When starting a business, it is not uncommon to take on a partner. Having one can reduce individual startup costs, minimize liabilities and lessen the workload. However, the daily operations and the company in general can be greatly affected when disputes arise....
Business Law
When should companies offer severance pay?
Employers may offer severance pay to workers upon termination or involuntary loss of employment. While California does not require companies to provide severance options, business owners should know when it can be beneficial. Honoring dedicated employees with...
What is a severability clause?
As a business owner, you will certainly come across numerous instances in your career where you will need to draft contracts. Whether it is with employees, contractors, business partners or other providers of services, you need to create a strong binding agreement in...
Effective strategies for preventing contract disputes
Disputes over contracts are common, but they have the capacity to take considerable time and attention away from running your business. Though every contract dispute may not be preventable, there are certain things you might do as a California business owner to reduce...
What are important elements of a written contract?
To enforce a contract, you must be able to prove you have a legally valid document. The law outlines specific requirements that you must follow. According to the California Legislative Information, all contracts follow the same rules and intention plays a large role...
Can you avoid litigation?
As a business owner, one of the most important things you can do is prioritize your business relationships. After all, these ties form the basis of your business and will determine the rate of your healthy growth. Is it possible to avoid litigation when conflicts...
What legal requirements must you consider for your small business?
Operating a small business requires continuous diligence to stay on top of all the legal requirements. You cannot simply start up a business without being aware of the regulations that apply to your business from the start, and on an ongoing basis thereafter. The U.S....
Which business structure should I choose?
One of the most complex aspects of starting a company is choosing the right business structure. There are several business structures to choose from, each of which affects personal liability and taxes differently. The following are the most common options. Most...
Could an NDA protect you if you sell your business?
There are many reasons to use a non-disclosure agreement for your business. Perhaps you have sensitive trade information that you do not want your competitors to learn, so it makes sense for your partners and employees to sign an NDA. However, you may need an NDA for...
Would a non-disparagement agreement protect my business?
Employment contracts may contain provisions designed to prevent your staff members from sharing information that could harm your company. As noted by the American Bar Association, a non-disparagement clause prohibits employees from making negative statements that can...