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...
Goode | Hemme Legal Blog
What is a triple-net lease?
When signing a commercial lease, there are a few different ways for the lease to be set up. Both the person who is drafting it and the one who is signing need to be well aware of their obligations. In part, these are defined by whether or not it is a triple-net lease....
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...
3 important facts to verify when signing a commercial lease
Signing a commercial lease can make a big difference to a company's future operations. The right location can help it connect with more consumers. There won't be a mortgage to worry about if the company fails, and moving to bigger or smaller facilities as the company...
What should landlords know about ADA compliance?
The Americans with Disabilities Act is a federal law that prohibits discrimination based on disability in various public and private settings. The ADA primarily targets businesses and public spaces, but residential landlords should also know how this law impacts them....
Questions to ask and avoid when interviewing prospective tenants
What do you look for in a tenant for your residential property? Most landlords try to find renters who won’t cause any damage or disturb the neighbors. Of course, the ability to pay the rent on time, every time, is probably also a priority. Do you have a process to...
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...
How can a quitclaim deed impact your real estate deal?
Navigating real estate deals can be complicated enough, but when a quitclaim deed comes into play, it can add another layer of complexity. It’s essential to know how quitclaim deeds work and their implications on real estate transactions. What is a quitclaim deed? A...
Is house flipping still legal in California?
There are several ways for those with good credit or financial resources to capitalize on those assets and generate profit or personal revenue. Buying real estate is one way to use good credit or personal wealth to generate ongoing income or a sizable amount of money...
Can you evict a tenant who violates a no-pet policy?
If you are a landlord, it goes without saying that you want a tenant who pays their rent on time, is at peace with neighbors and handles your property like their own. As such, it is not uncommon to include a no-pet policy in the lease agreement. But what happens if a...