The Importance of Non-Disclosure Agreements for Employers
There are many reasons employers should consider the use of non-disclosure agreements (NDAs). Sometimes referred to as a confidentiality agreement, an NDA is a contract wherein the parties agree that certain facts are not to be discussed outside of certain circumstances. Types of NDAs There are three basic types of NDAs: Multilateral NDAs Bilateral NDAs Unilateral NDAs. Multilateral NDAs...Read More
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If You and Your Family Members Own Stock in the Same Corporation, This is What You Need to Know About the Tax Consequences of I.R.C. Section 318(a)(1)
Does the family that invests together stay together? Under Internal Revenue Code section 318(a), you might be taxed together. Or at least one of you might bear the burden for the entire family’s corporate stock investments. If you and your spouse and children all own stock in the same corporation, section 318 could lead to some surprises at tax time. What is Section 318 of the Internal...Read More
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Starting an Online Business in California
It’s an exciting time for online businesses. The internet makes online innovation and entrepreneurship an easy endeavor. But if you’re contemplating starting an online business in California, there are many legal considerations you should take into account. And it doesn’t end with simple contracts for business ventures. You’ll need to consider the legal ramifications of...Read More
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New California Law for Employees vs. Independent Contractors
The new employee versus independent contractor law is here and about to take effect. This bill is better known as Assembly Bill No. 5 (AB 5), and here’s an overview of what you should know about it if you do business in California. What is California’s AB 5? California’s AB 5 is legislation that was signed into law on September 18, 2019, by Governor Newsom. It takes effect on...Read More
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Dissolving a California LLC or Corporation
Ending a business is rarely an easy decision. But following the proper procedures to formally close it down should be a no-brainer. Formally dissolving your business entity will end its legal existence, but it also reduces the individual liability of a business’s members or shareholders. Failing to end a business formally can leave you open to creditors, lawsuits, and ongoing state...Read More
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CLRA Mistakes Can Be Costly–Here’s How to Avoid Making Them
Consumers have more options for making purchases than before, and that means the demand for a bargain is higher than it’s ever been. Consumers expect to find incredible deals, bonuses, and exclusive sales. All that consumer expectation places merchants are under intense pressure to make offers that might be hard for them to fulfill, particularly if they want to stay financially solvent....Read More
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