Starting a business with family members can be an attractive option for many entrepreneurs. It offers the opportunity to work with people you know and trust, and it can also be a way to keep the business within the family. However, there are risks associated with starting a business with family members that should not…
Introduction: In the world of business, the formation and governance of corporations play a significant role in ensuring stability and growth. A crucial aspect of corporate governance is the establishment and adherence to bylaws. This blog post will provide an overview of bylaws in corporations, highlighting their importance, components, and the process of creating and…
A shareholder agreement is a legal document that outlines the rights and obligations of shareholders in a company. It is an essential document for any business with multiple owners, as it can help prevent disputes and provide clarity on the roles and responsibilities of shareholders. If you are considering creating a shareholder agreement for your…
Selling a business can be an exciting and lucrative opportunity, but it can also be a complex and challenging process. From determining the value of your business to negotiating with potential buyers, there are a wide range of factors to consider when selling a business. If you’re ready to sell your business, here are some…
Trusts can be used for so many different things including estate planning, tax benefits, income in the case of disability or illness, passing on a family business, and asset protection. If you own a business, it’s time to consider the possible advantages a trust can provide. Definitions The Settlor – the person who puts the…
If you’re planning to start a business, or you already own one, you’re probably wondering how to avoid future lawsuits. If you’re not wondering that, well you should be. Statistics show that 90% of all businesses are engaged in litigation at any given time. To avoid major lawsuits and reduce the losses you may face,…
If you own a business or property, you may be wondering how best to protect your assets from government seizure or creditors. Lawsuits can happen to any person and any business, but forming a trust will reduce and can even eliminate the risk to your hard-earned empire. What is a Trust? A trust is a…
Each business entity has its advantages and disadvantages. There isn’t an overall perfect business type; only a business type that is perfect for your business. Here, we’ll discuss the benefits of LLCs over corporations. Separation of Assets Without Complexity LLCs retain the simplicity of a sole proprietorship or partnership, while providing the liability protection that…
You’ve looked into the different business entity options and discussed your business goals with an experienced attorney. You’ve finally decided that you want to form an LLC, but now what? Here we’ll explain the steps for starting an LLC in San Diego, California. This is similar to most states, but California has a few specific…
If you own any assets, you need asset protection. Protecting your assets is as important as acquiring them in the first place. If you do not protect your assets, all the hard work you put in to be able to obtain them can be quickly undone. When you have a legal and effective asset protection…
