Entries by Nakase

What Are Some Examples Of Hostile Environments?

Hostile work environments can include harassment, discrimination, bullying, retaliation, threats, or unwanted sexual conduct at work. Review common examples and ways employees may respond when workplace behavior becomes abusive.

How to File a DBA in Los Angeles

File a DBA in Los Angeles County by choosing an available name, filing the FBN statement, and completing newspaper publication. Review fees, renewal terms, tax details, and filing steps for using a fictitious business name in Los Angeles.

Elements of a Breach of Contract in California

California breach of contract claims require proof of a valid agreement, performance, breach, and measurable damages. This article covers breach types, legal defenses, and the damages available in California contract disputes.

What is The Fraud Triangle Theory?

Fraud triangle theory shows how pressure, opportunity, and rationalization can lead to fraud in the workplace. This article covers ways businesses can reduce fraud risk with internal controls, ethical culture, realistic goals, and staff support.

Businesses That Have the Highest Success Rate for Profits

See which business ideas offer strong profit potential, lower startup costs, and room for growth in today’s market. This article covers service, mobile, and online ventures that can earn more with practical planning and steady demand.

All Types of 1099 Forms Explained

A practical guide to 1099 forms, covering common and lesser-known types, filing deadlines, and what each form reports. See how 1099 reporting works, when forms should arrive, and what to do if a form is missing.

How to Obtain a Business License in California

Get the steps to secure a California business license, from local filing rules to state permit requirements. See costs, renewal rules, approval timing, and when LLCs, online sellers, and regulated trades may need licenses.

What is Unpaid Time off in California?

Unpaid time off in California is mostly optional, but FMLA and CFRA protect eligible leave for family or health needs. See when employers may deny requests, what counts as illegal refusal, and potential remedies for workers and businesses.

What Does EBITDA Mean?

EBITDA measures operating profitability by excluding interest, taxes, depreciation, and amortization to highlight core business performance. Review formulas, examples, comparisons with EBIT and EBT, along with criticisms and practical business context.

Labor Code 1194 California: Overtime and Minimum Wage Rights, and Remedies

California Labor Code 1194 protects workers seeking unpaid minimum wage and overtime, providing legal remedies, interest, and reasonable attorney’s fees. Employees can file lawsuits or arbitration claims to recover wages, enforce rights, and safeguard against unlawful employer practices in California.

Reasonable Accommodation in California: Learn EEOC, FMLA, and ADA Requirements

In California employment law, reasonable accommodation bridges the gap between workplace inclusivity and employees’ unique needs, playing a crucial role. Employers in California may face ADA non-compliance issues or potential lawsuits for failing to provide reasonable accommodation. California employment law emphasizes reasonable accommodation, ensuring inclusivity by addressing employees’ unique needs.

Employee Time Card Laws California

Under California law, employers must record and maintain accurate time records. If an employer wants to make changes or corrections to an employee’s time card, it must be initialed by the employee.

How many hours is considered part-time work?

A part-time job is working hours that are less than per week compared to a full-time job. Generally, a full-time job is forty hours per week. A part-time job is working less than forty hours per week.

ADA, EEOC, and FMLA Reasonable Accommodation for Employee Disability

Employee’s request for a reasonable accommodation falls under the ADA, FEHA, and FMLA. Employers must grant leave as a form of reasonable accommodation unless doing so would cause them undue hardship. Accommodations may include specialized equipment, modifications to the work environment or adjustments to work schedules or responsibilities.

Attorney Request for Employment Records: Understanding and Responding Effectively

An attorney’s request for employment records requires a clear understanding of legal obligations and a well-structured response to ensure compliance. Effectively responding to an attorney’s request for employment records demonstrates a company’s commitment to transparency and thorough understanding of legal processes.

Dusty Knapp, Attorney

Inspirational quote:

“Discourage litigation. Persuade your neighbors to compromise whenever you can. As a peacemaker the lawyer has superior opportunity of being a good man. There will still be business enough.”

– Abraham Lincoln

Sam Hashemi, Attorney

“The greatest glory in living lies not in never failing, but in rising every time we fall.”

