A Winning Combination
Facing a consumer lawsuit can feel overwhelming, but taking proactive steps can help prevent legal trouble. Understanding how to protect oneself can make a significant difference. Keep detailed records According to Forbes, in 2022, class action lawsuits resulted in...
Disagreements are a natural part of any business partnership. Whether it is about financial decisions or day-to-day operations, conflicts can arise in an instant. Knowing how to address them is important to maintain a healthy working relationship. Stay open to...
Forming a partnership can be an exciting endeavor, but you need to protect your interests in case things do not work out as planned. That is why every partnership agreement should contain an exit clause. There are a few key reasons why you need one. Allows for an...
Crafting exceptional wine is arguably more of an art than a science. That said, creating the perfect bottle of Chardonnay or Merlot requires more than mere passion. Operating a winery also demands a healthy dose of business savvy. The right insurance can help ensure...
When confronted with a lawsuit, small business owners often find themselves in a challenging situation that requires swift and calculated responses to mitigate potential risks. There are several immediate steps that can assist in navigating this predicament. 1. Gather...
One of the most significant decisions you will face is how to eventually exit your business. There are two primary exit strategies for small business owners: selling the business or passing it on to the next generation. Understand your options to build a comprehensive...
As you focus on building your business, you have many hats to wear. Ensuring your business has practices in place to create a safe, nondiscriminatory environment should always rank high. While you may not think you will face a discrimination lawsuit, it does still...
Starting a new business in California involves important decisions, one of which is determining the legal structure or formation option for the business. Selecting the right option is important, as it impacts aspects such as liability protection, tax obligations and...
If you are ready to start your new business venture in California, you might be thinking about forming a partnership. Before you do, consider your partnership agreement carefully. You want a partnership agreement that is comprehensive, clear and enforceable. There are...
Choosing when to incorporate your business might have significant tax implications. Many companies are ready to open in December but becoming effective at the end of the year is not always the wisest decision. Delayed filing is a good option for most small businesses...