Tag: legal advice

PROS AND CONS OF A LIMITED LIABILITY COMPANY (LLC) 

    WHAT IS AN LLC?   An LLC is a hybrid between a partnership and a corporation. It provides liability protection without as many corporate formalities as a corporation, and is thus a favorite choice for busy people. One...Read More

TOP TEN REASONS TO FORM A BUSINESS ENTITY

    PERSONAL LIABILITY ISSUES-Forming a corporation, LLP, or LLC may shield you from other people being able to reach in and attach/sell or dispose of your personal assets, such as your home, personal bank accounts and other financial assets....Read More

LEASES -TEN ISSUES TO CONSIDER BEFORE SIGNING A LEASE 

  1.Write it down! This sounds obvious, but you can avoid lots of disputes and misunderstandings by writing down the terms and conditions of your agreement and including it in your document.  If you have a letter of intent from...Read More

Keeping Up Corporate/LLC Formalities

Many LLC and corporation owners don’t know that setting up their business entity is only the first step in protecting themselves from personal liability if they are sued. Here are corporate/LLC formalities to maximize liability protection during the life of...Read More

BENEFIT CORPORATIONS 

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...Read More

CONTRACTS 101  WHAT YOU NEED TO KNOW TO PROTECT YOURSELF  PART THREE OF THREE PARTS 

    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. (more…)

CONTRACTS 101  WHAT YOU NEED TO KNOW TO PROTECT YOURSELF  PART TWO OF THREE PARTS 

  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...Read More

CONTRACTS 101: What you need to know to protect yourself (Part 1 of 3)

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...Read More