Business Law Articles

Discover and learn the latest valuable business law articles for ideas, practical information, DIY from a network of leading business and corporate lawyers.

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Family Member Stealing from Business

The best way to reduce the chance of embezzlement from a family business is to provide education to all employees, implement strict rules about how the company’s assets and funds can be used, and put in place controls that will spot wrongdoing immediately.

Director Stole Money from Company

An example of embezzlement is when a corporate director took money from a cash register and used the funds for his benefit.

Can You Force a Business Partner Out?

Partnership agreements and partnership law guide business partnerships. The partnership agreement determines when and how one partner may force another out of the business. Business partnership law controls the procedure for forcing a partner out if there is no partnership agreement.

Can I Take My Business Partner to Court?

You can take a business partner to court by suing the partner. You may use the business partner for embezzlement, breach of fiduciary duty, fraud, or negligence.

7 Tips for Buying Out a Business Partner

There are many reasons to buy out a business partner, including giving you complete control of the company. The steps for buying out a business partner include: 1) Determining the assets you’re buying, 2) Clear communication, 3) Hire an attorney and CPA, 4) Retain expert in business valuation, 5) Draft a partnership buyout agreement, 6) Determining buyout financing…

What to do if someone breaks a verbal agreement?

If someone breaks a verbal agreement, the first thing to do is to determine if the verbal agreement is valid. If the agreement is valid, hire and lawyer and sue for money damages or specific performance.

How to Register a Business Name in California

To register a business name in California, check if an existing business already uses the name. Then, register the business name with the California Secretary of State if the company is going to be an entity. Register the business's name with the city’s county recorder if the business is not an entity.

Is a Verbal Contract Enforceable in California?

A verbal contract is generally enforceable in California, with some exceptions. Two of several exceptions to enforcing oral contracts are contracts that involve real estate leases, buying or selling real estate.

7 Best Women Business Organizations

For women business owners, it is critical to develop connections with fellow professionals in order to create useful networks. There are plenty of associations that support women, and which can be very beneficial for small business owners looking for advice and fellowship.

5 Unsecured Business Credit Cards for Startups

What is an unsecured business credit card? An unsecured credit card does not require a personal guarantee from the business owner. Small business owners prefer an unsecured credit card.

10 Facts About Business Before Starting A Business

1) More than 50% of new businesses survive their first year in business. 2) Less than 50% of family-owned businesses are passed to their children. 3) 40% of business experience challenges in the supply chain…

Advantages of Buying an Existing Business

Starting a new business is challenging. Buying an existing business has its advantages, including knowing what is already there and improving on it: trained employees, existing customers, and operating expenses.

SBA CAPLines

SBA CAPLines are SBA lines of credit that help a small business improve short-term cash flow. The SBA CAPLines have four types of credit: 1) Seasonal CAPLine, 2) Contract CAPLine, 3) Builders CAPLine, and 4) Working CAPLine.

Deceit Definition | Definition of Fraud

Deceit as defined is tortious fraud or deceit occurs when a party “willfully deceives another with the intent to induce him to alter his position to his injury or risk.” Civ. Code § 1709. Fraud has three meanings: 1) A person made a false promise, 2) A person conceal important facts, and 3) A person intentionally misrepresent an important fact.

Is Small Business Loan Secured or Unsecured

Although a small business loan may be secured or unsecured, nearly always, the loan is secured. The bank loans are nearly always secured by the business’s accounts receivable, intangible assets, and tangible property, if any exists.

5 Steps on How to Build Business Credit with Bad Personal Credit

It is challenging but not impossible to build business credit if an entrepreneur has bad personal credit. A good credit score can set a business up for success. Even if a business owner has a poor personal credit score, he or she should still try to build up their company’s credit score.

3 Advantages of Balance Sheet

The benefits of a balance sheet assist business owners in having an overview of their income, assets, and liabilities. A balance sheet is necessary for lenders to determine how much money to loan a company.

