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4 05, 2017

California Successor Liability

By | 2017-05-04T08:51:57+00:00 May 4th, 2017|Asset Protection, Business Law, Business Litigation, Commercial Law, Commercial Ligitation, Corporate Law|Comments Off on California Successor Liability

If you are purchasing an existing business or even the assets of a business in California, it is important to consider to what extent your business will have exposure to successor liability following the purchase. California successor liability laws are significantly broader than those in some states, so being informed and taking steps to mitigate [...]

4 05, 2017

CALIFORNIA USURY LAWS: What you should know before lending or borrowing money

By | 2017-05-04T08:14:30+00:00 May 4th, 2017|Business Contracts, Business Law, Contract law, Contracts, Financial, Uncategorized|Comments Off on CALIFORNIA USURY LAWS: What you should know before lending or borrowing money

Introduction Many business owners and individuals incorrectly believe they can charge any amount of interest to which the parties agree. However, unlike many contract terms, rates of interest charged by non-exempt lenders is limited in California to ten percent (10%) per year, even if the borrower is otherwise willing to pay a higher rate (or [...]

19 03, 2017

Look Before You Leap! Don’t Sue for an Uncollectable Judgment

By | 2017-03-19T23:20:47+00:00 March 19th, 2017|Business Law, Business Litigation|Comments Off on Look Before You Leap! Don’t Sue for an Uncollectable Judgment

When a client walks in the door and says “I really don’t care about the money, it’s just the ‘principle’ of the matter,” the wise lawyer may reply: “You shouldn’t sue for ‘principle’, unless it’s ‘principal plus interest’”, i.e. money. The meaning of this old pun, of course, is that the only satisfaction likely to [...]

8 03, 2017

Legal Considerations When Buying a Business: Summary of the M&A Process

By | 2017-03-08T23:12:01+00:00 March 8th, 2017|Business Law, Contract law|Comments Off on Legal Considerations When Buying a Business: Summary of the M&A Process

Thinking of buying a business? For any arms’ length transaction, it is critical that buyers take certain steps during the purchase process (also referred to as the M&A process) to protect their legal and financial interests. Assuming the buyer has already identified a viable target company to purchase, we summarize here the essential next steps [...]

3 02, 2017

Importance of Annual Meetings for California Corporations

By | 2017-02-03T12:48:15+00:00 February 3rd, 2017|Business Law, Contracts, Corporate Law|Comments Off on Importance of Annual Meetings for California Corporations

Did you know that failing to address your company’s corporate and legal compliance issues can lead to costly and avoidable consequences such as: -Legal claims by employees, shareholders, vendors or customers -Personal liability of owners/managers for company obligations -The potential for a dissolution of your company -Limited access to new capital or loans -A negative [...]