Category: Business & Corporate
Alter Ego Liability Explained With Examples
Alter Ego Liability Explained With Examples. As a general rule, a corporation is a separate legal entity that is distinct from its shareholders. In fact, one major benefit to incorporating a business is that the owners, or shareholders, are not personally responsible for corporate debts and obligations. However, under certain circumstances, the “corporate veil” can […]
READ MOREStarting a Business? To Increase Profits, Hire General Counsel Immediately
Starting a Business? To Increase Profits, Hire General Counsel Immediately There are a million things to think about when starting a business. From structuring your business to defining your audience, paying staff, creating employee handbooks, remaining compliant, through lead generation and sales, starting a business is certainly a big undertaking. So it’s vital that you […]
READ MORETop Business Lawyers Orange County
Whether you’re a startup, small business owner, or employ thousands in Orange County, chances are at some point you’re going to need the counsel of top business lawyers in Orange County. Some of the world’s largest companies call Orange County, CA home, while thousands of additional businesses are also headquartered in our neck of the […]
READ MOREHow To Win A Business Litigation Case – Expert Trial Attorney Greg Brown on ‘You Can Win In Court’ Podcast
Expert Trial Attorney Greg Brown on How to Win A Business Litigation Case With ‘You Can Win in Court’ Podcast Host, Dr. Petra Deeter. Getting Legal Help Brown & Charbonneau, LLP represents individuals as well as large and small companies in cases involving all forms of business disputes. If you are involved in a business […]
READ MORECorporate Directors’ Fiduciary Duty to Monitor – Failure to Comply Could Result in Personal Liability
THE DUTY TO MONITOR Corporate directors should be aware of recent developments in Delaware corporations’ law. Directors of businesses that operate in California, but which are incorporated in Delaware, may have a fiduciary duty to monitor the corporation for any violations of law. Failure to do so could result in personal liability. What are Fiduciary […]
READ MOREForce Majeure and COVID-19
Force Majeure and COVID-19 The COVID-19 pandemic is bringing new relevance to an old contractual principal, “Force Majeure.” This clause discharges certain contractual obligations upon the occurrence of a force majeure event. What obligations are discharged and under what circumstances depend on the language of the specific force majeure clause. These clauses are often included […]
READ MOREWhen Can a Corporation Dissolve in California?
Dissolving a Corporation The process by which a corporation ceases to exist is called dissolution. Dissolution can occur at any time by a vote of fifty percent of the corporation’s shareholders. There are a number of reasons why a corporation’s shareholders might want to dissolve the corporation. However, California law places certain restrictions on dissolution […]
READ MOREDemand for Shareholder Buyouts Under California Corporations Code Section 2000
Oftentimes, owners of corporations and businesses find themselves unable to work together anymore. What happens when they are 50/50 owners? How does the corporation move forward? How can business decisions be made? In many cases, they cannot. Usually, there are many available options. But, what happens when one of the owners (or a group representing […]
READ MOREHow to Keep Your Business Safe from Cyber Crime and Fraud
So, we like everyone are preparing to re-open our business soon. I never looked forward to going to the office like this before. While doing some research for a client, I had to review many articles on protecting your business from cyber crime, fraud and other malicious acts by the unscrupulous. So, I thought I […]
READ MOREWhat are the Fiduciary Duties of Managers in Limited Liability Companies?
A manager of a limited liability company (“LLC”) owes certain duties to both to the LLC, and its members. These duties are known as fiduciary duties, and include a duty of loyalty and a duty of care. A manager’s breach of their fiduciary duties will generally entitle the LLC or its members to monetary or […]
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