By Melinda Garcia | Published May 23, 2017 | Posted in Business, Business Partnerships | Tagged Tags: beneficiaries, repurchasing shares, shareholder agreements, shareholder disputes, shareholders |
What to Do When a Shareholder Dies
What to Do When a Shareholder Dies When a shareholder of your corporation dies, it can spark a lot of questions, such as who gets his or her remaining shares? If a relative inherits them, can you control to whom they go and that person’s subsequent role within the corporation? Can existing shareholders buy out Read More
Read MoreCalifornia Court of Appeals Reverses Original Decision Regarding Meal Period Waivers for Healthcare Workers
On October 5, 2015, California Governor Jerry Brown signed into law a bill confirming that hospital employees and other employees in the healthcare industry can continue to waive one of their two meal periods. Healthcare workers that work 12 or more hours in a given day are entitled to two meals, but they have an Read More
Read MoreCan You be Held Liable for an Independent Contractor’s On-the-Job Injuries?
Many business owners hire independent contractors because it reduces overhead costs and liability. At least, that is what many business owners believe. While it is true independent contractors are not eligible for workman’s compensation, they are not exempt from liability altogether. Classification of an Independent Contractor According to the IRS, there are three factors that Read More
Read MoreAre Employers Entitled to Monitor an Employee’s Company Cell-Phone?
In City of Ontario v. Quon, the Supreme Court ruled that employers have the right to read employees’ text messages – including personal ones – if they believe that the workplace rules are being violated. Though this ruling was handed down over six years ago, it is still a point of contention: Is it legal Read More
Read MoreHow to Fire a Board Member
A California board member may be asked to step down for any number of reasons, ranging from conflict of interest to unethical behavior. If you and the rest of the members of your board feel that a member no longer benefits the company or corporation, you must take actions to remove that board member before Read More
Read MoreWhat to Do When One Partner Refuses a Buyout Offer
What to Do When One Partner Refuses a Buyout Offer Going into business with someone has many rewards, the greatest of which include having someone to share the responsibility with, having a second perspective, and having someone to swap ideas back and forth with. On the other hand, partnerships can be tricky because many times, Read More
Read MoreProtecting Your Trade Secrets When a Key Employee Moves to a Competitor
We see it in movies all the time—a key employee is enticed away from his or her current position by a competitor who promises a bigger salary, better benefits package, and a cushier office. In return, however, the competitor wants insider information about the employee’s former company. They want to know about potential new customers, Read More
Read MoreRisk Management: Protect Yourself from Product Liability Lawsuits
In 1998, Dow Corning was sued for $4.2 billion by 170,000 customers claiming that their silicone breast implants ruptured, causing bodily harm, scleroderma, or death. Because of the outstanding number of cases against the company, Dow Corning settled for $3.2 billion (CNN Money). In December of 1998, Owens Corning Corp. had approximately 176,000 product liability Read More
Read MoreBenefits of Forming a Business Partnership in California
Starting a business is a new and exciting adventure, but it is also one that requires asking a lot of important questions and making a lot of important, often irrevocable decisions. One of those decisions is which form your business should take. When forming a small business in California, you have six business entity Read More
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