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AdobeStock_388222194-300x205If you own a business or commercial real estate in California, you should consider what will become of these assets when you are ready to retire. If you are looking to transfer your business or real property to your children or other family members, then a California family limited partnership (FLP) may be the best way to do it. But there are a number of potential legal and tax risks involved if you do not handle things correctly. The experienced Silicon Valley partnership lawyers at Structure Law Group’s San Jose office can help steer you and your family in the right direction on these issues.

What is a California Family Limited Partnership?

A business partnership occurs when two or more people agree to own property or operate a business together. In a general partnership, the partners share in the profits and losses of the businesses. This means that a creditor can go after the personal assets of any of the general partners.

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AdobeStock_510331242-300x200Much of California’s civil justice system revolves around contractual obligations and the enforcement and collection of debts. Keep in mind that if someone owes you money–or you owe them money–the law only allows the creditor a certain amount of time to take action. This is known as the statute of limitations. If you need advice from a California debtor and creditor rights lawyer, contact the legal team at Structure Law Group, LLP.

When Does the Clock Start Running in California?

The exact length of California’s statute of limitations depends on whether the debt is based on a written contract or oral promise. In the case of a written contract, the statute of limitations is four years. But if it is an oral promise, the limitation period is just two years.

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AdobeStock_600446247-300x200Contracts are the lifeblood of California’s economy. Every business, no matter its size, depends on the mutual performance of contractual obligations with individuals and other business entities. When there is a breach of contract, the Los Angeles business litigation attorneys at Structure Law Group can advise you of your rights and represent you in taking (or defending against) legal action to assert those rights.

How Much Time Do You Have to File a Breach of Contract Lawsuit in Los Angeles?

California law imposes a deadline–known as a statute of limitations–on most types of civil actions. For alleged breaches of written contracts, the statute of limitations is four years under Section 337 of the California Code of Civil Procedure. But for most oral contracts, the limitation period is just two years under Section 339. In certain cases, a breach of contract for the sale of goods may instead be by Section 2725 of the Commercial Code, which has a four-year statute of limitations regardless of whether the contract itself was written or oral.

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AdobeStock_554619254-300x200Numerous businesses all over Texas are for sale every day, and people need to understand market dynamics and other concerns whenever they are considering buying or selling any business in the state. If you are currently trying to buy or sell a business in Texas, be sure that you have a Texas business attorney assisting you with all of the legal requirements that will be involved.

Buying an existing business can seem like a safer career path than beginning their own company, and people who are ready to move on can become willing to sell their businesses when they believe the time is right. It is important to begin by knowing whether you will be involved in an asset sale or an entity sale, with the former involving some or all of a business rather than an entire business itself and the latter being an entire business entity outright.

Buying a Business in Texas

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AdobeStock_559781410-300x200While many entrepreneurs choose to start their own businesses, others prefer to acquire an existing business. Acquiring an existing business can also be a good path for established businesses to expand. Regardless of which scenario you are looking at, the Los Angeles mergers and acquisitions lawyers at SLG can represent you through each stage of the process.

Business acquisition is a fairly complex legal process. It is not something you should enter into lightly or attempt without experienced legal counsel.

Here is just a brief overview of the acquisition process and some key considerations for you as a potential buyer:

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AdobeStock_606966290-300x200Many people nowadays are buying various goods online, which makes e-commerce businesses very attractive ventures for individuals all over Texas. When a person is considering starting their own e-commerce company, they will want to be sure they are working with trusted Austin, TX e-commerce attorneys.

In general, an e-commerce business will be a company operating either in full or in part over the internet that generates most of its revenue from online transactions. Licensing is one major concern for most e-commerce companies.

Basic E-Commerce Checklist

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AdobeStock_148430185-300x200Structure Law Group LLP’s California real estate attorneys can provide you with top-grade professional representation and guidance in real estate transactions. SLG’s attorneys work with investors, brokers, landlords and tenants in a wide range of matters including acquisitions, leases, transactions, financing, and tax planning.

Here are a few things to keep in mind when dealing with California’s commercial real estate market.

Tips for Buyers

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AdobeStock_56492391-300x200Whether you are looking to fund your next startup or you have an existing business that is well on its way to financial success, it is always a good idea to work with an experienced business attorney who can provide you with valuable advice and legal representation. Especially in California’s ever-changing business climate, having a lawyer is a necessity. That is why the Los Angeles business attorneys at Structure Law Group are here to help your business reach its full potential.

Four Ways Structure Law Group, LLP Can Help Your Los Angeles Start-Up

Some business owners look at hiring an attorney as an unnecessary expense. But the reality is that every business has to deal with legal issues on a daily basis. And you will be in a much stronger position if you have an experienced attorney at your side.

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AdobeStock_602180598-300x207While people often associate the individual terms in the phrase “mergers and acquisitions” (M&A) as essentially meaning the same thing, they are actually quite different. An acquisition describes one company taking over another company to establish itself as a new owner, while a merger refers to two companies of similar sizes joining forces to move forward as a single new entity.

M&As are extremely common in today’s business environment, but they are also incredibly complex, and many hopeful deals instead end up in litigation. You can avoid many of the struggles associated with M&As when you work with an experienced M&A attorney in LA.

Why M&A Transactions End Up in Litigation

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AdobeStock_360567208-300x200Each year brings new changes to the laws governing the relationship between California businesses and their employees. And 2023 has certainly been an active year on that front. There are a number of new laws–and changes to existing laws–that all employers need to be aware of.  If you have specific questions about how these new laws will affect your business, the California employment lawyers at Structure Law Group are here to help.

Here is a brief rundown of some of the more critical new employment laws to keep in mind as your business continues to navigate 2023:

Higher Minimum Wage

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