The right of first refusal is an important legal protection that allows business owners to protect their financial and ownership interests in a company. It allows a business to purchase stock from an employee or owner before that stock is sold to an external purchaser or outside party. This, in…
Data privacy has become one of the biggest concerns in the technology sector today. It is not just a matter of good customer service – today, technology companies are subject to a wide array of state, federal, and international laws. These laws govern the use of customer data and require…
For businesses in financial distress, the right path forward may mean choosing between a reorganization or a liquidation. Businesses have a number of options available to them, each of which include their own benefits and drawbacks. You should speak with a bankruptcy attorney before deciding which approach makes the most…
Though privately held companies cannot offer stock for sale to the general public, they can offer stock and stock options to owners, executives, and key employees. Doing so can incentivize critical personnel to perform at high levels and stay with the organization. That said, it is important to be sure…
We are beginning to see hopeful signs about the ongoing COVID-19 crisis, and the conversation about when and how to reopen the U.S. economy is beginning in earnest. In the meantime, however, the restrictions remain in effect. What can businesses do to try to increase their odds of surviving the…
Here in Los Angeles, there are myriad opportunities for creative entrepreneurs – but it is important to protect your and your business’s legal rights before you begin operations. Doing so will allow you to get through the difficult initial startup stages of a business free from legal disputes over equity,…
The Family First Coronavirus Response Act (FFCRA) includes an expansion of both the Emergency Paid Sick Leave Act (EPSLA) and the Emergency Family and Medical Leave Expansion Act (EFMLEA). The FFCRA is in part designed to combat negative effects of COVID-19 on the workforce. The Act includes providing qualifying employers…
Don’t let a data security issue become a public relations nightmare for your enterprise. Huge gains in efficiency and productivity are in the cards for any enterprise that can keep pace with technology. However, with any technological advance, risks and pitfalls are abound. Especially when it comes to Data Security.…
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020. It includes provisions that are helpful to individuals who find themselves laid off by their employers during this unprecedented time. The law adds an additional $600 in weekly unemployment benefits from the federal government…
In the wake of the COVID-19 pandemic, the U.S. federal government passed the CARES Act, a $2 trillion stimulus package aimed at softening the economic distress suffered by American businesses and individuals. The massive stimulus package authorizes up to $349 billion in forgivable loans through the Paycheck Protection Program to…