How to Select an Entity Type For A Business

There are many factors when selecting an entity type for a business. Entrepreneurs should consider control, investors or shareholders, taxation, growth, and future needs.

How to Sell on Facebook Marketplace as a Business

Facebook Marketplace is a business service that lists and sells services and products. The marketplace is free for individuals. Businesses pay a 5% fee on services or products sold.

What does principal mean on a loan?

A loan principal is the amount of money that is borrowed. For example, when a bank approves and loans a person or business $100,000, that $100,000 is the loan principal.

What is a micropreneur mean?

Some popular types of micropreneurs include Airbnb hosts, bloggers, life coaches, tutors, and photographers.

Payment Upfront Meaning & 5 Tips for Getting Upfront Payments from Customers

Upfront payments can be beneficial to many small business owners. Upfront payments protect the owner emotionally and financially. There is no fear of customers disappearing without paying for products or services. It is also a great method by which to build trust with customers. It can also help improve cash flow, thereby letting the business grow and flourish.

10 Tips on How To Start A Food Truck Business

Running a food truck business is an exciting and trendy opportunity for any entrepreneur with a passion for food. If a business owner chooses the right financing options and follows the above tips, then he or she has every chance of success.

Where Can I Cash a Business Check?

If a person doesn't have a checking account to deposit the check, the business check may be cashed at the bank that identified on the check. Alternatively, the business check may be cashed at a check-cashing service: Walmart Money Center, Payday Advance, Moneytree, ACE Cash Express, Speedy Cash, etc.

Assets that Can Secure a Loan

What assets can be used for a secured loan? The assets that can secure a loan includes: home, property, stocks, bonds, vehicles, CD account, fine art, gold, etc.

How to File a DBA in California

In California, a business’ fictitious DBA name should be original and also meet the state’s naming requirements. Therefore, it is necessary for a business owner to search county and state records for the proposed name to ensure that it is not already taken.

10 Tips on How to Find Customers

Finding new customers may prove difficult if as business has already made marketing efforts. However, there are effective strategies that can help a small business find new clientele, thereby continuing company growth.

5 Tips on How to Start an Import Export Business

While the import/export business is complicated and requires a lot of organization and capital, it can be immensely rewarding. With the necessary research and planning, anyone can start their own import/export business.

9 Steps on How to Start an Online Thrift Store Business

This article will review the details of each step, thereby helping the aspiring thrift store owner get started. By following each of these steps, an entrepreneur can look forward to finding business success with their online thrift company.

List of 12 Biggest Business Startup Costs

It is a good idea for every entrepreneur to consider the costs associated with starting their business. Financing is stressful, but estimating startup costs goes a long way to ensuring a business succeeds.

11 Tips on How to Come Up with a Business Name

Straight to the point on how to come up with a business name: 1. Do not use hard-to-spell words such as Twitter unless you have millions of dollars to invest in branding and marketing. 2. Google search...

13 Steps on How to Start a Small Business

Starting a small business is not an easy endeavor, but the rewards of success make all the hard work worth it. The following the 13 steps below can help an entrepreneur turn their dream business into a reality.

How to Pay Myself as a Sole Proprietor

The best method a sole proprietor business owner may pay themselves is to set up a payroll that pays either every week, two weeks, or monthly. There are many payroll companies and the frequently used companies are ADP Small Business Payroll, OnPay, Gusto, and Paycheck.

6 FAQ Answered: How to Value a Business

After years of hard work, at some point, a business owner may decide it is time to sell his or her beloved business. How does one figure out the market value of a business?

Documents Needed for Business Valuation Checklist

The documents needed for a business valuation are as follows: 1) Financial Statements (Balance Sheet, Profit & Loss Statement), 2) Account payable and Account receivable with ageing report, 3) Tax Returns...

Average Revenue For Small Business

A few major points can be taken away from these statistics. First, a small business owner should not expect to become wealthy – certainly not immediately – from their business.
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