May 15, 2023 | Small Business Tips, Starting A Business
What is a reservation of rights, and do I have a conflict of interest with my insurance? When an insurance company agrees to defend an insured party against a claim, they may do so under a “reservation of rights.” This means that the insurer agrees to...
May 4, 2023 | Small Business Tips, Starting A Business
A Limited Liability Company (LLC) is a business structure that helps entrepreneurs separate their company assets from their personal assets. When you establish an LLC as a business owner, it becomes an independent legal entity able to conduct business, enter into...
Apr 28, 2022 | California Legal Tips & News, Starting A Business
If you have been following the news lately, you most likely have heard that the world’s richest man Elon Musk has acquired Twitter. Musk is paying approximately $44B to take over the popular social media platform, and to ensure the acquisition goes smoothly, he and...
Apr 19, 2022 | Small Business Tips, Starting A Business
If you run a business the chances of you being sued by a supplier, disgruntled employee, customer, or even a competitor are quite high. According to a survey done by the Small Business Administration over 36% of small businesses are sued each year and at least 43% are... Feb 19, 2022 | California Legal Tips & News, Small Business Tips, Starting A Business
Over the last two years due to Covid-19, millions of small businesses, which make up 99.9% of all US businesses, have closed down or are struggling to stay afloat. Despite the continued hardship the Covid pandemic has inflicted on small businesses, it appears the...
Dec 9, 2021 | California Legal Tips & News, Small Business Tips, Starting A Business
An Operating Agreement is a binding agreement between business partners who jointly operate a Limited Liability Company (LLC) in California. If you are operating a California LLC, you should have a written Operating Agreement to set out your business structure. Most... Jun 7, 2021 | Small Business Tips, Starting A Business
An LLC, or limited liability company, is a flexible business structure that is well-suited for small to medium-sized business. It is less formal than a corporation, but still offers the business owner the benefits of limited liability. Limited Liability Companies and...
May 7, 2021 | Starting A Business
Hey everyone, one simple question that I get often is what’s the difference between a Limited Liability Company (LLC) and a Corporation (INC)? In short, these are what we call “legal entities” that give the corporation or LLC its own legal status...