Generally, when someone wants to transfer ownership of their company, they sell it. Maybe you started the company from nothing and ran it for the last 20 years. Now you want to retire, and selling it gives you a nice influx of cash with which to do so. But what if...
Business Law
Is it time to convert your sole proprietorship to an LLC?
When you started your business, you were operating out of your spare bedroom and had no more than a shoestring budget, at best. Things have taken off better than you ever expected, however, and you’re expanding. Could it be time to change from a sole proprietorship to...
What are major and minor contract breaches? What’s the difference?
When entities enter into a contract with each other, both parties are expected to fully uphold their end of the deal. Most contracts are completed without any issues. The times when the contract isn’t followed, there is a breach of contract. This can sometimes lead to...
Selling your company? It is vital you prepare early.
If running your business has become more of a chore than a joy, you may dream of escape. Maybe you dream of a stranger walking into your office, asking you how much and signing a check on the spot. The truth is, selling a business is not that simple. Adequate planning...
What are unfair business practices?
Unfair business practices are hard to define because there isn’t a single definition that’s going to give you a good understanding of what they are. However, there are a variety of actions that may be seen as unfair business practices. Those unfair actions could lead...
What to do when someone owes your business money
If you own a business, at some point, you will have the problem of someone owing you money and not paying. Here is what you should do if someone owes you money: Look at the big picture: Is this the first time in 20 years that your client has been late with a payment?...
Is a partnership right for your business?
If you’re thinking about starting a business, then you’ve probably got a lot on your mind, especially given the current state of the country. You might have concerns about securing the capital you need to secure a location and hire personnel, and you might worry about...
Business Entity Selection Type An Important Issue
Setting up a new business can be intimidating but legal resources are available to guide new business owners and entrepreneurs through the process of turning their dream into a reality. Selecting the best business form for the start-up or entity can impact much of...
Potential damages in a breach of contract case
People and businesses in San Diego enter into many contracts each year. These contracts are important to ensure both sides know what is expected of them and what they are expecting from the other side. However, contracts are entered into prior to either side beginning...
What to Do If a Dispute Arises
It is inevitable that disputes arise in our real estate and business relationships. Even with the best of intentions, disagreements will sometimes occur over the course of real estate and business activities. How the parties conduct themselves, the choices they make...