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...
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...
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...
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,...
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...
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...
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...
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,...
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...
When there are multiple creditors in Chapter 11 bankruptcy, each creditor has its own interests to protect. However, banding together as a committee is often advantageous to unsecured creditors and helps them maximize the amount they recover. The Bankruptcy Code...