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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What Is a Business Plan Executive Summary?

An executive summary in a business plan outlines your company's mission, market positioning, and financial projections in a concise format. It highlights key points to capture investors' interest, acting as a compelling introduction to your business plan.

Average Revenue For Small Business

Small businesses with no employees have an average annual revenue of $52,000. The average small business owner makes $73,000 a year. In general, the average revenue is around $52,000 per year for a company with a single owner/employee.

Is it illegal not to pay taxes when being paid under the table?

While some employers pay employees in cash, paying employees under the table in California is illegal.

What Is Trademark Dilution? Understanding Its Impact on Well-Known Brands

Trademark dilution threatens the uniqueness and reputation of famous brands, often through tarnishment or blurring. Understanding dilution laws and defenses protects businesses from costly legal battles and potential brand damage.

What Is the Legal Definition of False Advertising?

False advertising involves untrue or misleading claims about products or services, violating laws enforced by the FTC and state authorities. Companies face legal consequences like fines, lawsuits, and cease-and-desist orders for deceptive practices under statutes like the Lanham Act and California's False Advertising Law.

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.

How to Calculate Business Profit

A business profit is revenue minus expenses. The profit formula in accounting calculates the net gains or losses incurred by the business for a period by subtracting the total expenses from the total income: Total Income – Total Expenses - Profit

Are General Partners Required to Contribute a Specific Amount of Capital, and What Happens if They Don’t?

General partners’ capital contributions depend on partnership agreements or default legal rules. Failing contributions risks breaches, reduced ownership, or dissolution, impacting partnership operations and legal standing.

Can A Limited Partner Sue a General Partner who Mismanages Partnership Finances?

General partners must manage finances responsibly, prioritizing the partnership's interests above personal gain. Mismanagement allows partners to pursue legal remedies, including lawsuits, accounting, or partnership dissolution.

Can General Partners Use Partnership Funds for Personal Expenses?

Partnership funds belong to the partnership, not individual partners, requiring strict adherence to fiduciary duties. Misuse of these funds for personal purposes can result in civil liability and criminal penalties.

Financial Liabilities of General Partners and Ways to Limit Them

General partners face personal liability for partnership debts and co-partner actions. Strategies like insurance and LLP formation can reduce exposure.

What Are the Benefits of Using a DBA (Doing Business As)?

A DBA (Doing Business As) name allows businesses to operate under a different name, enhancing branding flexibility and privacy. It is essential for opening business accounts, expanding services, and improving public perception without creating a separate legal entity.

How Can You Place a Vending Machine at a Location?

Learn the strategies for securing profitable vending machine locations and key factors to maximize your vending business's success. Discover top site recommendations, legal steps, and tips for approaching property managers effectively.

Roles and Responsibilities in a Limited Partnership? What Happens When a General Partner Commits Embezzlement by Stealing Money?

What Is the Legal Definition of Estoppel?

Estoppel prevents a party from contradicting prior statements or actions, ensuring fairness and consistency in legal agreements. Common types include promissory estoppel, equitable estoppel, and estoppel by deed, addressing various legal scenarios effectively.

What Does Business Acumen Mean

Business acumen involves strategic thinking, decision-making, and understanding organizational dynamics to impact goals effectively. Essential skills include financial insight, stakeholder awareness, and navigating uncertainty for leadership at all levels.

How Much is a Wrongful Arrest Lawsuit Worth?

Wrongful arrest lawsuit settlements vary based on damages, injuries, and missed opportunities. Know your rights to compensation for false arrests.

How to File a Lawsuit Against a Company?

Filing a lawsuit against a company involves specific legal steps, from documentation to court procedures. This guide outlines key processes and considerations.

What is a Civil Lawsuit? Key Facts Explained

A civil lawsuit involves resolving disputes over contracts, debts, property damage, or personal injuries through the court system. Key differences between civil and criminal cases include burden of proof, judgment outcomes, and legal procedures.

How to Start a Civil Class Action Lawsuit?

Initiate a civil class action lawsuit with clear steps for eligibility, legal requirements, and court certification. Find insights into common claims and advantages.

Financial Statements: Understanding the Core of Corporate Financial Reporting

Financial statements are a set of formal records that showcase a company's financial performance and position, providing insights into its current health and potential future performance, primarily consisting of the balance sheet, income statement (profit and loss statement), and cash flow statement.

Maximizing the 2024 Child Tax Credit: Your Guide to Eligibility, Benefits, and Future Expansions

The 2024 Child Tax Credit provides up to $2,000 per qualifying child. Families can reduce tax burdens and access refundable credits to ease financial strain.

Winning over Gen Alpha - What brands need to do now (2024)

Winning Over Gen Alpha: What Brands Must Do in 2025

Generation Alpha, born after 2010, is tech-savvy and socially conscious, shaping modern consumer behavior. Businesses must align with their digital fluency, values, and authenticity to remain relevant and successful.

