You hear so much about corporations and LLCs but do you know when you should have one, and what are the similarities and differences between these under California Law? When Should You Have A Corporation Or LLC: The answer is when you need to protect your personal assets from business debts. So if you have [...]
A warranty is a statement made by one party to another party on which the other party can rely. A guarantee is different because it is a promise to pay for the debt of someone else. Most people and contracts mix these two terms. Most, if not all, construction contracts contain warranties. Examples of express [...]
If you are running a business in California, there are numerous things to worry about. Here is a list of a few new 2017 laws to help you and your business stay in the loop: Minimum wage, equal pay and paid parental leave: The statewide minimum wage was raised from $10 to $10.50 an hour for [...]
So you want to start a new business and your accountant tells you to have an attorney form an LLC or Corporation. If there is no tax difference between the two, how do you know which one is better for your business? Your attorney will probably guide you on which one provides better liability protection. [...]
Most business relationships start with a contract. This contract can be verbal, or written; very informal or formal, but let’s not forget that at the heart they are all contracts. Most business lawsuits also involve contracts and start over a contractual dispute. So we cannot discount the importance of words that constitute our agreements in [...]
A. Corporations The owners are shareholders and receive stock certificates. The shareholders elect the board of directors annually.