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How a restraining order protects you
Although many people have heard of a restraining order being used against a stalker or a “crazy ex”, you may not know how a restraining order protects you. A “restraining order” or “protective order” is an order from the court issued to protect a person or group of...
5 Things to Know About Non-Compete and Non-Solicitation Agreements in California
Do you want to protect your business from competition from previous employees or business partners? You may be tempted to include a non-compete and non-solicitation clause in your agreements or have a separate agreement providing the same protection. Here are the 5...
Non-Compete and Non-Solicitation Agreements – What is Legal in California?
In California, it is well-settled policy that once you leave a job, you are free to pursue any and all other (legal) employment options. For example, if you worked as a manager of a phone repair shop, you are permitted to quit that job and open your own phone repair...
What Your Business Needs to Know About Personal Guarantees
A personal guarantee is the promise of an individual to become responsible for repaying a loan or for curing a default, of a business. Typically, a personal guarantee is given by an executive or the owner of the company. This guarantee will allow the personal assets...
1031 Exchanges – Tax Benefits for L.A. Area Property Investors
Everyone wants to (or wishes they could) own property in Los Angeles. Prices seem to never go down, old neighborhoods are rich in equity, new neighborhoods are teeming with tech money and young professionals. It is an ideal environment for investors to net big...
Small Business Success: Mitigating Legal Issues with Shenon Law
There are many legal issues in owning and operating a small business. Regardless of the nature of the business, the number of employees, or the length of time in business, there are common concerns in which an owner will need the guidance of a trusted attorney...
In California, Commercial Lenders May Face Liability for Negligence Towards Borrowers
Commercial borrowers have been known to experience the pains of “buyer’s remorse” when faced with the realities of paying back a loan. They may feel in over their head with monthly payments, they may bristle at an interest rate which feels oppressive, they may even...
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4 steps to start a limited liability company
There are 4 steps to start a Limited Liability Company (LLC). Although it may seem simple enough, these steps establish the foundation for the LLC and govern the way that the LLC will be managed. An LLC is an entity which offers protection from...
How early should I involve an attorney in my real estate transaction?
In this real estate market, it may be tempting to save all the costs possible, but buyers, sellers, lessors, or renters should ask “How early should I involve an attorney in my real estate transaction?” before signing on the dotted line. Whether buying...
Should I start a corporation or limited liability company?
When starting a business, it is important for entrepreneurs to consider the best type of entity for their needs and ask “SHOULD I START A CORPORATION OR LIMITED LIABILITY COMPANY?” The answer may be neither. Although anyone can start a business...
Why your company needs a shareholder’s agreement or operating agreement
Any company, whether a corporation or limited liability company, needs a Shareholders Agreement or an Operating Agreement setting out how the company will be managed, decision making powers, profit allocation and other important elements which can...