Five Tips for Picking Your Business Name

When starting a business you will have a lot of important decisions that need to be made. One of the most important is picking out a business name. This name will remain in place long into the future and will have an impact on your marketing strategy, branding, and much more. With this in mind, you really need to think through your options to ensure you make the right choice. The following tips will help you to find Read More

Understanding Volunteer Agreements

Companies have all kinds of resources to get projects done—from vendors to employees. On some occasions, however, they may want to use a volunteer to work on a project. Nonprofits regularly use volunteers as one of their main sources of worker pools. For-profit companies may also want to use a volunteer. For example, if you are going to use an intern or extern, or someone wants to shadow an employee for a short Read More

Getting Started on the Right Foot: Why You Need to Create a Business Plan

Many new business owners overlook creating a business plan. It is easy to do because these plans are sometimes difficult and time-consuming to develop. They can be useful, however, if you are looking for financing or investors, and they serve several other important functions as well. What Is a Business Plan?  A business plan establishes the roadmap for your company. It describes what your business will Read More

How to Convert an LLC to a Corporation in California

Setting up an LLC is much easier than establishing a corporation. It is often a cheaper option that requires less effort to maintain over time as well. As your company grows, however, it may outgrow the LLC model, which is too limited for some businesses, especially as they expand. California uses a relatively new law that allows for a more streamlined procedure to convert an LLC to a corporation. In fact, it only Read More

Franchising vs. Licensing: What’s the Difference?

If you have developed a successful business, you may find yourself wondering about how to expand your operations without taking on a lot of additional expense. Or perhaps you are looking to grow a business by drawing upon the success of such a company. Two common options for promoting this type of growth are franchising and licensing. What Is Franchising? A franchise extends an already existing business Read More

Four Common Shareholder Disputes and How to Avoid Them

There can be many different types of shareholders in a company, from friends and family members with just a modest holding to those who have a massive stake in your business. Any shareholder, however, can be the source of a dispute, no matter how big or small their holding. Since they have a financial stake in the business, these disputes can quickly turn ugly if not managed and mitigated properly. This article Read More

Piercing the Veil: When Business and Personal Liabilities Intertwine

When you create a corporation, limited liability company, or another business structure, you are developing a separate legal entity. One of the main benefits of doing so is that it shields your personal assets from any liabilities incurred by the business. If you do not maintain this separate legal entity properly, however, you can lose that benefit. This process is often referred to as “piercing the corporate Read More

Give Them a Break! What You Need to Know About California Rest and Lunch Break Laws

California has a more generous meal break law than that of many other states, allowing workers to take breaks that are both longer and more frequent. It has specific rules on whether employees must be paid for certain types of breaks as well. Both employers and employees should know these basic rules to ensure that everyone is in compliance with applicable California law. Meal Break Basics If an employee works Read More

Partnership vs. Joint Venture: What’s the Difference?

Partnerships and joint ventures are commonly confused because on paper they may sound somewhat similar, but in reality they are very different. A joint venture is much more limited than a partnership, and the legal implications are not the same either. What Is a Partnership? A partnership involves two or more people who are co-owners of a business for profit. Usually, these individuals will share both the Read More

Four Reasons to Consider Incorporating Your Business

Whether you have been running your business for some time or you are just getting started, there are plenty of reasons to consider incorporating your company. Below are just a few reasons why you might want to consider making this type of move. 1.  Personal Asset Protection When you operate as a sole proprietorship or partnership, there is no real legal separation between you and your business. In other Read More