If you are facing foreclosure on your primary home and you want to keep it, you may be able to do so through bankruptcy. Chapter 13 bankruptcy is designed to help debtors with regular income reorganize their debts and repay them over a period of three to five years. If the Debt exceeds the limits […]
Can I Open a Similar Business After Liquidating My Former Business in a Chapter 7 Bankruptcy?
You may open a similar business after filing Chapter 7 bankruptcy. Generally, someone cannot keep someone from operating a business and otherwise making a living. However, if you operate out of the same address at the same phone number, you may run the risk of creditors seeking further legal action against you. In addition, the […]
Ninth Circuit Allows Enforcement of Employment Arbitration Agreements in California
Ninth Circuit Court of Appeals Eliminates Obstacles to Enforce Employment Arbitration Agreements in California Under the Federal Arbitration Act. After nearly three years of legal challenges, the 9th Circuit Court of Appeals, in Chamber of Commerce v. Bonta affirmed a district court injunction striking down California Assembly Bill 51 (“AB 51”) because it is preempted […]
How Can My Business Avoid Bankruptcy?
There are several steps you can take to try to avoid bankruptcy and keep your business afloat: Create a budget: Review your finances and create a budget that includes all of your income and expenses. Make sure you have a clear understanding of your cash flow and where your money is going. Reduce expenses: Look […]
Changing the Legal Structure of Your Family Business to Ensure Your Professional and Personal Priorities Align as the Business Grows
The legal structure of your family business need not be permanent. You can change the structure to meet the needs of your evolving family business. Your business’ legal structure plays a role in determining your tax rates, governance and filing requirements, liability protections, transitions to the next generation, and more. As your family business grows, […]
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