Author Archives: Site Administrator
Understanding Correction Offers Under California Consumer Legal Remedies Act (“CLRA”)
The California Consumers Legal Remedies Act (CLRA) protects consumers from unfair business practices, including false advertising and intentional misrepresentation. The CLRA gives consumers legal options when they have become the victim of bad business practices. Buying a car is a common example used to show a potential CLRA violation. If a dealership sells or… Read More »
Contractors State License Board/ Contractor Law Requirements – What a Home Improvement Contract Must Include
In California, home improvement contractors have several responsibilities in dealing with their customers and are regulated by the Contractors State License Board (CSLB). The CSLB aims to protect consumers by outlining the laws that contractors are expected to follow when completing a home improvement project. As a home improvement contractor, it is important to… Read More »
Does the California Consumer Legal Remedies Act (“CLRA”) Protect Consumers Who Don’t Discover Problems Until Later?
The California Consumers Legal Remedies Act (CLRA), which was passed in 1970, provides consumers with protection against false advertising, fraud, and other unfair business practices. It also allows consumers to bring legal actions to recover damages when they have been misled. But what if they don’t discover the fraud until quite a bit of… Read More »
How to Come Up with Valuation for Your Startup During Friends and Family Round?
For most startups, early financing comes from two places – friends and family or angel investors. Now, the investors in the friends and family round are not necessarily real friends or family members, though they can be. Generally, they are investors willing to invest their personal finances because they like the founders or believe… Read More »
Annual Reporting Requirement for Delaware Corporations
The Ebright Azimuth, the highest geographic point in the state of Delaware, may barely clear 448 feet over sea level, but the First State has managed to reach the top in other ways: It has some of the most business-friendly incorporation laws in the U.S., which is why it is home to 64% of… Read More »
Do You Own a Foreign Business Operating in California? You Might.
Foreign? No. I’m an American Under California law, foreign doesn’t mean a foreign country. It simply means a business that was created in a state other than California, and if you want to do business in the Golden State, you need to qualify or register your business in California. By the same token, a… Read More »
If You and Your Family Members Own Stock in the Same Corporation, This is What You Need to Know About the Tax Consequences of I.R.C. Section 318(a)(1)
Does the family that invests together stay together? Under Internal Revenue Code section 318(a), you might be taxed together. Or at least one of you might bear the burden for the entire family’s corporate stock investments. If you and your spouse and children all own stock in the same corporation, section 318 could lead… Read More »
Starting an Online Business in California
It’s an exciting time for online businesses. The internet makes online innovation and entrepreneurship an easy endeavor. But if you’re contemplating starting an online business in California, there are many legal considerations you should take into account. And it doesn’t end with simple contracts for business ventures. You’ll need to consider the legal ramifications… Read More »
Dissolving a California LLC or Corporation
Ending a business is rarely an easy decision. But following the proper procedures to formally close it down should be a no-brainer. Formally dissolving your business entity will end its legal existence, but it also reduces the individual liability of a business’s members or shareholders. Failing to end a business formally can leave you… Read More »
CLRA Mistakes Can Be Costly–Here’s How to Avoid Making Them
Consumers have more options for making purchases than before, and that means the demand for a bargain is higher than it’s ever been. Consumers expect to find incredible deals, bonuses, and exclusive sales. All that consumer expectation places merchants are under intense pressure to make offers that might be hard for them to fulfill,… Read More »
