What is Due Diligence in a Business Sale?

If you’ve ever sold or purchased a house, you know that agreeing to an offer is just the first step in a long process meant to finalize the deal. You want to verify the information provided in the listing and make sure that everything is done correctly so the sale can proceed smoothly.  The same principle applies to business mergers and acquisitions. As complicated as a home purchase is, though, business sales are Read More

The Importance of Term Sheets and What Should Be Included

Entrepreneurs whose startups have gotten over the “hump,” so to speak, are well-acquainted with term sheets. Investors—private equity partners and venture capitalists, in equal measure—typically insist on term sheets before finalizing any deals. Many business professionals consider term sheets and LOIs (letters of intent) to be synonymous with each other. Both are general, non-binding agreements that outline the Read More

How Should California Employers Handle COVID-19 Vaccinations?

Now that the COVID-19 vaccines have been widely available for some time and workplaces are opening back up, many employers are faced with deciding what their policy will be regarding workplace vaccination. Below is a discussion of some state and federal guidelines you should keep in mind as you craft and implement these policies.  Employers ARE Able to Require Vaccination Days after the first COVID-19 vaccines Read More

Pay Data Reporting for California Employers

Earlier this year, California employers had to handle yet another filing with state agencies. By March 31, employers with at least 100 employees were required to submit certain data about their workforce to the state’s Department of Fair Employment and Housing (DFEH). This requirement arose from a bill passed in the state legislature late last year; now law, SB 973 (codified as Government Code Section 12999) aims for Read More

New Emergency Temporary Standards for California Employers Effective June 17, 2021

The Emergency Temporary Standards (ETS) placed on California employers were recently revised. After a brief period for public comments, the state adopted the new ETS on June 17. While the new ETS relaxed many rules pertaining to mask usage, it also maintained a number of requirements for many California employers.  Some of the requirements from the original ETS that still apply going forward Read More

COVID-19 Supplemental Paid Sick Leave for California Employees

To help California employees fend off economic instability as the pandemic lingers in some corners of the state, the powers that be in Sacramento approved an additional 80 hours of paid leave for those affected by the virus. The program, dubbed Supplemental Paid Sick Leave (SPSL), applies to public and private employers with at least 26 employees.  The paid leave does not apply to independent contractors. Read More

Valuation Methods for Your Business

Some small business owners hardly ever need to have their companies assessed by a professional valuator. Others, like those in emerging or high-growth industries, might regularly engage with business professionals to determine the value of their enterprise.  Situations that call for a business valuation include:  Selling a business;Buying out a fellow owner’s interests in the company;Taking on significant Read More

Four Insurance Policies Your California Business Needs

The types of commercial insurance policies available to California business owners are almost as numerous as the different kinds of businesses in the state. For example, the insurance policies an HVAC company needs are incredibly different than the ones needed by a CPA. Only two insurance policies are required for all businesses in California: workers’ compensation and commercial auto insurance.  Workers’ Read More

Using Restrictive Covenants in California

Companies across the U.S. routinely use restrictive covenants in order to protect their legitimate business interests. A restrictive covenant—sometimes called a “negative covenant”—is an agreement where at least one party agrees to abstain from certain actions. The two most common restrictive covenants used in employment law are:  Non-Compete Agreements: This contract is used by employers to prohibit employees Read More

The Threat of PAGA Claims for California Businesses

If you are a California employer, you know that staying in compliance with the state’s myriad employment requirements takes considerable work. What you may not know is that the state has a procedure that allows employees to file very broad lawsuits against their employers for alleged labor violations. This is referred to as a PAGA claim, referring to the Private Attorneys General Act that was passed in 2004. The Read More