Corporate bylaws are internal rules and guidelines that dictate how to run a corporation. In California, these bylaws outline the duties and responsibilities of the corporation’s directors, officers, and shareholders. They also outline the procedures for holding...
A 1099 form provides an end-of-the-year record of income paid to an independent contractor by the companies or individuals who used their services. Sole proprietors, self-employed business owners and sole LLC owners also file 1099 forms to report the income they earn...
It might seem like a dispute is the end of a partnership, but it doesn't always have to be so. Here are some key ways that real business partnership issues have been resolved in California. What leads to a partnership dispute? Human beings are complex animals, and the...
Both public and private companies conduct mergers and acquisitions. The status of a company influences whether a breakup fee will be part of the terms during negotiation of the deal. A breakup fee is paid when a seller chooses to halt a merger. The penalty usually...
Did you sign a non-compete agreement when you left your former employer in California? Even if you did, your former employer could not enforce it under state law, even if company officials repeatedly say they can. Do you have a non-compete agreement in your employment...
Many business entities in California are formed with the expectation of generating a profit, but things do not necessarily go as planned. For various reasons, business tax returns are not always filed on time, the annual franchise tax is not always paid, and/or the business entity is not always formally dissolved with the Secretary of State. This may seem like…
Running your own business in California takes a lot of work but can be highly rewarding. Learning that the IRS plans to perform an audit of your company is intimidating, but it’s important to know how to prepare. Why do businesses get audited? The Internal Revenue...