When looking for a business partner, it is somewhat important to find someone similar to you. If you have massively opposing views, it could lead to conflict. For example, maybe you want to focus on the quality of your products or the customer experience. You’re not...
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Business Transactions And Litigation
3 possible solutions for a business contract dispute
Contract disputes are somewhat common. Businesses negotiate contracts with workers, suppliers, landlords, customers and service providers. They expect the other party to uphold the agreement in good faith. However, contract violations are common. The parties may...
Legal considerations in franchising your business in California
Are you a California business owner dreaming of expansion? Franchising offers an exciting growth path, as demonstrated by the success of Trung Nguyen Coffee right here in our state. This Vietnamese coffee brand has established outlets in California, showing how...
3 important terms to review before signing a commercial lease
Starting a new business is an exciting process. It requires that an entrepreneur handle a variety of practical challenges. They must hire workers and acquire materials or equipment. They likely also need to establish a commercial facility somewhere. Whether an...
4 mistakes to avoid when dealing with unpaid bill collections
If you run a business, you know that avoiding unpaid bills and debts is almost impossible. How you approach the collections process can be crucial in maintaining good relationships with clients while ensuring timely payments. Ultimately, when collecting unpaid bills...
3 areas to address in a partnership agreement
You may consider starting a business without using a partnership agreement. But if you’re going to be working with someone else, this is generally not advisable. It can lead to serious disputes and legal issues in the future. By creating a partnership agreement, the...
The potential benefits of running a franchise
As an entrepreneur, there are several routes to go down in terms of running your own company. For instance, you may have an innovative idea and want to start your own brand from scratch. Another popular option is to buy into a franchise. While this is by no means...
Is an LLC structure the best option for your new company?
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...
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...