How to Protect Your Assets Using an LLC
Creating a limited liability company (LLC) is a great way to protect your assets. Whether you transfer your real property to an LLC or create an LLC to form a company to protect your personal assets from creditors, this article will explain the benefits of an LLC and how forming one can...
What Is an Escrow and How Does It Work?
An escrow account is a contractual arrangement where a third party holds money or property in trust until the contracting parties meet a set of conditions. The third party is referred to as an escrow agent. They are neutral to the parties and the agreement and are...
Fiduciary Duties: How to Ensure You Are Abiding by Them
Many professionals may owe fiduciary duties to beneficiaries, colleagues, or co-owners in a business. But what is a fiduciary, and who is a beneficiary? Who might owe a fiduciary duty? How do I abide by my fiduciary responsibilities if I have any? This article will cover the basics of fiduciary duties so...
Everything You Need to Know about B-Corps
Over the last decade, businesses have become increasingly aware of their impact on the world around them. The growth of the ESG (environment, social, governance) movement has encouraged companies to consider more than just profits. One of the tools of the trend has been B-Corp certification. This certification can demonstrate to consumers...
Protecting Yourself From Internal Business Risks in Formation Documents
So you're ready to start a business. Which entity type is right for your goals? Many types of business entities depend on how many partners hold equity, what kind of tax protections are important, and how long the business venture is intended to last. This article will discuss several entity types, the...
WHAT CALIFORNIA’S CANNABIS LAW ON INTERSTATE COMMERCE MEANS FOR YOUR CANNABIS BUSINESS
On September 18th, 2022, California passed S.B. 1326, which provided some major implications for the future of interstate cannabis agreements. Additionally, the California Department of Cannabis Control has pushed the Attorney General to allow the interstate transfer of cannabis and cannabis products. This article will explain the law and important future policy...
DEPARTMENT OF LABOR’S BROAD INDEPENDENT CONTRACTOR PROPOSAL – WHAT YOU NEED TO KNOW
On October 13, 2022, the U.S. Department of Labor published a Notice of Proposed Rulemaking (NPRM) in the Federal Register to revise their guidelines on the distinction between an employee and an independent contractor under the Fair Labor Standards Act (FLSA). The proposal would replace a rule promulgated in 2021,
NEW LABOR LAWS’ IMPACT ON INJUNCTIVE RELIEF AND NON-COMPETE PROVISIONS
Lately, labor laws on injunctive relief clauses and non-compete provisions have been under scrutiny by the Supreme Court of the United States and the Federal Trade Commission (FTC). The Supreme Court will hear cases on labor laws that may include contracts with injunctive relief provisions. Moreover, the FTC recently proposed a ban...
HOW YOUR BUSINESS CAN RECOVER BUSINESS DEBTS
Business debt recovery is the process of pursuing companies or individuals that owe you money. Companies and business owners occasionally deal with clients that do not pay their invoices. Sometimes, debtors may disregard a business's efforts to collect the debt.
Not receiving payments for services or...
CURRENT STATUS OF CLIMATE CHANGE LAWSUITS
Climate change is a term that most of us have heard by now in some form or another. Whether from the news, social media, or in casual conversation out in the real world, we may have heard it being used in a negative context, or perhaps even in a contentious or controversial...