–Nelson Mandela

Amy Sanghara, Attorney

Doug’s inspirational quote:

“Fight for the things that you care about, but do it in a way that will lead others to join you.”

– Ruth Bader Ginsburg

How to Calculate FTE

To calculate full-time equivalent (FTE), divide an employee’s scheduled hours by the employer’s hours for a full-time workweek.

Types of Businesses That Often Fails

Many entrepreneurs, about two-thirds, never start their businesses due to fear of failure. This article will highlight businesses with both high and low failure rates, guiding you toward a more promising venture.

What are Weingarten Rights?

Weingarten rights guarantee an employee the right to Union representation during an investigatory interview by their employer.

What Is Job Rotation: Advantages And Disadvantages

Job rotation is the practice of moving employees between roles or positions in a company. Job rotation temporarily assigns employees to other roles to teach them new skills, learn about other functions within the team, and develop relationships across the business.

What Does Net Profit Mean In Business?

Net profit is the amount of money your business earns after deducting the total expense such as operating costs, interest, and tax expenses from the company’s total total revenue. In simple terms, net profit is total money earned subtracted by total business expenses.

What is the meaning of Pay Rate?

Pay rate is the total money a worker receives during regular working hours, excluding overtime. In order words, pay rate, also called salary rate or compensation rate, is the wage amount paid to an employee per hour, per day, or per task completed.

What Does Prime Interest Rate Mean?

The prime rate is the current interest rate that commercial banks charge their customers with high credit score for loans.Generally, the prime rate is about 3 percent higher than the federal funds rate.

Understanding Incentive Pay: Definition, Types, and Benefits Explained

Learn how different forms of incentive pay, from bonuses to commission, can drive business success and enhance workforce engagement. Discover the key benefits and best practices of implementing incentive pay strategies in your organization, essential for attracting and retaining top talent.

What Is Cost of Living Raise And How To Calculate It

A cost of living raise is increases in hourly rates or salaries designed to adjust employees’ earnings in line with inflation such as increased cost of services and goods. To calculate cost of living raise, employers can apply the percentage change in the CPI to the employee’s salary; for instance, if the CPI increases by 2%, an employee’s salary would also increase by 2% to match the rise in living costs.

How To Pay Employees

Master the essentials of payroll with our comprehensive guide on how to pay employees, covering everything from setting up payment systems to understanding legal requirements and tax implications.”
“Streamline your payroll process and ensure compliance with our expert tips on how to pay employees effectively, including best practices for calculating wages, handling deductions, and staying up-to-date with employment laws.

What Happens When You Get Audited EDD

Gain clarity on the EDD audit process with our comprehensive guide, detailing what happens when you get audited by the Employment Development Department, including steps to prepare and respond effectively.”
“Navigate the complexities of an EDD audit smoothly with our expert insights, exploring the implications, documentation requirements, and key strategies to manage the auditing process efficiently and confidently.

Angel Investors vs Venture Capitalists

Learn the key differences between Angel Investors and Venture Capitalists in our in-depth comparison, highlighting their unique roles, investment strategies, and impact on startup growth and success. Navigate the startup funding landscape with our expert insights into Angel Investors vs Venture Capitalists, understanding their distinct approaches to funding, expectations, and how they can shape the future of your business.

How To Start A Small Clothing Business From Home

Discover essential steps to launch your own small clothing business from home. Get insights on starting a small clothing business, online marketing strategies, and managing sales efficiently in our comprehensive guide.

What is FMLA Intermittent Leave of Absence?

An employee uses their 12 weeks of unpaid leave intermittently under FMLA Intermittent leave, taking it off and on, unlike continuous family medical leave or a reduced work schedule. FMLA leave can be taken intermittently by employees – in separate blocks of time for a single qualifying reason – or on a reduced leave schedule, which involves reducing the employee’s usual weekly or daily work schedule, when it is medically necessary.

What Does Venture Capitalist Mean?

A private equity investor, known as a venture capitalist (VC), provides money to companies exhibiting high growth potential in exchange for an equity stake. A form of private equity, a venture capital fund, is raised from private and institutional investors, including investment banks, insurance companies, and pension funds.

