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What Happens When a Business Contract Is Breached in California?

Posted on 6/6/2018 by in Business Law business contract

When two parties sign a contract, each is expected to carry out their end of the deal. But if one party fails to deliver, the other may pursue legal action.

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TOP 3 TAX LAW CHANGES AFFECTING SMALL BUSINESSES

Posted on 3/9/2018 by in Business Law Taxes

On December 22, 2017, President Donald Trump signed a sweeping tax bill that changed taxes for nearly all Americans. While some of these changes affect individuals’ taxes, the top 3 changes that affect small businesses are as follows:

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WHAT IS A BUY-SELL AGREEMENT AND WHY EVERY BUSINESS NEEDS ONE

Posted on 8/30/2017 by in Business Law Buy-Sell Agreement

A Buy-Sell Agreement is a legally binding agreement between co-owners of a business that governs how a co-owner’s ownership interest is handled if that co-owner dies, is forced to leave the business, or chooses to leave the business.

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VALIDITY OF NON-COMPETE & NON-SOLICITATION CLAUSES IN CALIFORNIA

Posted on 6/29/2017 by in Business Law Non-Compete Non-Solicitation

Many business owners wish to include non-compete and non-solicitation clauses in contracts. A non-compete clause (or separate non-compete agreement) typically prohibits one party from competing against the other party for a specific duration after the contract ends. California courts frown upon non-compete clauses, and there are pitfalls when including these clauses in contracts.

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THE FAMILY LLC – A UNIQUE ESTATE PLANNING TOOL

Posted on 4/26/2017 by in Entity Formation Estate Planning Business Law Family LLC LLC

A Family Limited Liability Company (FLLC) is a legal entity that serves as an estate planning tool. The main goals are to protect assets from creditors, provide management experience for younger generations, ensure who acquires a direct interest in the family business, prevent fragmentation of the family business and assets, and reduce estate and gift taxes.

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2017 CALIFORNIA EMPLOYMENT LAW UPDATE

Posted on 2/24/2017 by in Employment Law Business Law

This year the California Legislature added numerous new employment laws, most of which become effective on January 1, 2017. Most of these statutory laws impose new regulations on employers, while there was a recent decision in an important California Supreme Court case that affects employee meal/rest periods. This newsletter highlights a few of the new laws that employers should be aware of in 2017.

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