flexibility, tax liabilities and legal protections. Among the various business structures available, the limited liability company...
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Business Transactions And Litigation
The importance of a buy-sell agreement in your partnership
You may be looking forward to a long, healthy relationship with your new business partner – but nothing lasts forever. Eventually, one of you will decide to move on, whether that’s because you ultimately decide on different goals or one of you just wants to retire. A...
The importance of a quality LLC operating agreement
Running a business in California isn’t easy by any measure. Part of that difficulty can certainly be the complexity of the thick volume of legal code every business is expected to adhere to in the state. This can become even more tricky when the business is a limited...
2 important elements of hiring new employees
Hiring new talent as a small business owner can be a big step. It can also be a stressful process as you try to find the best fit for your business while maintaining the day-to-day operations. Whether this is your first foray into the hiring process or not, you may...
Do you need a website for your small business?
Running a small business in this modern world can be rewarding but stressful. The to-do list never ends, and you must keep up with the business trends. One critical trend for businesses nowadays is maintaining a business website, though many small businesses do not...
California passes a new law requiring salary information in job postings
California has become the first state to pass a law requiring job postings to include specific details such as pay, hours, and benefits. This new law could limit the exploitation of workers and ensure they are appropriately informed of their rights when job-hunting....
Information about LLC agreements
Creating a limited liability company in California may be an effective way to protect yourself from claims made by clients, employees or other parties. If a judgment is rendered against the business, only company assets can be used to satisfy it. One of the key...
Lawsuits against business owners
Business owners realize they must keep their enterprises solvent to keep them operational. Reduced cash flow and changing market conditions are not the only factors that might hamper a business in California. Civil litigation could prove costly, and business owners...
How businesses are impacted by recessions
California State Controller Betty Yee, along with other economists, believes the country is either already in the midst, or headed for a complete recession within two years. During a Solvang Chamber of Commerce conference on Aug 24, Yee noted that some of the largest...
Types of small business taxes in California
California has some of the highest business taxes in the US. It's important to choose your small business structure wisely to reduce your tax burden. Taking advantage of tax saving strategies will also help minimize how much you owe. Corporate tax California has a...