What Does Staffing Agency Mean?

A staffing agency recruits employees for businesses that are seeking to fill certain positions. A staffing agency is a company that provides employees to work in another company on a temporary or permanent basis. 

What Does Current Ratio Mean?

The current ratio, also known as the working capital ratio, measures a company’s ability to cover its short-term obligations that are due within a year. The current ratio describes the relationship between a company’s assets and liabilities.

Which Accounts Are Found On An Income Statement?

Some of the accounts that can be found in the income statement include revenue, expenses such as compensation and marketing, cost of goods sold, and taxes. These reports also include such items as remuneration of the personnel, insurance charges and utilities, which helps to have an overview of the company’s financial health.

Paid Time Off: 10 Examples

Examples of paid time off include vacation leave, sick leave, personal days, holidays, and bereavement leave. Paid time off, commonly referred to as PTO or personal time off, is a benefit wherein employees receive compensation for time not spent working, granted by employers for use at the employees’ discretion.

Small Business Math Formulas: Simple Steps

Learn essential small business math formulas vital for success in your business. Explore how math formulas assist in data analysis, profit calculation, and enhancement of your business operations.

What Is a Lease?

A lease is a contract for a given length of time where one party agrees to rent an asset, in this case, property, owned by another party, stating the terms under which the landlord will lease the property to a tenant.

What Is Vertical Integration?

Vertical integration according to traditional economic definition is considered to be the merging together of two or more stages of production or distribution or both, which will usually be operated in separate ownership.

What Is a Recession?

A recession is declared by experts when a country’s economy undergoes negative gross domestic product (GDP), increase levels of unemployment, decrease in retail sales and a drop in income and manufacturing measures over a long time.

What Is AICPA?

The AICPA, short for the American Institute of Certified Public Accountants, operates as a non-profit professional entity in the U.S., representing certified public accountants (CPAs).

General Damages and Special Damages in Personal Injury Lawsuit

There are two separate types of compensatory damages: The non-economic damages are known as ‘general damages’ and they fall under the title of ‘pain and suffering’ general damages. Special Damages are nothing but economic damages; the medical expenditures, the earnings lost, every penny spent to a person because of the injury.

What is EEO-1 Reporting? Reporting Requirements, Deadlines, and Penalties

The EEO-1 Component 1 report is an annual mandatory data collection. It calls for all private sector employers of 100 or more employees and federal contractors of 50 or more eligible employees with specified criteria to submit workforce demographic data, inclusive of data by job category, sex and race or ethnicity, to the EEOC.

What Are Cash Receipts?

A cash receipt is a written document that provides evidence of a cash sales. In accounting, a cash receipt is an accounting entry that documents the collection of cash from a customer.

What Is Business Assumed Name?

An assumed business – also known as a DBA or doing business as – is used by a person or entity that is doing business under a fictitious name.

What is a promissory note?

A promissory note is a contract that contains a written promise by a borrower to formally agree to repay money to the lender.

Effects of Fraud and Corruption On A Business

Fraud and corruption in a business can lead to a loss of confidence and trust among investors and shareholders because corruption, fraud, and bribery have the potential to topple businesses.

Business Reputation Management: What is it and How to Do it?

Managing a business reputation requires keeping an eye on how others perceive it by managing online information and public relations. This usually involves tactics such, as addressing customer feedback utilizing social media for marketing purposes monitoring online reviews and taking necessary steps to mitigate any potential damage in order to uphold a favorable image in the eyes of the public.

Tax Benefits of LLC in California

In California, an LLC (Limited Liability Company) offers tax benefits such as pass-through taxation. This means that the company’s profits are only taxed once at the individual members’ personal income tax rates, avoiding the double taxation typically seen in corporations.

8 Types of Work Shifts

Work shifts can be categorized into various types, including Day Shifts, typically covering standard daytime hours; Night (or Graveyard) Shifts, operating during late-night to early morning; Swing (or Afternoon) Shifts, spanning late afternoon to late evening;

Laws On Being On-Call for Work

On-call or standby time at the work site is considered hours worked for which the employee must be compensated even if the employee does nothing but wait for something to happen.

