Category Archives: Uncategorized

Board of Directors May Mortgage or Sell All of the Corporation’s Assets

But what you may not know is that the corporation’s board of directors has broad powers to mortgage or sell the corporation’s assets. Continue reading

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Selling a Stake in Your Business to Investors May Require a Securities Registration

More red tape on your way to starting or growing your business. Fortunately, there is a way to cut through some of that red tape – legally. Continue reading

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A Corporation’s Directors Could be Liable for Monetary Damages

So you are asked to become a corporate director or you are director of your own corporation. What could go wrong, right? Continue reading

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Shareholders Can’t Take Profit Distributions At Will

You are being judicious, prudent, and disciplined and are plowing your corporation’s earnings back into your corporation. Continue reading

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Adding a Member, Shareholder or Partner to Your Business

A new member, shareholder or partner for your business might make sense. Maybe the new person adds great connections, special know-how, or deeper pockets to help capitalize the business for growth. But what exactly does it mean for you to … Continue reading

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Restraints on Former Employees’ Competing Against Employer

An employer recruits and trains its employees at great expense and often gives those employees access to its best practices, technologies and customer list as part of their job duties.  It is always a concern for the employer when any … Continue reading

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Is it a Good Idea to Take Back a Note on Sale of Your Business?

When selling a business, a seller may decide to extend credit to the buyer by “taking back a note.”  Sometimes this is done in combination with bank financing, but not always.  In this discussion we will look at what taking … Continue reading

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Consumer Medical Information Device Makers as Health Care Providers

If your company manufactures or otherwise distributes an app, software, hardware or other medical device that stores the user’s medical or health data, a recent change in California law is important to you. The California Confidentiality of Medical Information Act … Continue reading

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New Rules on Withdrawing from a Limited Liability Company

California’s limited liability company (LLC) law was updated when the California Revised Uniform Limited Liability Company Act (RULLCA) went into effect on January 1, 2014.  The California RULLCA is found in California Corporations Code, sections 17701.01 et seq.  One of … Continue reading

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Should You License or Sell Rights in Intellectual Property

When a business or individual owns an intellectual property right (e.g. copyright, trademark, trade secret) the desire to monetize such rights arises.  This will require the intellectual property right owner to decide whether the rights should be sold or licensed. … Continue reading

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