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Santa Ana Business Lawyers
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Legal Services Offered by Our On-Demand Santa Ana Business Attorneys
Our experienced Santa Ana business attorneys & lawyers handle both transactional matters and litigation involving business and commercial disputes. The business attorneys found on UpCounsel offer a broad range of practice areas relevant to small businesses and their owners, including Business formation, Commercial transactions, Employment law, securities, litigation, contracts, taxes, intellectual property protection & litigation, and much more.
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- 3 min read
Establishing a business in Pennsylvania is a multi-step process. If you follow these guidelines, you will avoid fines, penalties, and other legal and tax problems down the road.
Be sure to start with a business plan and formalize your ideas. Simple research and planning can go a long way toward a successful business. Although you do not technically need a business plan, it can help you plan and develop your business in the future. It can also help you secure financing as well.
Choose and Reserve a Name for Your Company
Search Pennsylvania's database of businesses that have already registered their names. Choose and register a name for your business with the Pennsylvania Department of State. The Department prohibits two companies from having similar names, so have a few names in mind in case one is already in use. The D
- 8 min read
What is an Exclusivity Clause?
An exclusivity clause is part of a bigger legal document that restricts the signer from buying, selling, or promoting any goods or services from any person or company other than the issuing company associated with the contract. In other words, the company or individual works exclusively with the issuer of the contract. Many company owners who are excited and eager to get started in business may overlook the clause. But violating an exclusivity clause can come with stiff penalties and fines. It is also very difficult to break this clause of a contract without being held responsible for the penalties listed.
A violation of an exclusivity clause may result in a cancellation of the contract, leaving the signer responsible for any goods or services purchased. But this scenario is likely the best case, since the contract issuer can take more extreme legal action. In some cases, violators of exclusivity agreements have been restricted fr
- 10 min read
What are Class B Shares?
Class B shares are:
- Common stocks
- Preferred stocks offering fewer advantages than Class A
Mutual funds can be divided into more than one type, and each type reveals the interest, portfolio, fees, and costs, in addition to the commission the sales representative of those stocks will receive in turn. Generally, class B shares are a kind of stock that offers a variable amount of voting shares when compared to class A.
What is the Difference Between Common and Preferred Stock?
Preferred stock is a type of security that gives people priority dividend amounts. This helps the owner's priority dividend payments and boosts the company in cases of liquidation or bankruptcy.
On the other hand, common stock is mostly lower-priority but found much more often in equity transfers. Companies sometimes create various classes of common stocks for investors, members of
- 9 min read
What Is Right of First Offer?
Right of first offer is an agreement that when an owner is ready to sell or lease an asset, the holder of the right of first offer gets the first chance to buy or lease the property within a given time frame. Once the holder has made the offer, the seller is able to accept or refuse the offer. If the seller refuses it, he or she can move on to a third party offer.
Right of First Offer: In Depth
Most commonly, right of first offer is used in contracts within the real estate market and in the selling and buying of businesses. Typically, the stipulation is included in a tenant-landlord contract and in businesses with business partners and investors.
The most practical reason to have right of first offer is for a commercial tenant. If the owner decides to sell, it would give the tenant a chance to make an offer. If accepted, this prevents the need for the tenant to move his or her business to a new location.
- 4 min read
Rule 145: What is it?
Rule 145 is an SEC rule that allows companies to sell certain securities without first having to register the securities with the SEC. This specifically refers to stocks that an investor has received because of a merger, acquisition, or reclassification.
When Registration Is Required Under Rule 145
In addition to allowing certain types of securities to go unregistered, Rule 145 also requires that the following transactions must be registered if security holders vote on such transactions:
- Reclassification of securities that will replace one security for a different one.
- A merger, consolidation, or acquisition where the securities of one corporation or company are exchanged for those of a different company or organ