Ventura County is home to over 100,000 acres of irrigated farmland and over two thousand farming operations, producing billions of servings of fruits and vegetables. This fertile area is known around the world for its optimal agriculture. But recently, California has been hit by record-breaking rain and snow, putting our crops at high risk.
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How Your Attorney Can Help Plan and Document Business Acquisitions
Gaining business acquisitions requires experience and special skills. It is not an entry-level endeavor. To start, a buyer needs to identify potential targets that fit the buyer’s criteria. This requires researching businesses in an industry or geographic area or looking through a list of specific businesses that are known to be available. Once potential acquisitions have been identified, with due diligence, the buyer will evaluate the business’s financial and operational performance and its legal and regulatory compliance. This involves reviewing financial statements, contracts, customer lists, intellectual property, and other relevant information.
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5 Reasons You Need an Attorney to Draft Shareholder and Buy-Sell Agreements
When preparing a shareholder or a buy-sell agreement, it is important to have an experienced attorney to guide you through the process. Having an attorney that specializes in corporate law can make the process of drafting these agreements much easier, as well as protect you from any legal complications. In this blog post, we will discuss five reasons why you need an attorney to help you draft shareholder and buy-sell agreements.
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Property Taxes: What to Consider
Under California law, local governments are allowed to levy property taxes on real estate assets such as land, buildings, and other structures. Local officials use various factors, such as the size and condition of the property, its location, and its current market value, to assess the property’s value. They then base the property tax on this assessed value. You can challenge that assessment, as discussed in this post
What You Need to Know About Business Law
Business law is the body of law that controls the rights, relations, obligations, and conduct of individuals and entities engaged in commercial activities, including corporations, partnerships, and sole proprietorships. The primary function of business law is to specify rules and regulations that protect the interests of the parties involved in business transactions, including customers, employees, suppliers, shareholders, and other owners.
5 Things to Know When Real Estate Partnerships Go Awry
Real estate partnerships are no different from any business partnership in that things can go wrong for a variety of reasons. These reasons can include poor communication, misaligned objectives, financial difficulties, and changes in circumstances. Open communication can solve many problems, but if it is determined that the situation requires significant action, an in-person meeting focused on key issues may help to find a resolution. If things are past that point, action may need to include a partnership dissolution. This blog contains some things to consider.
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What to Know About Asset Protection Trusts
The goal of an asset protection trust is to protect your assets from creditors and lawsuits. A trustee (your choice of associates in your circle or yourself) will manage the assets for the benefit of the trust’s beneficiaries. The manager is under a special fiduciary duty and must account for all spending decisions. They must operate without conflicts.
The Difference Between a Proprietorship, Partnership, Professional Corporation & Incorporation
When starting a business, it’s important to understand the differences between the various business structures and organizations. Deciding which business structure works best for you will depend on a variety of factors– and having an experienced attorney to help guide you through the process is essential. In this post, we’ll look at the differences between incorporation, partnership, proprietorship, and professional corporation, and explain why knowing which works best for you is so important.
When Should I Begin My Business Succession Plan?
An appropriate succession plan can help ensure the smooth transition of your business to the next generation or new ownership and can also help protect the value of your business. Thus, it’s never too soon to start thinking about how you want to transition your business, but the exact timing will depend on your individual circumstances. The most important factors to consider are your personal and financial goals.
Starting (and Finishing) Tough Conversations this Holiday Season
The holiday season is a time of joy and celebration, but it can also be a time of difficult conversations. This year, don’t shy away from talking about important topics such as family law, estate planning, wills and testaments, and other legal matters that can have a lasting impact on your loved ones. Instead, embrace the opportunity to start (and finish) these conversations now and make sure that you and your family are on the same page when it comes to managing your legal affairs. In this blog post, we will provide you with tips and advice on how to tackle these tough conversations this holiday season.
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