Fiduciary Duties and Liability: What Nonprofit Directors and Officers Need to Know

Key Takeaways Nonprofit directors and officers owe duties of care, loyalty, and obedience to the organization. Board members should avoid conflicts of interest and make informed decisions in the nonprofit’s best interests. Potential liability includes fiduciary breaches, employment claims,...
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California Contract Disputes: How to Protect Yourself Before There’s a Problem

Key Takeaways Clear contract language can help California businesses prevent misunderstandings and legal disputes. Contracts should define payment terms, performance obligations, deadlines, and remedies for breach. Dispute resolution, termination, attorney’s fees, and integration clauses can provide additional protection.
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LLC, S-Corp, or Partnership? Choosing the Right Entity for Your Ventura Business

Key Takeaways LLCs offer Ventura businesses flexible management and limited liability protection. S-Corp status provides pass-through taxation and can offer tax advantages for eligible businesses. General partnerships are simple to form but generally leave partners personally liable for business...
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