Business Law

The business judgment rule assumes that boards of directors act in good faith. For example, if you serve on a board in California, it is assumed that you act in the best interest of stakeholders. Therefore, board members cannot be prosecuted for their decisions unless...

When you're looking to set up a business with one or more people, a partnership is one of your options in business structures. You would typically pay taxes as individual income, and you would share liability with your partners for the business. There are several...

A California business cannot survive if it runs into severe financial troubles. One way to reduce potential financial risks involves establishing a loss-prevention strategy. Such steps may entail reducing or eliminating liabilities resulting in a lawsuit....

A breach of contract can be a significant distraction for a business and can also potentially damage the business. For that reason, business owners should be familiar with the legal resources available to help them in breach of contract situations and generally understand the components of a contract. Contract disputes can cause businesses significant damages. Businesses impacted by a contract…

No business wants to get a communication from a government agency or other business suggesting that the first organization is responsible for an environmental cleanup. Doing a proper pollution cleanup can cost millions of dollars, especially if there are also legal disputes entangled within the process. Big environmental claims can hurt the bottom line of even the largest California companies,…

Business owners in Southern California are always looking for a way to avoid spending necessarily. This includes legal disputes with customers, vendors, competitors, employees and more. These days, many, if not most, businesses seek alternatives to trial when a serious legal problem arises. Tools like mediation and arbitration can resolve disputes without the cost, risk and hassle of a lawsuit.…

Business owners who find themselves amidst a dispute often wonder how the matter is going to play out. They often envision tense negotiations and high confrontational litigation that leads to a jury verdict. While these situations can and do occur on a regular basis, many business owners in the San Diego and Los Angeles areas find themselves drawn to what…

Many business owners fear the prospect of litigation. It can be expensive and time-consuming. As a result, alternative methods of dispute resolution have become increasingly popular. However, alternative dispute resolution may not be the right choice for everyone. There are pros and cons that each business owner will need to weigh as they try to find a solution to their…

Bill Gates once claimed, “Intellectual property has the shelf life of a banana.” That may be true, but he has made billions off the back of his bananas. Protecting intellectual property (IP) is one of the key areas that new California businesses can get wrong. Getting it right at the start can save you costly legal battles. It can also…

Facing a lawsuit against the company that you’ve worked so hard to build can be a challenge, especially if you’ve never been in this position before. It’s imperative that you take the time to learn what steps you need to take now that you’re in this position. One of the top priorities now is to protect the company that you…