Small business owners in Palos Verdes Estates understand that they will eventually want to retire, or they could even pass away before retirement. However, they may worry about what will happen to their business when that time comes. This is where business succession...
When opening a business, building a distinct legal entity is often the first step. In California, there are four main types of entities: corporations, sole proprietorships, partnerships, and limited liability companies. Because of their limit on liability, many new...
If you are seeking a binding decision to a legal issue, you may wonder what options are available both in and out of court. Business owners in California can choose to settle matters either through arbitration or litigation. Arbitration According to the Superior...
Palos Verdes Estates residents who wish to launch a small business will likely need to apply for certain state and federal licenses or permits in order to legally operate their enterprise. What licenses and permits are necessary is based on the types of activities the...
One of the first decisions you have to make when you're starting a business is what type of business structure you will use. This is important because it sets the standards for personal and business protection. It also determines what type of tax liability the company...
The people in California who run businesses are oftentimes focused on similar overall goals: hiring the right people, expanding, and increasing profitability. However, running a business is usually a complicated affair, and those who are in charge of a business need...
Starting a business in California can be exciting, but maintaining profitability and success is hard work. From business formation to contract matters to potential legal disputes, there is a range of issues that business leaders in California must be prepared to face....
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...
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...
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.You might think...
