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Top Five Legal Issues Small Businesses Face

As a small business owner, you will take on many challenges. Here are the top five legal issues you are likely to face.

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Dispelling Business Formation Myths

The process of starting a business can feel both overwhelming and intimidating. While there is a lot of information about business formation available online, not everything you read is true.

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Are Client Lists Considered Trade Secrets in California?

Businesses work hard to build up a customer base, and the last thing they want is for a competitor to get hold of their customer list and exploit it for their own profit, potentially harming the business that compiled the customer data.

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The Basics of California's Unfair Competition Law

Every year, many consumers fall victim to false advertising and other unlawful practices of business. California's unfair competition law was designed to protect consumers and create a level playing field for businesses across the state.

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Benefits of a Family Limited Partnership

People don’t build businesses intending for them to fail. They build them to succeed, grow, and provide for their families. The more they succeed, the greater the risk of liabilities, including taxes, to the heirs of the business owners.

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The Importance of Indemnity Provisions

Indemnity clauses are often included in business contracts in order to allow an indemnifier to hold liability for any injuries, damages, or losses incurred by a party in the contract. The indemnity clause will require the indemnifier to compensate the other party to the contract for recoverable damages from third-party claims.

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Creating a Business Succession Plan With Buy-Sell Provisions

You’re running a successful business but nearing retirement age. You’ve yet to figure out what to do with the business when that day comes. Sell it, turn it over to a family member, or groom an employee to run things?

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The Importance of Shareholder Agreements for Corporations

Many people starting out in business will opt for a corporate structure to lessen personal liability, but if the corporation has more than one shareholder – the person forming it – it then becomes either a closely held corporation or a publicly traded corporation.

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Understanding Business Liability Insurance Coverage

When you own a business, it is wise to protect it from liability that could destroy what you have built in a single claim. Liability insurance is a smart investment, and with a median annual premium of $500 to insure a small business, it is affordable.

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Filing a Fictitious Business Name and Protecting Intellectual Property

Thinking of starting a business in California but not sure of all the requirements or how to go about securing all your legal protections? You’re not alone. There’s a thicket of federal, state, and local organizations, all with requirements of their own, and it’s difficult for the new entrepreneur to know where to start.

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