What happens if employers get caught working under the table?

If an employer is caught paying employees “under the table” – that is, in cash without providing paystubs or deducting taxes – there can be serious legal and financial consequences such as back taxes, penalties for not reporting wages, criminal charges, labor law violations, and employee lawsuits.

How To Find A Business Partner Who Will Boost Your Profits

The best way to find a business partner to boost profits is through networking events, industry associations, or professional connections. A business partner that will boost business profits is someone with complementary skills and expertise, aligning with your business goals and values.

Subpoena to Appear At Hearing or Trial vs Notice to Appear At Trial

A notice to appear at trial is a formal document served on a party involved in a legal case, requiring them to be present at the trial. In contrast, a subpoena is typically issued to a third party who is not directly involved in the litigation, compelling them to attend the trial.

How To Calculate Net Pay

Net pay is calculated by subtracting all deductions, such as taxes, Social Security, Medicare, and any other voluntary or mandatory withholdings (like retirement contributions or health insurance premiums), from the employee’s gross pay.

What is short term disability?

Short-Term Disability is private insurance that replaces a percentage of your income if an illness or injury prevents you from working.

What is cash flow projection and how to calculate it?

Cash flow is the net cash and cash equivalents transferred in and out of a company. To calculate cash flow, subtract a company’s total expenses from its total revenue within a specific period, considering both operating and non-operating activities.

Clear vs TSA precheck: What is the difference?

The choice comes down to this benefit: For TSA PreCheck ($78), you do not need to remove shoes, laptops, 3-1-1 liquids, belts, or light jackets during the screening process. For Clear ($189), you bypass the line, but need to remove items and passing through a body scanner.

What Is Time and A Half?

Time and a half mean an increased rate of pay for overtime hours, over 8 hours per day or those that exceed the 40-hour work week.

How To Calculate Time And A Half

To calculate an employee’s overtime rate of pay, multiply the time-and-a-half rate by the number of overtime hours the employee worked to find the overtime wages due.

What are G&A expenses and meaning?

General and administrative expenses are accounting terms that include building rent, building expenses, wages, salaries, equipment and machines depreciation, etc.

How To Tell If $100 Bill Is Fake

Hold the $100 bill up towards a light source and look at the left side of the bill for an embedded thread that runs top down. Also, on the right side is a watermark of Benjamin Franklin. If any of the markings are missing, the bill is fake.

Sample Professional Letter of Recommendation Template

A professional letter of recommendation is a formal document written by an employer on behalf of an employee that discusses a job applicant’s suitability for a particular role in a field related to an employment opportunity.

California PTO Laws

California does not require employers to provide their employees with paid time off (PTO). However, if an employer offers PTO, under California law, earned paid time off is considered wages.

What is a company’s handbook?

A company handbook is a manual that gives employees guidance on the company’s policies, expectations, procedures, working conditions and behavioral expectations.

How to Write An Effective Mission Statement

Learn how to write an effective mission statement for a business. A good mission statement tells your customers why the company exists with your vision, mission, and values.

Why A Business Plan Is Important

A business plan is essential because it helps entrepreneurs start a business and set business goals and guidelines for managing it. The purpose of a business plan is to guide entrepreneurs in starting a business and help them detail the company’s goals and how to achieve them.

Difference Between Internal Check and Internal Audit

The internal check involves checking accounting and clerical accuracy to prevent errors and fraud. An internal audit goes beyond internal checking by investigating transactions to detect fraud and irregularity in the business and accounting.

How To Start An Online Business

Do you have a business idea and want to learn how to start an online business? This article outlines a step-by-step DIY to start a business on the Internet.

Tax Benefits of LLC

An LLC is a pass-through taxation entity, meaning tax advantages include no double taxation. Unlike a C Corporation, an LLC does not have corporate-level taxes. The profit and loss of the LLC flow through to the owners for tax purposes. The owners report the profit and loss on their personal income tax filings.

Are Bylaws Legally Binding?

Corporate bylaws are legally binding rules and regulations that govern the company, and corporate directors, officers, and shareholders must adhere to them.

