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Woodland Hills Business Law Blog

Wednesday, May 15, 2013

How Par Value Affects Start-Up Businesses

Many entrepreneurs are unclear about the “par value” of a stock, and what par value they should establish for their new corporation. Generally, par value (also known as nominal or face value) is the minimum price per share that shares can be issued for, in order to be fully paid. In the old days, the par value of a common stock was equal to the amount invested and represented the initial capital of the company; but today the vast majority of stocks are issued with an extremely low par value, or none at all.


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Monday, May 6, 2013

Negotiating a Commercial Lease? Be Sure to Address These Issues

When it comes time for your business to move into a new commercial space, make sure you consider the terms of your lease agreement from both business and legal perspectives.  While there are some common terms and clauses in many commercial leases, many landlords and property managers incorporate complicated and sometimes unusual terms and conditions.   As you review your commercial lease, pay special attention to the following issues which can greatly affect your legal rights and obligations:


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Monday, April 29, 2013

Should I Incorporate My Business?

The primary advantages of operating as a corporation are liability protection and potential tax savings. Like any important decision, choosing whether to incorporate involves weighing the pros and cons of the various business structures and should only be done after careful research.


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Friday, April 19, 2013

Umbrella Insurance

Lawsuits are everywhere. What happens when you are found to be at fault in an accident, and a significant judgment is entered against you? A child dives head-first into the shallow end of your swimming pool, becomes paralyzed, and needs in-home medical care for the rest of his lifetime. Or, you accidentally rear-end a high-income executive, whose injuries prevent him from returning to work. Either of these situations could easily result in judgments or settlements that far exceed the limits of your primary home or auto insurance policies. Without additional coverage, your life savings could be wiped out with the stroke of a judge’s pen.


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Friday, April 5, 2013

Overview of the Ways to Hold Title to Property

You are purchasing a home, and the escrow officer asks, “How do you want to hold title to the property?” In the context of your overall home purchase, this may seem like a small, inconsequential detail; however nothing could be further from the truth. A property can be owned by the same people, yet the manner in which title is held can drastically affect each owner’s rights during their lifetime and upon their death. Below is an overview of the common ways to hold title to real estate:


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The Law Offices of Joseph J. London assists individuals and businesses with Commercial and Residential Real Estate Transactions, Franchise Law, Business Transactions, Corporate/Partnership/LLC Transactions and Dispute Resolutions in the San Fernando Valley, CA including Woodland Hills, Tarzana, Canoga Park, West Hills, Winnetka, Topanga, Reseda, Encino, Northridge, San Fernando, Sherman Oaks, North Hollywood, and Van Nuys, as well as Los Angeles, Malibu, Santa Monica, Thousand Oaks, Burbank and Pasadena in Los Angeles County, Ventura County, Orange County, Riverside County and San Bernardino County.



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