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What Every Business Owner Should Know About Buy-Sell Agreements

If you own part of a business, the subject of a buy-sell agreement has probably come up with your co-owners, and if it hasn’t, then it should. The purpose of a buy-sell agreement is to provide for an orderly transition of ownership interests when certain specified events occur, e.g., an…

Checklist for Protecting Company Trade Secrets

A crucial part of protecting a company’s “crown jewels” or trade secrets is developing and implementing a trade secret protection plan.  A trade secret protection plan should encompass written policies that are made available to all employees and consultants and are discussed with all parties who may have access to…

Got Personal Data?

How American Companies can adhere to the European Union’s New Consumer Privacy Regulations on the Worldwide Web In May 2018, the European Union (EU) sent a clear message to the world that it will support and protect the privacy of its citizens on the world wide web with new General…

Business Law for Start-Ups ~ KNCO Radio Interview

Virginia was recently interviewed on KNCO radio. You can hear her discuss business law for start-ups with Seth Leishman. Seth is not just a radio show host but a CPA, CFP®, Senior Financial Advisor, partner and part owner of Ostrofe Financial Consultants, in Grass Valley.

Should You Form an LLC for Your Business?

One of the most important choices an organization will make when forming a new business is which legal structure to choose: limited liability company, partnership, sole proprietorship, corporation, nonprofit, cooperative, etc. The type of business entity that will ultimately be the right fit will depend on a variety of factors…

Choice of Entity:  A Benefit Corporation (or b corp)

As of January 1, 2012, California corporations have a new option for organization under the California Corporations Code: the benefit corporation (or what many refer to as a “b corp”). In a traditional corporation, directors and officers owe a fiduciary duty primarily to the shareholders of the corporation. This standard…

Piercing The Corporate Veil – When a Stockholder is Liable for the Obligations of a Corporation

Piercing the Corporate Veil Most Often Occurs in Instances of Fraud or Malfeasance Despite the general rule that stockholders are not personally liable to creditors of a corporation (the operational meaning of “limited liability”), there are specific circumstances where creditors may “pierce the corporate veil” to satisfy corporate obligations by…

Tips on How to Protect Your Common Law Trademark

Many start-ups are interested in protecting their brands, but initially may not have the resources to file trademark registrations with U.S. Patent and Trademark Office (USPTO). Trademarks do not have to be registered with the USPTO in order for the trademark to be protected by the owner.  You may have…

8 Tips for Drafting an Online Privacy Policy

If you are starting an online business and collecting information from your users or customers via your website or a mobile application, then you need to draft and implement an online privacy policy. In general, your online privacy policy is your company’s pledge to your customers about how you will…