Most people who owe businesses money make reasonable efforts to fulfill their obligations. They try to work out a payment plan and adjust their budgets so that they can make appropriate payments. They commit to payments until they have repaid what they owe....
Business Law
Potential reasons for partnership disputes
Business partners will get into disputes from time to time. Some of them are minor and can be resolved through a simple conversation. Others are more serious and require negotiation efforts or even litigation. In some cases, a dispute can be so serious that the...
How can a breach of business contract be remedied?
Contracts are at the heart of all business relationships. They are legal agreements that outline the rights and obligations of all parties. For the most part, contracts are honored, but that’s not always the case. Breaches of business contracts do occur, and they can...
Considering a merger? Remember your staff
New year, new start! This is a motto that can be applied both personally and professionally. As a business owner, one form of getting a new start may be to merge with another company. It could open up new markets for you, allow you to take on a different role in the...
Collecting on a debt when a debtor moves assets to a trust
Some people make it very hard to collect on a debt. Most individuals who owe money are earnest in their attempts to fulfill their financial obligations. However, there is a small subset of the population that may go to great lengths to avoid personal financial...
Is it illegal for a business partner to abandon the company?
You started your company with a business partner. To a large degree, you did this because you knew the business would need both of you to be successful. For instance, maybe you are an inventor who has created a product, and you’re working with a business partner who...
What to include in a partnership agreement
Launching a new venture can involve numerous critical choices that may shape your company's future. Many entrepreneurs could begin with a modest operation, adapting their approach as they grow and explore collaborative opportunities. These partnerships can offer...
Is it time to change your California business’s legal structure?
A significant part of growing your enterprise is ensuring your business structure supports your evolving needs. Sometimes, the structure you start with can meet your needs perpetually, but other times, a change can provide numerous benefits. If you have been...
How can company’s respond to a harassment claim?
When an employee reports workplace harassment, it means they could be at serious risk of harm. Employees can report workplace harassment to their employer. Employers have a duty to respond to harassment claims. If a harassment claim is not handled carefully, the...
Partnership disputes must be resolved quickly
People who go into business together often have a shared vision, but there are times when conflicts about how to make that vision a reality will occur. Those partnership disputes must be resolved quickly so the shared company doesn’t suffer irreparable harm. There are...