An Overview of Exit Planning

If you’ve just started your own business, your first thought is probably not to plan for how to close it down. Not planning for how to end your business can be a bad idea for many reasons, so it’s important that you have a solid exit plan set in place just in case something happens where you need or choose to shut down. Starting a business is a risky move that can have a handsome payoff and it’s important to Read More

5 Reasons Why Your Business Needs an Employee Handbook

The employee handbook is essential for every business. In it, you will detail everything your employees need to know. From corporate dress code to harassment policies, the employee handbook is a vital resource for both employees and business owners alike. But why is having a formal employee handbook really so important? It’s not as if it is an actual contract, although it may be construed as such, and it is important Read More

Understanding Non-Compete Agreements

In general, a non-compete agreement (NCA), or non-compete clause (NCC), is an agreement where one party agrees not to enter into or start a similar profession or trade that is in competition with the other party. Usually, the party agreeing not to enter, or “compete,” in another profession is the employee, and the other party is their employer. The main purpose of NCA’s is to prevent someone from working for a Read More

What Are My Other Alternatives to Litigating a Lawsuit?

Litigation is the process by which a case makes its way through the courts. It can be a long, drawn-out process that is not only time consuming, but also very expensive. Because of all of the formalities associated with bringing your case to court, there is often a lack of control that you have over what can and can’t be done. This is because there are so many rules and regulations that must be followed and often you Read More

Cover Your Bases: 7 Legal Documents That Every New Employee in Your Business Should Sign

Hiring a new employee is an exciting time. Not only does it mean your business is expanding and capable of taking on new hires, but it’s also an opportunity for someone to get to work and show you what they are capable of. But before your new employee gets to work, there are several key documents that they need to sign in order to protect both of you in your new working relationship. Below we discuss the most common Read More

Business Law 101: The Benefits of Organizing as a Corporation

When starting a new company, one of the first decisions you will have to make is figuring out which type of business entity to use. The way you structure your company is important because it will determine a lot of things, like how much you pay in taxes and your ability to raise money. There are several different types of business entities, but this blog is here to talk about the benefits that your California Read More

6 Tips for a Healthy Business Partnership

Starting a business partnership is an exciting time for you and your partner (or partners!). Partnership relationships are more intimate than other kinds of business relationships because you have to rely on—and trust—your business partner completely in order for your new venture to be a success. There are many things you’ll need to think about when starting a business partnership that are unique to this kind of Read More

Employment Law: 5 Tips for Resolving Employee Disputes

When you run your own small or mid-sized business, it’s not likely that you have an entire HR department at your disposal to make sure any issues with your employees are taken care of. Conflict is almost inevitable in smaller-sized workplaces, where you often have people of different backgrounds and beliefs working closely together all day, everyday towards a common goal. As the leader, you might not know what you Read More

5 Tips to Ensure a Smooth Organizational Transfer

Transitioning a business from the seller to the buyer can be a complicated process. However, there are steps that you can take to make the transfer go more smoothly. The following tips may help:     Meet with the buyer or seller. Whether you are a buyer or a seller, there is a lot of value in meeting with the other party before and after the closing. As a buyer, you can pick the seller’s brain about anything Read More

4 Key Reasons Why Investment Bankers Should Hire Legal Counsel

Investment banking is a complex, and often very high-stakes industry where everything has to be handled correctly to avoid potentially dire consequences. With multi-million dollar transactions commonly taking place, investment banks are wise to take every step possible to prevent and avoid legal issues. One of the best, and most common, practices for investment bankers is to hire external legal counsel to represent Read More