Before filing for bankruptcy, business owners should explore every available out-of-court option for dealing with the debt. Going to bankruptcy court can be costly, and it is important to get comprehensive legal advice before taking that step.One of the first things...
Month: March 2015
When liquidating your business assets is the best option
When you make the decision to close your business, it may not be feasible to sell, merge with another company or transfer ownership. In these situations, the best option may be to liquidate all company assets. Before choosing this option, it is vital to have a well...
Judge says shareholder lawsuit against Zynga can move forward
Accurate business valuation, detailed shareholder agreements and ensuring that fiduciary duties are met can go a long way in protecting a business from shareholder disputes. In many cases, when a dispute does arise, the matter can be resolved outside of court, perhaps...
Experienced legal counsel can help you avoid liabilities in the health care industry
Few industries are as heavily regulated as the health care industry, and doctors, hospitals, practice groups, management companies, and other health care entities have to address potential liabilities on a daily basis. To avoid legal disputes, it is important that...
Deal reached between secured lenders and indebted software developer
If your business is having debt troubles and facing possible insolvency, then it is important to be aware of every debt relief option. While filing for bankruptcy is appropriate in many cases, debts can also be settled without going to court.Every case is different,...
Viacom settles minimum-wage lawsuit; interns to receive up to $7.2 million
Employment-related lawsuits in the United States have been on the rise in recent years, with disputes ranging from whistleblower claims to wage and hour disputes. As we discussed in a recent post, "Pros and cons of the 1099 economy," misclassification of employees is...
Pros and cons of the ‘1099 economy’
If you've been keeping up with business news, then you're probably aware of the rise of on-demand companies that provide anything from in-home massages to grocery delivery. Some people have called the phenomenon the "1099 economy" because most of these services are...
When a skilled litigation department comes in handy
Most business owners, when they realize they have a dispute with another company, don't immediately say to themselves, "We need to take this to court; we need to litigate." For one thing, litigation can be a costly and time-consuming distraction from running a...
How to file articles of incorporation in California
If you're starting a corporation or a limited liability company in California, a key step in the process is filing your articles of incorporation. Your corporation's existence is legally established when you file the articles with the California Secretary of State,...
California food manufacturer sued for allegedly infringing on Barefoot Contessa brand
Why does a company have trademarks and branding? To build consumer confidence and prevent the company's products from being confused with other companies' products. These are the basic purposes of trademarks and servicemarks, the registration of which we discussed in...