What Are Corporate Bylaws?

Bylaws are internal documents belonging to a corporation that set forth the rules and regulations for how the business is run, governed, and operated.

What Do You Need to Get A Business Loan?

Many banks will need you to have at least six months to two years of business financial documents, such as profit and loss and balance sheet, to qualify for a business loan.

How to get rid of a business partner?

If you want to kick out a business partner, the rules and procedures may be found in the company’s bylaws, operating agreements, or partnership agreements.

Why Is Graphic Design Important for Marketing?

Graphic design help businesses by establishing a brand by visually communicating the company’s identity, values, and unique offerings, creating a memorable and recognizable presence. A well-crafted visual brand through graphic design enhances company’s appeal, attracting customers, fostering loyalty, and ultimately leading to increased sales and profitability.

Contract Lawyer

Our business contract lawyers offer businesses free consultations for businesses throughout California, including Los Angeles, Orange County, and San Diego.

How to Get a DBA in California

Entrepreneurs must file a fictitious business name (FBN) statement with the Registrar-Recorder/County Clerk’s office in the county where they will do business.

7 Types of Business Loans

There are 7 types of business loans available for small business owners, depending on the purpose of the loan.

Types of Corporations

There are four general types of corporations: C Corporation, S Corporation. B Corporation, Close Corporation, and non-profit corporation.

FICA Tax Rate 2022

The FICA tax rate for 2022 is 7.65% which is the combined Social Security rate of 6.2% and the Medicare rate of 1.45%.

First time home buying process.

Buying a home for the first time involves finding a real estate agent, finding the property, securing financing, making an offer to buy, getting a home inspection, and closing on the purchase.

Employee Management

Employee management is the process of aid employees to do their best work daily to achieve the company’s goal. Employee management helps improve employee satisfaction and productivity to help a company achieve its overall goals.

How do you respond to a PAGA Notice?

PAGA requires that new claim notices, responses, and specific court documents be filed with the Labor and Workforce Development Agency (LWDA). To minimize the settlement amount you pay, there are six things you must do after receiving a PAGA notice letter.

California EIN Number

California EIN number is a nine-digit ID unique to your company that functions like a Federal EIN or Employer Identification Number, identifying your company to the State of California.

Lawyers for Companies

Our lawyers provide companies with strategic advice and critical information for starting a business and avoiding litigation, mediation, or civil litigation.

Can Two Businesses Have the Same Name?

If another company registered its business name as a trademark, using the same business name is illegal. If another company registered its business name as an entity, you may not use the same business name.

Why Do Companies Incorporate in Delaware?

Delaware corporate laws offer companies legal and liability protection that is more protective to businesses than in other states. Companies incorporate in Delaware because of its corporate-friendly environment, which offers numerous benefits regarding legal protection for companies and tax liability.

Fair Labor Standards Act (FLSA) Exempt vs. Non-Exempt [2023]

The Fair Labor Standards Act (FLSA) is the law on determining the exempt or nonexempt status of jobs and overtime requirements. Exempt employees are not entitled to overtime pay. Nonexempt employees are entitled to overtime pay. This article will educate you on how to  determine or classify except and non-exempt employees.

Advantages of Competition in Business

The advantages of competition in business leads to innovation, high quality of goods and services, greater variety, and lower prices. A competitive market is a market structure where competition between various companies is at its highest.

Breach of Employment Contract

An employment contract breach can occur because the employer or employee breached a written contract, implied contract, or verbal contract. The employment contract sets out legally enforceable terms and conditions that govern the working relationship between the employer and employee.

CACI Prejudgment Interest

Under Civil Code section 3288, the trier of fact may award prejudgment interest in an action for the breach of an obligation.

Mediation vs Arbitration

Mediation is a process wherein the parties meet with a mutually selected impartial and neutral person who assists them in the negotiating, and settling their dispute. Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute.

Burden of Proof

The burden of proof determines which party is responsible for putting forth evidence and in order to win a case in court. Generally, the burden of proof is that one party has the burden to show that they are correct. With exceptions, a plaintiff has the burden of proof at trial. 

