Shareholders are individuals or entities that own shares in a company. These shares give them certain rights, such as voting on company matters and receiving a share of the profits. While shareholders often work toward a common goal, disagreements can arise over how...
Business law
Is a business owner responsible for the company’s debts?
Businesses often take out loans or take on debt. A company may need startup cash just to get off the ground, for example. In another case, a company may have an order for a shipment of products, but they have to purchase the parts and materials to manufacture those...
ADA lawsuits are on the rise: Is your business prepared?
If you’re a business owner, you’ve probably heard about the Americans with Disabilities Act (ADA). This is the law that ensures equal access for people with disabilities. While its purpose is clear, its application can be complex, and ADA-related lawsuits are on the...
Common examples of corporate due diligence
Corporate due diligence involves assessing legal risks within a company. It helps business leaders make informed decisions and avoid potential legal pitfalls. There are several areas to cover to ensure full compliance. Here are three of the most common examples of...
New year, new (and updated) laws: are you ready?
Each year brings a plethora of new laws, including several that regulate the employer-employee relationship. If you’re a business owner in Orange County, you likely have a lot on your plate. Some of those new regulations may have fallen through the cracks. So, here’s...
Sweeping partner disputes under the rug can stunt business growth
For many businesses, partnerships are the fuel that propels them to new heights. The integration of resources, skillsets and perspectives can be the perfect recipe for a powerhouse for innovation and success. That said, it’s crucial to acknowledge that even the most...
How to encourage clients to pay on time
Running a business is by no means easy, but some principles remain straightforward. You expect to be paid for the services or goods you provide. Unfortunately, this doesn’t always happen. A client may be delayed in making a payment or may try to avoid paying...
The importance of due diligence when acquiring an organization
Business acquisitions occur in a variety of different scenarios. Perhaps someone wants to purchase an existing business because they dream of becoming their own boss. Maybe a successful company hopes to expand and believes acquiring a competitor or a business in an...
How uneven workloads can cause partnership conflicts
Different factors can lead to partnership disputes, including uneven workloads. If a partner spends more hours in the office or feels like they do more work than the other, they may believe they are not viewed as an equal. Accordingly, disputes may arise. If you are...
What are the essential elements of a partnership agreement?
When entering into a business partnership, it is crucial to have a well-drafted partnership agreement that outlines the terms and conditions governing the relationship between each interested individual. It is, therefore, of critical importance for all parties to...