Understanding What Comes After Generation Z and Alpha: Impacts on Families and Businesses

What comes after Generation Z and Alpha will reshape society through evolving values and technology. Businesses and families must adapt to new generational traits to remain relevant and connected.

26 Proven Small Business Ideas for 2025 and Startup Costs Under $1000

Explore 26 proven small business ideas for 2025, ranging from online reselling to digital marketing, and find your path to success. Start with minimal costs and unlock profitable opportunities with these diverse, adaptable business concepts.

Comprehensive Guide to Understanding the Cost of an LLC

The cost of an LLC includes formation fees, taxes, and ongoing compliance expenses. Proper budgeting ensures your LLC remains legally compliant and financially stable year-round.

Affirmative Defenses to Breach of Contract

Can Debt Collectors Come to Your House Legally

What is a partition action?

A California partition action arises when one co-owner wants to sell their share. Other co-owners can legally divide or sell the property through "partition."

Breach of Implied Covenant of Good Faith and Fair Dealing

The implied covenant requires each party to uphold the contract’s purpose and benefits. A breach occurs when a party’s actions interfere with or undermine the contract's agreed terms.

Understanding Failure of Consideration for Lawyers

Failure of consideration happens when a party fails to fulfill their promised obligations. It justifies rescission if the failure is substantial.

What is the meaning and example of anticipatory breach of contract?

An anticipatory breach of contract happens when one party signals non-performance before the contract date. This breach allows the non-breaching party to take immediate legal action for remedies.

Condition Precedent to Contract

A condition precedent is crucial for determining when contractual duties become enforceable. Meeting a condition precedent is necessary before a party's obligation to perform arises.

How to Protect Yourself from a Disgruntled Employee

Protect your workplace by addressing early signs of employee dissatisfaction to prevent disruptions. Implement strategies to ensure safety during difficult terminations.

Breach of Contract Law in California

To recover damages from the defendant for breach of contract in California, the plaintiff must prove all of the following: (1) that plaintiff and defendant entered into a valid contract; (2) that plaintiff performed under the contract or that performance was excused; (3) that the defendant failed to perform under the contract; (4) that plaintiff was harmed; and (5) that defendant’s breach of contract was a substantial factor in causing the plaintiff’s harm.

What is a Registered Agent? Understanding the Role and Importance for your LLC

A registered agent is essential for your LLC, handling legal, tax, and government correspondence, ensuring timely delivery of important documents. Choosing a registered agent service offers privacy, compliance, and reliable handling of official communications, helping your business operate smoothly across states.

Form 1096: A guide for US employers

Guide to Form 1096 for US Employers: Learn which businesses must file Form 1096 and the consequences of not filing. Get details on obtaining free forms and submitting accurate reports to the IRS.

Core competencies in business: Finding a competitive advantage

Core competencies give businesses a competitive edge by leveraging unique resources and talents. Identifying and developing these strengths is crucial for success in today's market.

Organizational structure for companies with examples and benefits

An organizational structure defines task completion rules to meet company goals, enhancing productivity and information flow. Different structures, like matrix and functional, suit various business needs and cultures.

What is a Gap analysis?

Gap analysis helps businesses compare current performance with desired goals, identifying inefficiencies. This method aids in developing action plans to bridge performance gaps.

Duty to Mitigate: What is mitigation of damages?

This article explains the doctrine of mitigation of damages, emphasizing the duty to minimize losses through reasonable efforts in legal disputes.

Skills Matrix: Your key to managing and developing team talent

Utilizing a skills matrix helps identify existing competencies within your team and highlights essential skills for business success. This tool enables strategic talent management and efficient task assignment in organizations.

SWOT Analysis Example

Conducting an HR SWOT analysis helps identify strengths, weaknesses, opportunities, and threats within and external to an organization. This process aids in developing strategic HR actions aligned with the company's objectives.

HR Career Pathway

Discover how to shape your HR career pathway effectively, utilizing insights on skills, gaps, and tools available for your professional growth. Learn strategies for navigating various HR career routes to enhance your development and impact.

Certifications For HR

Explore nine HR certifications to enhance your career prospects and demonstrate your knowledge of best HR practices. Discover how certifications can increase your earning potential and make you more competitive in the HR field.

HR Roles: Key duties and responsibilities in today’s workplace

Explore how HR roles have evolved from basic administrative functions to strategic tasks that enhance organizational performance and employee engagement. Learn about the crucial roles in HR that drive company success and adapt to technological and workplace changes.

Succession Planning: Why is it essential for your business

Understand why effective succession planning is crucial for organizational continuity and competitiveness, and how a lack of planning can impact businesses. Discover how structured succession plans can benefit organizations by preparing future leaders and ensuring role continuity.