When a commercial real estate transaction is set up, certain contingency clauses may apply. These can be put into the initial offer made by the potential buyer. Essentially, they are just saying that they are offering to purchase the property at a set price, but only...
The role of a trustee can be demanding. A trustee often takes on responsibilities that last for years. They have to manage trust assets and distribute them in accordance with the instructions provided by the trustor. Depending on the assets used to fund a trust, the...
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...
Facing a wrongful termination lawsuit can be a stressful and overwhelming experience for a business owner. If you find yourself in this situation, it is important to take immediate action to protect your rights and respond appropriately. Wrongful termination claims...
Real estate development can be a lucrative business. However, it is important to navigate legal aspects, such as contracts, efficiently. Developers will be subject to various contracts and they also have to draft contracts that protect their rights. Here are some...
When forming a business, one of the key decisions you’ll make is appointing a registered agent (also known as a statutory agent or resident agent). This is an individual or entity responsible for serving as your business’s official point of contact with legal and...
A limited liability company (LLC) is a viable option for many aspiring business owners. LLCs offer income tax benefits and allow one person or a group to start a company. They are also a way to help protect entrepreneurs from personal financial risks. Forming an LLC...
Commercial leases can be an excellent option for business owners and executives. Instead of trying to find financing to purchase property and making a permanent commitment to a specific location, they can try the facility out temporarily to see if it is the right...
Estate administration in California is a complex process that follows specific legal requirements. The timeline can vary depending on the size of the estate, the presence of disputes and court schedules. Here is an overview of the typical steps involved and the...
When a trust is used as part of an estate plan, a trustee is needed to make distributions. This is a separate individual from the beneficiary, who will ultimately receive the money. The trustee is in charge of determining when a payout needs to be made but does not...
