The ever-changing business landscape makes partnerships a go-to strategy for many entrepreneurs. However, just like marital relationships, business partnerships can either flourish or flounder. This blog aims to guide you through the legal intricacies of both setting up and terminating business partnerships. How you start and end a partnership can determine the company’s success in […]
In creating a new business, one of the most important decisions is how to legally structure it. A sole proprietorship is perhaps the simplest structure of business; the single owner reports the income and expenses of the business on their own personal tax return. However, the simplicity of an unincorporated business can be risky, as […]
A lending contract is a legally binding document between a borrower and lender. It is a credit agreement for mortgages, credit cards, car leases, and other types of loans. It is crucial to have clear terms in a lending contract to encourage both parties to act in each other’s best interests while fulfilling their own […]
Are you in dispute with someone you signed a contract with? One of the first things you need to determine is whether or not the contract will be considered an enforceable agreement under the law. Contracts commonly involve promises to do something (or stop doing something), but not all promises are contracts. So, how does […]
Does a release of liability exonerate contractors who have performed unpermitted work? When a client requests that a contractor perform unpermitted construction work, should the contractor and client mutually sign a release of liability for any claims related to unpermitted work? Will these hold up in court? Certain contract terms can limit liability exposure from […]
Suppose a buyer and seller have multiple separate contracts together, but the buyer has failed to pay for goods that have already been delivered. Is the seller obligated to deliver or fulfill future orders? Here is what you need to know about the Uniform Commercial Code and remedies for a contract breach. The Uniform Commercial […]
Business Client Video Testimonial Below is a video testimonial for Villasenor Law Offices, and business attorney Christopher Villasenor, from client H & H Real Estate Media, Inc. Chris Villasenor consulted H & H on the types of business entities and the pros & cons of each. He then helped them form a Chapter S Corporation […]
During both normal and difficult economic times, businesses are faced with many financial, organizational and personality challenges. Although the federal, state and city governments provide resources for individuals and businesses over the short term, business owners must attempt to work together to make important and strategic decisions to maintain the success of their enterprise. In […]
There are several entities to choose from when starting a new business. The most popular business entities include: Corporations Limited Liability Companies (LLC) General Partnerships Clients typically ask, “what’s the best legal entity for my business?” In order to answer this question, many facts and issues must be considered because each business situation is different. […]