Remember Me
forgot your password?

Basic Concepts of the Business Law in Los Angeles

When deciding to engage in a business venture in the United States, Los Angeles is one of its states to be considered. It is one of it states where there is an abrupt raise on economic condition.

What is Business Law?

Business law commonly known as commercial law is a body of law that governs business and other commercial transactions.

Business law is divided into different subjects such as:

 


  • Contracts

  • Corporation

  • Securities Law

  • Antitrust

  • Secured Transaction

  • Commercial papers

  • Income Tax

  • Pension and Benefit

  • Trust and Estates

  • Immigration Law

  • Labor Law

  • Employment law and bankruptcy


If you are interested in putting up a business, the following are the different business structures you have to consider.

 


  • Sole proprietorship – A business owned and managed by a single individual. The owner is solely liable for all business debts and obligations.

  • Partnership – This is owned by two or more individual who agreed to contribute money and property to engage in business transaction. The partners are the liable individuals for all the business debts and obligation. But the liability of each partner depends on whether a partner is a capitalist, industrialist or limited partner.

  • Corporation – A business entity owned by shareholders. In this kind of business structure, there is separate personality between the shareholder and the corporation. The shareholder cannot be held liable for the debts and obligations of the corporation.


Yet, when such separate personality doctrine is used by the corporation in fraud of its creditors, the shareholder can be held liable under the doctrine of piercing the veil of corporate entity. This means that the creditor can sue the shareholder if such separate personality doctrine is used to escape its liability from its creditors.

 


  • S Corporation – This is a special type of corporation created through tax election.

  • Limited Liability Company – A new type of legal structure that provides a limited liability feature of a corporation and tax efficiencies and operational flexibility of a partnership.

  • Non-profit – This is engage in activities of public and private interest.

  • Cooperative – A business organization owned and operated for the benefit of those using its services.


Why do you need a business lawyer?

If you are planning to engage in any of the different business structure mentioned you need the assistance of a competent and credible attorney.

Business lawyers are expert in different topics and help you in any issues regarding business transaction such as:

 


  • Business formation and organization

  • Business negotiation

  • Planning

  • Acquisition

  • Merger

  • Divestiture and sale of business

  • Business litigation

  • Setting company policies

  • Business mediation

  • Business Transaction

  • Contract negotiation and enforcement

  • Drafting and reviewing contracts and agreements

  • Permit Application

  • Stock Issuance


Common issues encountered in business?

Just like any transaction, business transaction is not exempted with any problems such as:

 


  • Contract and licensing dispute

  • Commercial lease dispute

  • Employment dispute


If you want to experience the best legal assistance in putting up your company in Los Angeles, rely on the expertise of our Business Law attorneys. Just log on to our website and fill out our free case evaluation form.

Maribel Roncales

Maribel Roncales, once aspired to become one of the member of the elite force in the military before she pursue her law studies. Her exposure in writing starts during her high school days. For now, she is pursuing her dream to become a lawyer while working as a writer in a Los Angles based law firm.

Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest National, State, Local Articles
  • More from Maribel Roncales

Conversion Of Existing Firms-Limited Liability Partnerships - Various Aspects

By: taxmann | 26/11/2009
The entire world is gradually drifting towards one global market without any trade barriers between the countries. A small organi­zation led by few partners cannot think of growth on large scale without corporatising itself Limited Liability Partnership (LLP).

Minneapolis Court Records | Minneapolis Criminal Records

By: David Elliott | 25/11/2009
Minneapolis Court and Criminal Records are now available. If you want to find Minneapolis Court Records or Minneapolis Criminal Records, you need to read this article. Minneapolis Court Records | Minneapolis Criminal Records:

El Paso Court Records | El Paso Criminal Records

By: David Elliott | 25/11/2009
El Paso Court and Criminal Records are now available. If you want to find El Paso Court Records or El Paso Criminal Records, you need to read this article. El Paso Court Records | El Paso Criminal Records:

Phoenix Court Records | Phoenix Criminal Records

By: David Elliott | 25/11/2009
Phoenix Court and Criminal Records are now available. If you want to find Phoenix Court Records or Phoenix Criminal Records, you need to read this article. Phoenix Court Records | Phoenix Criminal Records:

Atlanta Court Records | Atlanta Criminal Records

By: David Elliott | 25/11/2009
Atlanta Court and Criminal Records are now available. If you want to find Atlanta Court Records or Atlanta Criminal Records, you need to read this article. Atlanta Court Records | Atlanta Criminal Records:

Orlando Court Records | Orlando Criminal Records

By: David Elliott | 25/11/2009
Orlando Court and Criminal Records are now available. If you want to find Orlando Court Records or Orlando Criminal Records, you need to read this article. Orlando Court Records | Orlando Criminal Records:

Austin Court Records | Austin Criminal Records

By: David Elliott | 25/11/2009
Austin Court and Criminal Records are now available. If you want to find Austin Court Records or Austin Criminal Records, you need to read this article. Austin Court Records | Austin Criminal Records:

Oakland Court Records | Oakland Criminal Records

By: David Elliott | 25/11/2009
Oakland Court and Criminal Records are now available. If you want to find Oakland Court Records or Oakland Criminal Records, you need to read this article. Oakland Court Records | Oakland Criminal Records:

Unlawful Acts Under the California Unfair Competition Law

By: Maribel Roncales | 01/08/2008 | National, State, Local
Unfair competition refers to illegal commercial activity ranging from trademark infringement to false advertising.

Divisive Issues of California Labor Law

By: Maribel Roncales | 01/08/2008 | National, State, Local
California Labor Law comprised of statutes and regulations that govern employers and industries with respect to the labor and working conditions of their employees.

How the Law Deals About Different Types of Termination

By: Maribel Roncales | 01/08/2008 | National, State, Local
Termination of employment is the end of the employee’s duration with the employers. This may be caused by the decision of the employer, of the employee or a mutual decision by both the employer and the employee.

Fair Debt Collection Practices Act in a Nutshell

By: Maribel Roncales | 01/08/2008 | National, State, Local
In the United States, in order to lessen the hassle and problem related to debt collection, the legislature enacted the Fair Debt Collection Practices Act.

Basic Concepts of General Negligence

By: Maribel Roncales | 01/08/2008 | National, State, Local
Negligence is generally defined as the commission of a civil wrong, a tort, which accidentally causes injury to somebody because of failure to perform an expected duty with care that a reasonably prudent person would use with regard to the safety of other in a particular circumstance.

Fraud in Social Security

By: Maribel Roncales | 16/07/2008 | Health & Safety
Social Security Fraud refers to the act of dishonestly claiming of benefits. Due to the increasing number of fraudulent claims, the US government enacted a law that will protect individuals from these illicit conducts.

The Law Covering Employment Disability

By: Maribel Roncales | 16/07/2008 | Health & Safety
According to the latest survey conducted by the U.S Census Bureau, there are approximately 49.7 million Americans having disability, which includes people of all ages. That is why the enactment of the Americans with Disabilities Act (ADA) is of great help for the people.

Contributory Factors in Car Crash Injury

By: Maribel Roncales | 16/07/2008 | Personal Injury
In first world countries like the United States, many streets are always congested with cars and other types of vehicles. As the number of cars increases everyday, the number of car accident also boost annually.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.28, 8, w1)