It’s usually easier to buy an existing business than to start up your own. This is because everything is already in place, including a customer base. However, there are some things to look for when you buy a fully-operational business. Follow the tips listed below to give yourself a fair chance of success at converting someone else’s business into your own. Continue reading
Signing a commercial lease is a significant commitment for most businesses. Whether negotiating or renewing a commercial lease, it can be difficult to determine the best lease term for your business. Many companies settle for a “standard” 5-year term, which may be appropriate. But there are factors to consider that could make a shorter or longer term more advantageous for your particular business. The information in this discussion may be useful helping you arrive at an appropriate lease term. However, if you’re still not sure, the best approach might be to consult with commercial leasing attorneys to advise you. Continue reading
Purchasing commercial real estate in the Bay Area can be a solid investment. Whether you are considering buying property in Oakland, Pleasanton, San Leandro, or anywhere in the Bay Area you will likely find a wealth of appealing options available. However, you will need to consider certain details before signing a purchase agreement. The following are some of the steps worth taking prior to buying Bay Area commercial real estate. Continue reading
We live in a highly competitive business environment, which pits people against firms, and major corporations against small businesses. When negotiating transactions, individuals and companies must prevent unauthorized disclosure of their trade secrets and proprietary information, which is so vitally important in such a competitive business environment. One of the ways for professionals and firms to protect trade secrets and proprietary information when negotiating transactions is through a properly drafted Non-Disclosure Agreement (NDA). With an NDA, the parties to a transaction are prohibited from sharing with third parties trade secrets and proprietary information that is disclosed to them in connection with the negotiating and due diligence of a proposed transaction. Continue reading
Have You Reviewed Your Trust Recently?
A common estate planning strategy prior to 2012 was to set up an “A-B” Trust distribution that created a Bypass Trust upon the death of the first spouse. The primary purpose of the Bypass Trust was to maximize a married couple’s total estate tax personal exemption. In 2012, though, the federal estate tax laws were substantially revised and, for most couples, simplified. Continue reading
Business Attorney with Offices in Castro Valley, Oakland, and Pleasanton Earns Recognition
Attorney Mark D. Poniatowski of Poniatowski Leding Parikh Law Corporation has Achieved the AV Preeminent® Rating – the Highest Possible Rating from Martindale-Hubbell®. Continue reading
East Bay Contracts Attorney Discusses
You spend years building a successful business, but at some point the time comes to sell it. Given all the emotion involved in making that move, it pays to plan ahead to protect your investment as you move through the selling process. One key move: Talk to your business attorney about drafting a strong confidentiality agreement (sometimes called a non-disclosure agreement, or “NDA”) to use with every prospective buyer, their employees and their advisors. The non-disclosure agreement should be drafted and signed before disclosing confidential or proprietary information to the potential buyer. Continue reading
Bay Area Commercial Attorney’s Position
The principals of PLP support the Creditor’s Rights Section of the Commercial Law League of America’s (CLLA) efforts to reform preference litigation, and agree with CLLA’s efforts to reform preference legislation, and CLLA’s position that preference reform is necessary to even the playing field between creditors and trustees.
East Bay Small Business Attorney Has Experience In These Matters
Some of the best business partnerships go stale with one wrong move. Close friends become enemies; tight-knit families become distant relatives. This is the risk you take when you go into business with friends or family. However, when you take the right steps upfront, you can minimize the possibility of future disputes. Continue reading