A couple of weeks ago, a post on this blog began a discussion on the six different types of business entities that can be formed in California. That post provided the readers with a brief overview of a Corporation, a Limited Liability Company and a Sole Proprietorship. Moving on, this post will provide readers in and around Palos Verdes Estates a brief idea regarding the other three types of business entities, namely, general Partnership, Limited Partnership and Limited Liability Partnership.
California, in recent decades, has emerged as the startup capital of the world and people from across the United States and the rest of the world are coming to the state to set up shop. However, before starting a business in California, an entrepreneur needs to decide the type of business entity that is to be set up. For that, IT entrepreneurs need to understand the various types of entities that can be formed in the state.
If you’re about to start a new business, you are probably feeling financial stress and pinching every penny. It takes money to get a business off the ground, and that requires some hard choices about what are considered necessities vs. luxuries.
Regardless of why you hired a contractor, you likely have certain expectations. You probably plan to have the work completed by the date you agreed on, receive the materials you chose and trust that your contractor will perform the work according to manufacturer specifications.
California is one of the best places in the world to start a new business. While the tech giants of Silicon Valley are stellar examples, businesses in other industries too have thrived in the Golden State. This startup boom can be attributed to factors such as California's business-friendly laws and the availability of knowledgeable resources, but at the same time, one cannot ignore the fact that California business owners themselves have put in enormous efforts to ensure the growth and sustenance of their businesses.
If you've ever had a mechanics' lien placed on your property you know that it has nothing to do with your car or the mechanic that you use for auto repairs. But if you've never heard much about this particular legal maneuver, you'll agree with most of the people who find themselves in a similar position: the name is what makes the mechanics' lien so confusing; they are actually most often used by subcontractors and suppliers. It's a legal claim against a property that has been improved or remodeled in some way.
In reference to contract law, the "mutual mistake" is a defense that can be raised by individuals who wish to avoid their contractual obligations. This type of defense claims that both parties involved in the contract based their agreement to the terms on a mistaken assumption or false information. In the mutual assumption defense, a party claims that having entered into the contract with inaccurate assumptions in place makes the contract is void.