What Does a Memorandum of Understanding Accomplish?

You might know it as a “memorandum of agreement” or a “letter of intent.” While it goes by different names, a memorandum of understanding is an important tool for individuals, businesses, and governments to come together and make a good-faith effort to arrive at some sort of consensus or agreement. This blog will explore the uses of a memorandum of understanding in the world of business.  Is a Memorandum of Read More

Responding to Trademark Opposition

One of the most important assets for any business owner is a trademark. This form of intellectual property allows an individual or company to hold ownership of a logo, design, or other distinctive identifier that designates its products or services as being from a particular source. Owning a trademark protects your intellectual property and prevents other people from using it without your permission. Sometimes, Read More

Tips for Finding and Pitching to Angel Investors

Need more money for your startup? Depending on your situation, you might want to explore venture capital funding or you might want to seek financing from an angel investor. Angel investors may not have the resources of a venture capital firm since they tend to be high net-worth individuals seeking to invest their own funds, but they are less likely to seek direct involvement with the company and are often willing to Read More

Business Contracts in the Time of Coronavirus

As everyone’s lives are upended due to the coronavirus pandemic, business as usual seems almost impossible. For example, what about that seemingly rock-solid business contract you signed last fall? Performing as specified may not be possible now. So, what are business owners and managers like you supposed to do? To provide a bit of guidance in these uncertain times, we have put together a list of items that may help. Read More

4 Types of Partnership Disputes

If you’re like the majority of business partners, you probably started your venture with an abundant amount of good feeling towards your partners and never imagined that one day you would be embroiled in a dispute with them. All too often, however, partnerships end in acrimony caused by disagreements over money or management of the business. Failed partnerships create financial problems for the business, but the Read More

AB-5 and What it Means for California Employers

With the passage of AB-5 last fall, California radically redefined the employment status of almost two million gig workers and other freelancers. Some industries managed to secure exemptions, while others are scrambling to adjust. For some business owners, this means hastily making the necessary arrangements to convert their contractors into regular employees. For many contractors, this means hunting for ways to stay Read More

Why You Should Register Your New Business as an LLC in California

There are trade-offs associated with every business structure out there, and a limited liability company (LLC) is no different. Many first-time business owners might prefer to form a sole proprietorship or limited partnership because they are easy to register and have simpler tax filing requirements. It is well worthwhile, however, to consider using the LLC structure for your California business, even if you are Read More

Overview of the Professional LLP in California

Many states allow for a variety of professional service providers to form what is known as a PLLC, or Professional Limited Liability Company, but this is not an option in California. Instead, licensed professionals may choose to form a Professional Limited Liability Partnership (PLLP) or a Professional Corporation (PC), depending on their type of business they conduct.  What is a Professional LLP? A Read More

An Overview of Mezzanine Capital

Business owners have many options for funding different aspects of their operations. Each option comes with its own set of pros and cons, and mezzanine financing is no different. For some situations – such as growth opportunities that need spot financing – this type of capital can be an effective option.  What Is Mezzanine Financing? For those familiar with architectural terminology, you might infer that Read More

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