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June 2015 Archives

Preventing Partnership Disputes: Drafting a Partnership Agreement Can Go the Distance

business-partnership-agreement.jpgWhen you decide to go into business with someone, you think about many things. It is great to have a partner, as two heads are better than one. Also, it is a much more exciting endeavor when you are working with a friend, and sometimes having a partner can also lead to an exponential increase in profits. This type of business arrangement, working with a friend or close acquaintance, is common in many businesses today.

Whistleblower Laws: Employee Protection and Benefits Associated with Blowing the Whistle

california-whistleblower-laws.jpgDeciding when to blow the whistle on the employer that pays you money to take care of yourself and your family is never an easy task. An employee becomes a whistleblower when he or she exposes the illegal actions or conduct of their employer. The actions of these whistleblowers provide a great service to our country and protect consumers, forcing companies and various other employers to abide by the rules or pay a hefty fine for their illegal conduct.

Navigating Wrongful Discharge Cases in California

wrongful-discharge-california.jpgMany employers fear wrongful termination claims because firing someone for the wrong reasons can land them in significant legal trouble. Unfortunately, almost every employer will have to terminate an employee. Reasons can be unrelated to the employee's performance, such as downsizing for lack of revenue. But, even if there were valid reasons for terminating the employee, employers may worry that the former employee will assert a wrongful discharge claim.

Discharging Debt Under Chapter 13 Bankruptcy

discharging-debt-chapter-13.jpgIf you have incurred a substantial amount of unsecured debt related to credit cards and medical bills, Chapter 13 bankruptcy might be a perfect solution for you. Chapter 13 bankruptcy is only available to you so long as you are petitioning as an individual, or operate a self-employed, unincorporated business. Additionally, in order to qualify, your unsecured debts must not exceed $383,175 and your secured debts, such as home mortgages and automobile loans, must be less than $1,149,525.

Determining When Chapter 11 Bankruptcy Is Good For Your Business

business-chapter-11-bankruptcy.jpgBankruptcy is not a fun topic to discuss, but it is necessary for you to understand what it is and how it will work to the benefit of your business if you are considering filing. If you have a small business that is struggling financially, and you do not have enough resources to pay your creditors, bankruptcy may be an option for you to consider.

Understanding Fraud in Post-Sale Commercial Business Transactions

fraud-litigation-commercial-business.jpgToo often, unfortunate situations arise during the commercial sales of businesses. These situations arise frequently because sellers of businesses either actively misrepresent the facts surrounding the business or fail to disclose all the proper information to the prospective buyer.

The Advantages and Alternatives to Filing for Chapter 7 Bankruptcy

chapter-7-bankruptcy.jpgDeciding to declare bankruptcy is a difficult decision and one not to be taken lightly. In some situations it can be the right or wrong thing to do. You need to remember that bankruptcy will affect your reputation, self-image, and future credit. However, it can improve your quality of life as the communications from creditors begin to dwindle down.

Understanding Contract Disputes and Breach of Contract Claims

business-contract.jpgToday, a majority of businesses rely on contracts to fulfill their day-to-day operations. When you sign a contract with another business or individual, you expect them to perform their end of the bargain or agreement. When a party fails to fulfill their end of the bargain or breaches the agreement, your business can quickly run into financial trouble, losing a significant amount of profit, time and resources.