Selling a Business: Tips to Prepare for a Seamless Sale
The decision to sell a business in California is one of the most consequential ones an entrepreneur can make. Whether you're looking to retire, pursue new opportunities, or capitalize on your success, the process of selling a business can be complex and emotionally charged.
As experienced business law...
Protect Your New Business with Preventative Legal Planning
Most people are familiar with the idea of “preventative” legal action. The term refers to anticipating legal issues and conflicts and working to prevent them rather than solving them or “winning” them once they occur. Companies can benefit from implementing preventative legal strategies as this approach is often less expensive than litigation,...
Five Considerations for Starting a New Business
Whether you are a seasoned entrepreneur or embarking on the journey of creating a commercial enterprise for the first time, starting a business is an exciting and rewarding experience. But to make the process as effective and stress-free as possible, you’ll need to carefully plan things out in advance. Mistakes and...
Common Lawsuits Brought Against Small Businesses
It is impossible to predict every lawsuit that a small business might face. There is nothing to prevent angry vendors, entitled customers, or disgruntled employees from filing a lawsuit, even if they have no legitimate basis. The more a business owner delegates responsibilities to employees, the greater the risk that an...
Modern Strategies For Resolving Partnership Disputes
If you have a business partnership dispute, you may be reluctant to engage in litigation and wonder what other options exist. Is litigation the only path forward? No. Depending on what you’re seeking to get out of a dispute resolution, there are other strategies you can attempt before settling on litigation.
Oral Contracts & The Statute of Frauds- Is The Agreement Binding?
There is a widespread misconception that verbal contracts are unenforceable. However, in California, a verbal contract with another party can still be valid and binding. In some cases, a signed document is not required.
However, if a signed written contract exists, any disagreement between the...
A Comprehensive Guide to Employer Due Diligence
Employers have a responsibility to ensure a safe and trouble-free work environment. This involves implementing comprehensive policies, providing regular training, and adhering to employment laws. This blog will take you through essential steps, such as developing detailed employee handbooks, conducting background checks, and fostering open communication. By taking these proactive measures,...
Fiduciary Responsibilities and Your Business
Individuals in a position of trust within a business have a set of fiduciary responsibilities to act solely in the best interests of the organization and its stakeholders. This includes obligations like loyalty, care, and operating in good faith. Understanding these principles is essential for directors, trustees, and managers who make decisions...
Corporation Shareholder Rights to Inspect and Participate
The rights of shareholders in corporations are essential to ensure that those who invest in a company have a say in its operations and oversight. Among these rights, the ability to inspect corporate documents and participate in key decisions stands out as crucial. These rights enable shareholders to access important information about...
The Who, What, Where, When, Why, and How of the New Corporate Transparency Act (CTA) Reporting Requirements. Your Quick Guide to the New Law that has Everyone Asking Questions.
Schneiders & Associates, LLP is reaching out to provide some clarity and general information regarding the Corporate Transparency Act (“CTA”). Some of you may have heard about the new law, and like many of us when first learning about it, were left with more questions than answers. Please be aware that while...