What is compensatory damages?

In a civil lawsuit, compensatory damages are money awarded to a plaintiff that compensates for damages, money lost, injury, and future monetary losses. The courts in California break compensatory damages down into two types: special and general.

Breach of Contract Demand Letter

A demand letter for breach of contract is gives the breaching party notice of their failure to perform the terms of the contract. This article provides demand letter example for breach of contract.

FLSA Overtime Calculation

Under the FLSA, calculate overtime by multiplying the employee’s “straight time rate of pay” by all overtime hours worked; then add one-half of the employee’s “hourly regular rate of pay” and multiply all overtime hours worked.

WARN Act Notice by Email

Yes, so long as the WARN notice sent by electronic mail email is specific to the individual employee, and comply with all requirements of the WARN Act requirements regarding written notifications.

Warn Act Requirements

The WARN Act requires employers to give a 60-day notice to the affected employees and both state and local representatives before a plant closing or mass layoff.  An employer who violates WARN ACT is liable to each employee’s wage or salary and benefits up to sixty days.

How to put in your two weeks.

We’ll cover what you need to know about how to give your two weeks’ notice in the most professional way. The first step on how to put in your two weeks notice is to read the company’s employee’s handbook. 

What is Martial Law in the United States?

Marshal in the U.S. is an emergency power that allows the military to push aside civilian authorities and exercise jurisdiction over the people. In the United States, martial law refers to an emergency power in which a region, state, city, or the whole United States is placed under the control of the military.

Two weeks notice letter

A two weeks notice letter is an employee’s resignation letter informing the employer of their intent to resign two weeks from the date of the letter. A two-week notice letter tells an employer that you will leave their company in 14 days.

Partnership Dispute Lawyer

Nakase Wade partnership dispute attorneys have extensive experience handling various business partnership disputes. Contact our lawyer for a free legal consultation for business owners in the following counties: Los Angeles, San Diego, Orange County, and San Francisco.

California independent contractor vs employee.

California law AB 5 requires the application of the “ABC test” to determine if workers in California are employees or independent contractors. The basic test for determining whether a worker is an independent contractor or an employee is whether the principal has the right to control the manner and means by which the work is performed.

Age discrimination in California

Employers in California are prohibited from discriminating against employees 40 years old or older based on age with respect to any term, condition, or privilege of employment,

What are the defenses to age discrimination?

A lawyer who defends an employer against an age discrimination lawsuit will assert affirmative defenses, including that the employee was not qualified for occupation, business necessity, or seniority system.

Apparent Authority (meaning and examples)

Apparent authority is the power of an agent to act on behalf of a principal, even though not expressly or impliedly granted. Apparent authority arises when a reasonable third party understands that an agent has authority to act.

San Bernardino Business Lawyer

Nakase Wade experienced San Bernardino business law attorneys provide a wide range of business and commercial law services to California businesses from business formation to dissolution, employment law, and business litigation.

Is it illegal to have sex in a car?

No law prohibits people from having sex in a car. But people having sex in a car in a public area that has people around can be criminally charged with indecent exposure or lewd act in public. If people are having sex in a car in public, but no one is around, such as in the desert or forest, it is not a crime.

When are attorneys’ fees recoverable in California?

California attorneys fees statute Rules of Court 3.1702(a) states that attorney’s fees are recoverable to the prevailing party, and a statute or contract permits the prevailing party to recover attorneys’ fees.

California Prejudgment Interest

California prejudgment interest statute is set forth in Civil Code 3288 and 3287 which permit a legal rate of 7% to 10% per year unless stated otherwise by contract.

What Does a Trustee Do?

A trustee acts as a legal owner of the assets held within a trust and assumes fiduciary responsibility by managing the trust’s assets for the trust’s purpose.

What is corporate Governance?

Corporate governance is the system of rules, practices, structure, and processes used to direct, manage, and govern a company and its people. Nakase Wade’s corporate governance lawyer assist businesses with communication with shareholders, corporate consultation, and guide corporate directors and officers in decision making processes.

