24 05, 2019

Corporate Leaders’ Duty of Loyalty and Conflicts of Interest in California

By | 2019-05-24T08:30:18-08:00 May 24th, 2019|Business Law, Commercial Law, Corporate Compliance, Corporate Law, Labor & Employment Law|Comments Off on Corporate Leaders’ Duty of Loyalty and Conflicts of Interest in California

This article outlines the duty of loyalty imposed on corporate leaders, how the business judgment rule provides protection against liability for directors if they act with reasonable care, and how conflicts of interest should be handled by corporate leaders. I. Duty of Loyalty California law imposes certain fiduciary duties on officers and directors of a [...]

3 05, 2019

PROTECTING PERSONAL ASSETS AGAINST LIABILITY FOR BUSINESS DEBTS IN CALIFORNIA

By | 2019-05-24T08:45:33-08:00 May 3rd, 2019|Asset Protection, Business Formation, Business Law, Business Litigation, Civil Litigation, Commercial Law, Commercial Ligitation, Corporate Compliance, Corporate Law, Financial, Uncategorized|Comments Off on PROTECTING PERSONAL ASSETS AGAINST LIABILITY FOR BUSINESS DEBTS IN CALIFORNIA

Although no business owner ever wants to consider the likelihood of being sued for unpaid business debts, breach of contract, or damages caused by their employees, business activities, or the like, these events do happen. What’s more, if businesses do not plan properly, owners may become personally liable for the debts of the business. This [...]

3 10, 2018

Pitfalls to Avoid for Small Businesses, Non-profits and Start-ups in California

By | 2019-05-22T12:19:48-08:00 October 3rd, 2018|Asset Protection, Business Contracts, Business Formation, Business Law, Commercial Law, Contract law, Contracts, Corporate Compliance, Corporate Law, LLCs|Comments Off on Pitfalls to Avoid for Small Businesses, Non-profits and Start-ups in California

Many small business owners and non-profits are unaware that their organization may not have the legal right to enter into contracts, prosecute a lawsuit, or defend against a lawsuit if their business does not maintain a qualified status with the California Secretary of State’s office (SOS) or the Franchise Tax Board (FTB). Contracts entered into [...]

7 03, 2018

CALIFORNIA STATEMENT OF INFORMATION, WHEN TO FILE?

By | 2018-03-07T08:36:06-08:00 March 7th, 2018|Business Formation, Business Law, Corporate Compliance, LLCs, Uncategorized|Comments Off on CALIFORNIA STATEMENT OF INFORMATION, WHEN TO FILE?

Don’t miss your deadlines for filing a Statement of Information with the California Secretary of State. Below are the required due dates for filing (penalties assessed range from $50 to $250): 90 Day Statement of Information/Change of Corporate Information: For Domestic Stock, Agricultural Cooperative, Foreign Corporations and Limited Liability Companies, a Statement of Information is [...]

30 04, 2016

Starting a Business in California? Read this first…

By | 2017-09-11T06:15:43-08:00 April 30th, 2016|Business Formation, Business Law, Commercial Law, Corporate Compliance|Comments Off on Starting a Business in California? Read this first…

Introduction It is no secret that nine out of ten start-ups fail—that’s a full 90% of businesses that do not become profitable or are derailed for one reason or another. So what can you, as a prospective business owner, do to ensure you are one of the success stories? Starting a business in California [...]