Category Archives: Business Law
What Happens to Business Entities When Owners or Partners Pass Away?
When you build a business, you don’t just build it for you. You also build it for your family, or your legacy. You hope that after you are gone, that your business will continue to support your family, and perhaps, carry on your name. But will it? What happens to your business when you… Read More »
The Economic Loss Rule: What Is It, and Why Should You Care?
Let’s say that you have a contract and you feel that the contract has been breached. Certainly you could sue for breach of contract. But could you also sue for, say, negligence? For example, alleging that the other party was negligent in performance of the contract, thus causing a breach? That would be good—negligence,… Read More »
Don’t Lose Your Trade Secrets When You Have Government Contracts
There are a lot of great things about doing business with the government or being awarded government contracts. Government contracts can pay a lot of money, and they can be for large projects. Barring any kind of dispute, you know the government is paying—they won’t be going out of business, or telling you they… Read More »
Don’t Forget Those Music Licenses if You’re Playing Music in Your Business
If you have a business, you may want to inject a little life into the atmosphere, especially if you have customers coming in. One way to do that is to play music. You have Apple Music or Spotify—or even a radio—so why not just pump some music through those speakers to create a mood,… Read More »
The Intracorporate Conspiracy Doctrine Can Protect Some Employees From Liability
When companies do wrong—say, defraud customers, or try to evade tax or immigration laws, or they steal or lie to shareholders—we know that there may not only be civil, monetary penalties, but even criminal penalties as well, in more serious situations. But for a company to commit wrongdoing, there has to be more than… Read More »
Getting Attorneys Fees: Putting it in the Contract may Not be Enough
You may already know how important an attorney fee provision on your contracts can be. Attorneys fees for a prevailing party, can discourage frivolous lawsuits, and give clients more freedom to pursue their case, knowing that the money they are paying to their attorney, will eventually be paid back, when the case is over,… Read More »
The Basics of Corporate Minutes
You’ve probably been in a meeting, and heard someone ask who will take minutes. And if you know what minutes are, they probably just sound like a formality, a task and extra work that you can just as easily do without. But in actuality, corporate minutes are an important part of your business, and… Read More »
What Information Can Shareholders Get and Access From a Company?
For many businesses, shareholders don’t take an active role in the company. Maybe they participate in a few shareholders meetings, but many are just passive investors, especially in larger companies. But then one day, one of your shareholders comes and asks for corporate information—things like books or records or financial information. The Dilemma On… Read More »
Government Liens May Survive Nonjudicial Foreclosures
Many people in the construction industry make money by buying and fixing up foreclosed homes. Sometimes called refurbishing, or flipping, the business can be pretty lucrative if you are in the construction industry, and know what you are doing, and of course, if you buy and flip the right property. But a new case… Read More »
Here’s What Happens When Your Insurance Company Files for Bankruptcy
We all know that companies go out of business all the time. But insurance companies? Those are pretty safe bets. They have plenty of capital-and some have reinsurance, which is basically insurance for insurance. So insurance companies would never go out of business. But they do. And if it’s your insurance company that goes… Read More »
