Pros and Cons of Incorporating Your Business in Delaware

Did you know that more than 50 percent of all publicly traded and Fortune 500 companies are incorporated in Delaware? This is because Delaware has certain tax advantages and corporation-friendly laws that can make it appealing for businesses to incorporate there. Not all companies will realize the same benefits if they choose to incorporate in Delaware, however, and factors such as the size of the business affect Read More

Understanding the Uniform Commercial Code

If you have ever purchased a vehicle, bought or sold goods, or borrowed money, you have completed a transaction that is subject to your state’s adoption of the Uniform Commercial Code. To clear up a common misconception, the federal Uniform Commercial Code (UCC) is not a set of laws in and of itself. It is merely a legislative model, created by a non-profit entity called the Uniform Law Commission. All 50 states have Read More

Liquidating Your Business Assets

There are many reasons why people decide to shutter their businesses. For some, it is time to shift markets, move on to new opportunities, or retire. For others, it is a catastrophic loss or change in personal circumstances that makes this decision necessary. No matter the reason, chances are you will want to liquidate any assets you can in order to pay creditors and come away with some amount of money after closing Read More

Four Tips for Negotiating Contracts

Negotiating a good business contract can be a difficult balancing act between demanding too much and asking for too little. It’s tempting to insist on everything you want, but adopting a scorched-earth approach might cause the other party to abandon the negotiations altogether. Even if they do sign the deal, you might be creating unnecessary problems for yourself down the road because people who are deeply unhappy Read More

Breaking the Deal: Material Versus Anticipatory Breaches of Contract

Businesses run on the successful execution of contracts, but sometimes things don’t work out. When one party does not live up to its end of the bargain, that is called a “breach of contract.” Breach of contract can be grounds for a lawsuit in which damages may be awarded to the non-breaching party if they can prove their case in court. Material Breach A material breach is a failure to fulfill the terms of a Read More

Understanding Cybersquatting and What You Can Do About It

Starting a business is hard work. It takes a lot of money and even more time. If you’ve done it right, though, you have a solid business plan in place, enough capital raised to last you through the start-up phase, and a properly registered, unforgettable trademark. Unfortunately, though, you may hit a snag when it comes to building your website if it turns out that someone else owns the domain that matches your Read More

The Difference Between an S-Corp and C-Corp in California

There are several types of business structures available in California, each with its own benefits and drawbacks. Incorporation can provide a number of advantages, but you should think carefully about the type of corporation that might be right for you. Understanding the difference between an S-Corp and a C-Corp is important so you can decide if one of these corporate entity types might be right for you. An Read More

Fair Use Explained

Copyrights are an important form of protection that prevents other parties from using your intellectual property for their benefit. It is important to know, however, that this protection has limits. Fair use is a principal that limits how a copyright can be enforced. Understanding this principal is necessary for knowing how your protected works can still be used without your permission, giving you a better idea of Read More

Closing the Doors: How to Dissolve a Corporation in California

Running a corporation in California can be a very exciting and profitable experience. There may come a time, however, when you decide it’s time to shut your business down. Often people make this decision because they wish to retire or start a different business or when the company simply isn’t making enough money. No matter the reason, you must dissolve the corporation legally in California, or you might find Read More

Four Benefits to Including a Notices Provision in Your Contracts

Business owners typically understand that contracts are an essential tool that are required for their success. Too often, however, they fail to read through the entire contract, especially what they consider to be the “boilerplate” sections. Perhaps the most overlooked, or even omitted, portion of a contract is the notices section. Read on to learn why this section can have a big impact on any contract and why it Read More