Business Law Articles

Trust Beneficiary Rights & Can A Trustee Be Sued?

Yes, where a trustee mismanages a trust, the beneficiaries have the right to sue the trustee.

How Do You Deal with a Toxic Business Partner?

Address concerns directly to the bad business partner; communicate openly and clearly. Consider mediation or seek legal advice from a business dispute attorney. Document disagreements, consider amicable separation if necessary.

Learn Loss Prevention Strategies for Business

Learn about loss prevention strategies to protect your business and reduce the amount of loss your company experiences.

How to Become Self-Employed and Be Successful

To be self-employed, you must start your own business or become a freelancer.

How to Start a Corporation

How to form a corporation in 12 steps. This guide simplifies the process of starting a corporation in California, highlighting the benefits such as legal protection and tax savings for business owners. It covers key steps like selecting a business name, filing legal documents, and appointing directors.

What is a certificate of good standing?

A Certificate of Good Standing is a document issued by the government that certifies that a business has filed all reports and paid the necessary fees with the Secretary of State's office.

How To Start A Successful Small Business

Our business startup attorney provides step by step instruction on how to start your own small business.

Loan Guarantor: Meaning and Risk to Guarantor

A loan guarantor is an individual who assures that a borrower's loan will be repaid, with the guarantor risking their assets to cover the loan if necessary.

What To Do If Your Business Partner Steals from You?

The theft should be reported to law enforcement so that there is a record of how it occurred. You may also file a civil lawsuit for embezzlement and breach of fiduciary duty.

How To Start A Coffee Shop

A step by step guide to start a successful coffee shop.

Is A Verbal Agreement Binding?

A verbal agreement is binding when there are witnesses and documents to meet the elements of a valid contract.

Business Partnership Advantages and Disadvantages

When done well, a business partnership can increase profits and share the burden of expenses, capital expenditures, and labor to run the business.

Balance Sheet Working Capital: What Is It and How To Calculate

Working capital is the current assets and cash a business has available subtracted by the current liabilities.

Businesses You Can Start With $1000

A list of 9 businesses you can start with $1000.

What Entrepreneur Degree Is Best If You Want to Start Your Own Business?

This article lists eight college entrepreneur degrees for starting your own business.

How to Sell Yourself

Learning how to sell yourself for any situation can benefit you financially.

eBay vs Amazon

A comparison between eBay and Amazon on their pros and cons of selling online.

14 Best Self Employed Jobs

This article will give ideas for leaving your dead-end job or exploring self-employed jobs for extra income.

Community Involvement: Benefits and Ideas

Community involvement is consistent and meaningful participation in community activities that support and bring measurable positive improvements to the community in which your business operates.

What Is Customer Appreciation Day And How To Celebrate It

Every year, on the third Thursday of January, April, July, and October, businesses celebrate Customer Day by having events that improve customer relationships.

What is fiduciary duty?

Fiduciary duty is a legal obligation of the highest degree for the person in trust to act in the beneficiary's best interest.

What Are the Pros and Cons of a Long-Term Business Loan?

The advantages of a long term business bank loans is that it is long term and low interest rates.

What is the disadvantage of changing business name?

Changing a business name can confuse existing customers and cause a loss of goodwill from the business brand.

Responsibility of a Trustee

A trustee assumes the fiduciary responsibility of a trustee by managing the assets and distributing the profits to the beneficiaries according to the trust terms.

What Makes An Effective Advertisement?

An effective advertisement uses creativity to grab the viewers' attention and make a brand immediately memorable and identifiable.

When to Hire a Business Attorney

It is prudent for business owners to hire an attorney specializing in business law before facing a lawsuit or issues with employees.

How to Pay Myself as a Sole Proprietor

Sole proprietors pay themselves by withdrawing cash from the business. The cash withdrawals are counted as income and are taxed at the end of the year.

What Does A Trustee Do?

The trustee acts as the legal owner of trust assets and is responsible for managing the trust's assets, distributing the assets to beneficiaries, and filing tax returns.

How To Make Your Business Stand Out

For companies to stand out, the best team that goes beyond their customers' expectations in happiness and satisfaction can make the business stand out among mediocrity.

Right of Rescission

Under the Truth in Lending Act, the right of rescission refers to the right of a consumer to cancel certain types of loans.

10 Best Credit Card Reader for Small Business

The best credit card reader for small business depends on whether your business does in person sales or online sales. Credit card scanner app for online sales generally has higher rates.

How To Start A Business In Los Angeles

Business attorney's business startup guide for entrepreneurs to open a business in Los Angeles.

Starting a Bar Business: How to Open a Bar

A business lawyer's step by step instructions for starting a bar business and things you must do before opening the bar such as obtaining insurance.

How to open a beauty supply store.

Learn how to open a beauty supply store or business.

How to start a business in California.

One of the most essential steps to start a business in California is to have a business plan for your business idea.

Characteristics of an Entrepreneur Mindset

An entrepreneurial mindset is determined, creative, resourceful, and resilient in the most adverse circumstances. An entrepreneur mindset is often positive thinking and comfortable with discomfort.

How To Start Drive Through Coffee Kiosk

Learn steps to start a drive-thru coffee stand begins with a concept or theme on what the coffee kiosk will look like to the public. Then, you must draft a business plan on how the drive through coffee stand will succeed.

What are the components of a marketing plan?

A marketing plan is a strategic outline businesses use to organize, execute, outreach to specific customers, and track their advertising strategy based on a schedule that includes weekly, monthly and yearly activities.

How to start a coffee truck business

This article discusses all the points you should consider to start a successful coffee truck business.

How to start a digital marketing agency

5 Steps on starting your digital marketing agency. This guide provides step by step for starting a successful digital marketing company.

How to transfer LLC ownership?

Two common ways to transfer LLC ownership are to conduct a partial sale to a third party or sell your entire LLC to a third party.

Why Do Companies Incorporate in Delaware?

The State of Delaware offers companies lenient tax benefits and liability protection. Also, companies that incorporate in Delaware do not have to do business in the state.

What Is Business Communication?

Business communication is exchanging information between employees within the workplace and people outside a company.

What Does a Business Lawyer Do?

A business lawyer provides legal services and educates companies on legal matters, including litigation, best practices, applicable laws, creating legal documents, business formation, conflict resolution, business dealings, business transactions, and best business practices.

Inc vs. LLC

Incs. is short for incorporated, and LLC is short for Limited Liability Company. For Inc., where the owner elected to be an S corporation, the profit and loss are passed to its shareholders, whereas income and loss in an LLC flow through to the members.

Compare LLC and Inc.

An Inc. is short for incorporated and an LLC stands for a limited liability company. Both protect company owners from personal liability for business obligations.

Small Business Owners Making More Than $250,000

The small business owners that make $250,000 a year or more tend to be manufacturing executives and those who run holding companies.

How to Start an LLC in California

To start an LLC in California, you may hire a lawyer or do it yourself by going to the Secretary of State's website and registering your business as an LLC by filing the Article of Organization and following the instructions.

Can Two Businesses Have the Same Name?

It depends. If the business name is a registered service mark or trademark, another business cannot have the same name because it violates trademark law. You must perform a three-part test if the business name is not a registered service mark or trademark.

Material Breach of Contract

A material breach of contract occurs when a party fail to perform a contract's terms making the primary purpose of the contract not met, the breach is considered material.