When it comes to business formation, you have a wide range of factors to take into consideration, and finding the best business entity is pivotal. From a partnership to an LLC, C corp or S corp, you have a number of options. Depending on your circumstances, you could...
Business Law
What is the difference between arbitration and mediation?
Business disputes are almost never good for business, particularly if they end up going to court. Litigation is time-consuming and expensive. Even worse, if the litigation process turns hostile, it can ruin valuable relationships with other entities. This is why it is...
Which document can help me remove a shareholder?
Harmony among business co-owners is important. In the event conflict breaks out between shareholders, it may become necessary to part ways with the dissenting co-owner. Removing a shareholder is not always easy, though. You could end up in litigation if you do not...
Differences between general and limited partnerships
The roles and responsibilities of each partner could help determine who acts as a general partner or a limited partner. The California Secretary of State website notes that when at least two individuals begin a business to generate profit, they create a general...
Should partnership agreements have dispute resolution clauses?
Having a successful business often means working with one or more others. After all, even if you have a brilliant idea, you probably need help with something. If you can find the right partners who are willing to focus on the same goals, you can put your venture on...
How may a shareholders’ agreement prevent disputes?
Owners of close corporations registered in California may sell shares of their businesses to raise capital. If you started a new business or need funds to expand, a well-written stockholders’ contract could help you attract investors and build mutually rewarding...
Which business structures are right for you?
When starting a company, you need to consider your business structure. In some cases, you may need to figure out a structure before registering the business. According to the U.S. Small Business Administration, several structures to consider. Limited liability company...
What is “termination for convenience”?
Securing a new business contract with a partner in California no doubt provides you and other members of your company's management team with a great deal of excitement. That comes from the understanding that as long as you fulfill your contractual terms, you are...
What purpose does an employment contract serve?
Your employees make it possible for your business to run smoothly in California. While you may like to believe they always have the best interest of the company in mind, it is necessary for you to protect your organization. Implementing an employment contract is an...
What are the important factors of articles of incorporation?
If you wish to start a corporation, you must do multiple tasks to ensure the legality of your business. One of the most important is to file your articles of incorporation with the state. Business News Daily explains the articles of incorporation is like a report...