From one vantage point, a business is only a business when it has “agreements” in place that govern its relationships with other parties: agreements with clients to deliver goods or services in exchange for compensation agreements with vendors to pay for products and services agreements with employees, financiers, landlords, insurers, etc. You get the idea. […]
Succession Planning for Your California Family Business
First and second-generation family business owners spend an inordinate amount of time focused on building and preserving their family legacy. This is an enormous amount of work. For starters, it means not only growing the business and making it successful, but also positioning it for the unique and frequently delicate type of transition that takes […]
Why Protect Your Software With the Power of Copyright Law
An enormous amount of any software company’s value is tied up in its intellectual property. One way to protect your software – the key asset of your company – is to seek copyright protection through the U.S. Copyright Office in Washington, D.C. A copyright is automatically created upon the completion of an original work of authorship that […]
A Bankruptcy Trustee has contacted you demanding repayment of a preference – now what?
If a customer of your business has entered bankruptcy proceedings, and you have obtained payment from that organization recently, you may receive a letter demanding “repayment of a preference” or “repayment of an unfair preference.” This article aims to shed light on this issue and help you understand your options. Often when a business gets […]
Is Filing Bankruptcy for My Business an Alternative?
The economic downturn in the recent past hit many small and medium sized businesses very hard. Some have been able to hang on, but only because their creditors have been willing to work with them. Things are starting to turn around, but perhaps not quickly enough to satisfy creditors. If your creditors are getting impatient […]
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