You and your friend have decided to become business partners, and you both have agreed to share the responsibility of managing your company equally. One of the many advantages of a successful business partnership is the ability to share costs and duties associated...
Business Law
Key differences between a sole proprietorship and an LLC
When starting a business, you must decide whether to establish a sole proprietorship or form a limited liability company. Both structures have distinct advantages and differences that can significantly impact the day-to-day operations and the owner's potential...
What goes into a business partnership contract? 3 key items
It’s wise to use a contract when starting a business partnership. Not all partners do this, and many simply rely on a handshake deal. However, doing so can lead to significant problems and disputes down the road. A contract helps by defining certain terms and putting...
Reasons to have your employees sign non-disclosure agreements
In today's highly competitive business landscape, protecting sensitive information and maintaining confidentiality has become crucial for companies of all sizes. As an employer, it is essential to safeguard your intellectual property (IP), trade secrets and...
Can an employee quit without notice?
Employees sometimes want to leave their jobs immediately, perhaps feeling disgruntled or burned out. Employers, on the other hand, typically want employees to give them two weeks’ notice. The employer, after all, has to think about finding someone else to replace that...
What constitutes vagueness in a contract
The parties you work with should sign contracts. These agreements will protect you and them, outline how you will work, and provide conflict-resolution methods, among other benefits. Nonetheless, disputes can arise from these agreements due to different reasons,...
Can Your California Business Hire Minors This Summer?
Many California businesses may consider hiring minors to help with the seasonal workload as summer approaches. The employment of minors can provide valuable work experience for young people and a cost-effective labor solution for employers. However, it is essential...
Is A Liability Waiver Necessary For Certain Business Types?
Some business models carry more innate danger than others. For example, there is relatively limited liability at play when a business offers mailbox services for entrepreneurs, but there are many risk factors involved in operating a factory. Some types of business...
5 Things To Remember When Making A Business Contract
Nearly every business has made and agreed to one kind of contract or another. Contracts clarify expectations and make it clear what happens if someone fails to deliver. However, contracts need to be handled carefully. If you’re planning to make a contract, then you...
How Owning A Small Business Can Benefit You And Others
Some people get tired of working for someone else and think it would be better to run their own companies. There are over 33 million small businesses in the United States. (California alone has more than four million businesses.) If you have been thinking about owning...