WHAT IS AN LLC?
Until 2012 in California, if one wanted to have a corporation that was formed for the public good, one could only start a non-profit corporation. Corporate law required directors to pursue economic goals for the sole benefit of shareholders, with a fiduciary duty to maximize profits for the growth of the corporation and its owners. On January 1, 2012, two hybrids were authorized in California: the Benefit Corporation “BC” and the Flexible Purpose Corporation, or FPC. As of now, 19 states and the District of Columbia have similar laws, with 15 states having pending similar legislation. These two entities are for-profit corporations who may consider criteria in the public good realm when making corporate decisions. Both types have standards of accountability and transparency to ensure they pursue the benefits for which they were established. As they are very similar, I will discuss only the Benefit Corporation. Continue reading “BENEFIT CORPORATIONS “ →
Many, If Not Most Things Are Negotiable. This includes rent, maturity date, when rent starts, tenant improvements and many of the “boilerplate” items. If the tenant is not an experienced negotiator and has a tenant representative, working for her, she can often get concessions from the landlord by knowing what is out there that competes with the space being rented and what amenities are available to the tenant. If the tenant is on her own, a good real estate attorney can often get concessions worth thousands of dollars or save you from committing to a bad lease. Continue reading “10 THINGS TO KNOW ABOUT COMMERCIAL REAL ESTATE LEASES” →
IX.VENUE/CHOICE OF LAW FOR DISPUTE RESOLUTION. Be sure your contract specifies that you want to have your dispute heard in the most convenient place for you, and specify the state law that you want to use.
Should women really consider having two forms of income? Have you ever looked at your closest circle of friends? You may have a friend who has a career, a friend who has a career and a part-time job, or even a friend who started her own side business on top of what she already does. Continue reading “Women and Income” →
VI.CONTINGENCIES. “The best laid schemes of mice and men often go astray.” Robert Burns.
It is impossible to come up with a list of all possible things that can go wrong, but a good contract should try and foresee and provide for as many issues as possible. Here are some you may want to address in specific paragraphs within your contract: Continue reading “CONTRACTS 101 WHAT YOU NEED TO KNOW TO PROTECT YOURSELF PART TWO OF THREE PARTS “ →
WHAT IS A CONTRACT? It is basically a promise for a promise between 2 or more Parties. To have a binding contract, you need three things: an offer, an acceptance by the Party receiving the offer, and consideration, which can be money, an action, refraining from an action, love and affection, etc.
If you are either a landlord providing rental space or a tenant renting space from another person or company, you need to know your rights if the property is not habitable, or needs serious work to make it habitable. Here are some common issues that come up in the landlord/tenant areas of my practice.