Examples of Unfair Labor Practices by Management

What is an unfair labor practice by management? Examples of unfair labor practices management include: denying benefits and promotion, retaliatory discharge, launching strike unrelated to working condition, etc.

Partnership vs Joint Venture

Joint ventures are distinguishable from partnerships because joint ventures generally involve two or more companies combining their resources for a limited business scope and aim. A partnership comprises of two or more persons working together in business.

S Corp vs C Corp vs LLC

One of the most significant differences between S Corp vs. C Corp is that the profit from the company is taxed at the corporate level, and the dividends to the shareholders are also taxed. For S Corp and LLC, the profits are not taxed at the corporate level, but the dividends to the shareholders are taxed.

Servant Leadership: How to be a Good Manager

We can all agree that running a business is challenging. We can also agree that employees retention is a major factor in operating a successful business. Therefore, learning how to be a good manager is part of employees retention.

What to do after a car accident that was not your fault?

Step 1: If no one is injured at the accident scene, pull over to the shoulder. If there is an injury, call 911. Step 2: At the location of the accident, exchange insurance and driver’s license information. Step 3: Within a reasonable time – 5 days – report to your insurance company.

7 Common Mistakes When Buying a Business

Mistakes When Buying a Business: 1. Committing to buy a business because of sunk costs. 2. Agreeing to terms to keep the seller happy. 3. Not having an incentive plans to retain talent…

Sarbane Oxley Act Primer

Under the Sarbanes-Oxley Act – a federal law – all publicly traded companies are mandated to complete financial disclosure and prevent accounting fraud.

What is YOY – Year Over Year?

YOY is a financial comparison used for comparing a year’s results against the previous. Using YOY is common when analyzing the performance of investments and companies. YOY comparison may be used to compare annual, quarterly, or monthly results.

What Is a Joint Venture?

A joint venture is a business agreement between two or multiple parties to pool their resources in order to accomplish a task. The task may be a business activity or a new project. The resources might be time, money, staff, or intellectual property.

What is corporate compliance?

One of the most common mistakes entrepreneurs make is neglecting to include corporate compliance in the planning stages of a start-up.

Business Law Articles

Learn and discover the latest useful business law articles for practical information, DIY, and ideas from a network of leading business and corporate lawyers.

Corporate Law Articles

Learn and discover the latest useful corporate law articles for practical information, DIY, and ideas from a network of leading business and corporate lawyers.

Employment Law Articles

Learn and discover the latest useful employment law articles for practical information, DIY, and ideas from a network of leading business and corporate lawyers.

What are the 5 Different Types of Investors?

When entrepreneurs choose the correct investor, they can transform a startup from a small idea to a success story. On the other hand, selecting the wrong type of investment can potentially harm a small business. Here, we will break down the five types of investors so entrepreneurs can quickly figure out what kind of investor suits them.

99 Businesses to Start for less than $100

Here is our list of 99 diverse businesses for less than $100. Many entrepreneurs look at a startup idea and envision nothing but obstacles. Although starting a new company can be challenging, it can also be rewarding. However, many entrepreneurs with great ideas cannot afford the startup costs of a new company.

Caveat Emptor Meaning

Under caveat emptor, the burden is on the buyer to do due diligence and ask questions of the seller and the seller is liable for misrepresentation.

11 Steps for Incorporating A Business

When you incorporate your business, it means that the corporate entity is separate from yourself as an individual, under the law. One of the overriding advantages that go along with becoming incorporated is that your business will now become its own organization.

Steps To Buying A House

First, set a budget for buying a house. Second, you’ll work with a mortgage broker or direct lender like a bank to get preapproved for a mortgage. 

How to Start A Business

A step-by-step guide on how to start a business with or without money begins with an idea.

Average Small Business Revenue

Ever wonder if it is a good time to start or invest in a small business? The average revenue created by a small business…

How to Start a New RV Park

From the northeast to the beautiful western states, America’s outdoor areas are the ideal place for starting a new RV park.

AB5 Law

California AB5 law states that all company employees are presumed workers eligible to receive W-2s, unless a company can prove that a individuals is an independent contractors, according to the ABC test.