Online Articles on Business & Corporate Law
Business Disputes 101: Equity for Services Performed and Raising Capital
It happens every day: friends go into business with one another, and invariably,
one friend has more (if not all) startup capital than the other. In such
a situation, equity is often distributed based on capital contribution
and services performed. Unfortunately, the partnership agreement, operating
agreement, bylaws or other operational documents rarely address what happens
when a “services” partner fails to perform his or her services
or performs these services at a level that is unsatisfactory to the other partners.
Does My Commercial General Liability Insurance Protect My Business? Short
Answer: Not Much
Our city has a proud and diverse group of entrepreneurs. From clothing
boutiques to juice bars and everything in between, businesses are open
to the public around the clock. To business owners, this means money.
To lawyers, this means lawsuits! We are paid to protect you, and if necessary,
fight for you. We prefer the former (well, some of us do), and a huge
tool in our arsenal is a strong commercial general liability policy (CGL).
Which Business Entity is Right for You?
One of the most important decisions you will make when starting a new business
is deciding what type of business entity your business will be. In order
to avoid unlimited personal liability business owners can form a C-Corporation,
an S-Corporation or an LLC and shield their personal assets.
Should I Start My Own LLC?
Summer is here! A nostalgic reminder of summer vacations, summer jobs and
lemonade stands. Even as kids, we all had an entrepreneurial spirit in
us. Today it may be setting up e-shop on Etsy.com or starting that house-flipping
company. No matter where your interests and creativity may take you, there
are some very important threshold considerations to become familiar with
before starting a business.
Alternative Dispute Resolution Gaining
The use of ADR (Alternative Dispute Resolution) to settle commercial disagreements
before engaging in a civil trial is gaining popularity. While not every
disagreement can be settled this way, for those that can, NeJame Law attorney
Tom Sadaka has experience using ADR to save time and money — for
both parties.
Solving your collection problems
There is no question that the economy is in a recession. In this current
economic environment, your business has undoubtedly experienced difficulty
in the maintenance of regular accounts receivable collections.