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.

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What is a Mechanic’s Lien? Key Facts and Legal Implications

A mechanic’s lien is a legal claim against property that helps contractors, subcontractors, and suppliers secure unpaid construction debts. This guide covers filing steps, enforcement, homeowner risks, and practical ways to prevent lien disputes during construction projects.

When are S-Corp Shareholders Entitled to Shareholder Distributions?

S Corp shareholders may receive proportional distributions after reasonable compensation is paid and ownership percentages are properly documented. Accurate tax reporting and basis tracking help prevent penalties, payroll tax issues, and unexpected capital gains.

How to Start a Taxi Business in 2026

Start a taxi business in 2026 with market research, licensing, financing, branding, insurance, vehicles, and staffing steps. Build a stronger taxi company by choosing the right model, planning costs, and targeting profitable local passengers.

What is a Business Partnership: Meaning and Types?

A business partnership lets two or more owners share resources, profits, losses, and responsibilities while running a company. This guide covers partnership types, advantages, drawbacks, agreements, registration steps, and tax considerations for US business owners.

What Is Gross Profit and How Is It Calculated in Financial Statements?

Gross profit shows how revenue compares with production costs and helps guide pricing, inventory, and cost-control decisions. Formulas, margins, and common mistakes can affect financial statements, profitability reviews, and long-term business planning.

What Is Indemnity and How Does It Apply to Insurance Contracts?

Insurance indemnity helps businesses cover insured losses, settlements, judgments, repairs, and legal defense costs. Indemnity coverage can protect companies from liability risks, vendor insurance gaps, and major out-of-pocket expenses.

52 Best Self-Employment Jobs and Business Ideas

Review self-employment jobs and low-cost business ideas for starting a flexible, independent career. Compare options from tutoring and freelancing to pet care, consulting, online courses, and home-based services.

8 Steps on How to Start a Small Restaurant

Start a small restaurant with steps covering concept, planning, location, menus, costs, funding, permits, and staffing. Build a stronger food business with practical guidance for launch, operations, marketing, and future growth.

How to Pay Yourself From An LLC?

LLC owners can pay themselves through draws, guaranteed payments, salaries, or dividends based on tax classification. This article covers payment options, IRS rules, tax mistakes, and reasonable compensation for LLC members.

Elements of Libel: Definitions, Proof, and Legal Standards

Libel claims require false published statements that damage reputation and satisfy specific legal standards of proof. This article covers definitions, defenses, damages, and how courts evaluate libel, slander, and defamatory meaning.

How to Pay Yourself as a Sole Proprietor?

See how to pay yourself as a sole proprietor through owner’s draws and separate business finances. Review tax basics, records, DBAs, and payment schedules before moving money from business profits.

How to Start an Import Export Business from Home?

Start an import export business from home with steps for product research, suppliers, licenses, customs bonds, costs, and marketing. Build a home-based trade company with practical tips on setup, compliance, distribution, and startup expenses.

How to Calculate Employee Turnover Rate?

Track employee turnover rate with a simple formula that helps measure departures across your workforce. See turnover types, causes, costs, and ways companies can improve retention.

What Does “Caveat Emptor” Mean? Definition and Buyer Beware Rule

Definition of caveat emptor, buyer beware rules, seller duties, warranties, as-is sales, and legal options after defective purchases. See how this rule affects real estate, used cars, retail sales, and consumer protection claims.

How to Prove a Verbal Agreement in Court?

Prove a verbal agreement in court using witnesses, emails, payment records, and conduct showing both sides accepted the terms. See when oral contracts hold up, when writing is required, and how documentation supports your claim.

How to Start a Gym Business in 2026

Start a gym business in 2026 with planning around costs, equipment, permits, insurance, pricing, and marketing. Build a fitness facility that attracts members, manages risk, and supports long-term growth from day one.

How to Buy Out a Business Partner?

Review how a business partner buyout works, from valuation and payment terms to legal protections and transition planning. See key steps for reducing disputes, protecting company assets, and structuring a smoother ownership change.

What Is a Notice and Acknowledgment of Receipt?

A Notice and Acknowledgment of Receipt lets California parties serve lawsuit documents by mail instead of personal service. This guide covers the process, deadlines, rights, obligations, and business uses of acknowledgment receipts.

Advantages and Disadvantages of a Corporation

Review corporation benefits and drawbacks, from liability protection and tax options to costs, paperwork, and formal rules. Compare C corps, S corps, B corps, nonprofits, and closed corporations before choosing a business structure.

Which Payroll Taxes Are Paid By Employers in California?

California employers pay payroll taxes such as UI, ETT, FICA, FUTA, and Medicare. This article covers employer tax rates, payment deadlines, filing options, and payroll duties for California businesses.

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.

Steps on How to Build Business Credit

Build business credit with practical steps that can help your company secure financing, better vendor terms, and stronger growth opportunities. This article covers registration, reporting accounts, timely payments, and common mistakes that can hurt your business credit profile.

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.

What is Slander? Meaning, Examples, and Libel vs. Slander

Slander is spoken defamation that harms a person’s reputation through false statements presented as fact to other people. This article covers meaning, examples, defenses, and the difference between slander and libel in defamation law.

What Does A General Counsel Do?

See what a general counsel does, from legal oversight and compliance to risk management, board support, and business strategy. Get a concise look at daily duties, core skills, and the right time for companies to hire one.

What Does Accretion Mean? Definition, Examples, Bond Accounting, and EPS Impact

Accretion is the gradual rise in value through acquisitions, business growth, or discounted bond purchases. This article covers bond accounting, EPS effects, and practical accretion examples in finance.

Sole Proprietorship vs LLC: Key Differences and Considerations

Compare sole proprietorships and LLCs, including liability, taxes, costs, and legal obligations before choosing a business structure. See how asset protection, ownership, compliance, and California rules can affect your decision when starting or changing a business.

LLC versus Corporation: Key Differences, Tax Impacts, Ownership Structures, and Management Considerations

LLC and corporation structures differ in taxes, ownership, management, liability protection, formation rules, and funding options for new businesses. This guide outlines how each entity affects investor access, compliance duties, profit treatment, and long-term business goals before you choose.

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