Business Law Articles

A loyalty program benefits are where retail businesses offer customers discounts, special incentives, and rewards for purposes of retaining customers and repeat business. For example, get one free at Starbucks for every seven cups of coffee.

Bridge loans are short-term loans with high-interest rates until a company secures permanent financing.

A prepaid business credit card allows businesses to set spending limits and monitor expenses without the risk of accumulating debt. However, prepaid credit cards often come with higher fees and more difficult for building credit.v

Unless otherwise stated in a partnership agreement, business partners as owners have equal rights to manage, operate, and allocate profits according to the partnership agreement.

Embezzlement involves the stealing money or property from your own business.

Yes, you can embezzle money from your own company if you’re not the sole owner. However, if you’re the sole owner, you cannot embezzle from your solely own company. You cannot “steal” from yourself. You can steal from your own company if you have co-owners, partners, or shareholders.

To deal with a bad business partner, speak to the partner about your concerns. If talking doesn’t work, you may close the doors by dissolving the business, selling your share to the partner or another person, buyout the partner, or suing the partner.

Trying to prove a verbal agreement in court is hard but not impossible. To prove a verbal agreement, the court will examine evidence should as emails, text messages, invoices, receipts, and the parties’ conduct relating to the verbal agreement.

Partnership agreements and partnership law guide business partnerships. The partnership agreement determines when and how one partner may force another out of the business.

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…

To start a business in California, take these steps: 1) have a good business idea, 2) decide on a legal structure for the business, 3) choose a business name...

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.

Yes, SBA loans require a down payment of at least 10% up to 30% depending on the strength of cash flow and the value of the collateral.

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.

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.

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