Thinking about starting a business with a partner? Partnerships can be a great way to combine strengths, share responsibilities, and build something bigger together, but they also come with unique risks and legal considerations.
With over 4.5 million partnership tax returns filed in 2022 alone, it’s clear this business structure is popular, but its operation…
Commercial real estate is used exclusively for business purposes, such as retail spaces, offices, industrial facilities, hotels, and warehouses. Many businesses lease their locations. Disputes may arise between landlords and tenants. Understanding how to avoid and resolve disputes can reduce the risk of commercial litigation. Our California real estate attorneys discuss ways you can resolve…
When Mark started his custom cabinetry business in Ventura County, he went with the simplest option—a sole proprietorship. It worked fine at first. But as he hired employees, took on bigger projects, and started thinking about retirement planning and liability protection, Mark began to wonder: Should I be doing this differently?
It’s a common question…
Litigation can be complex, and one of the most important—but often least understood—phases of a lawsuit is discovery. Whether you’re involved in a business dispute, a real estate lawsuit, or another civil matter, understanding the discovery process can help you feel more informed and prepared as your case progresses.
One of the most important decisions that a California business owner can make is which legal form it should take. From sole proprietorships to corporations, there are various entities to choose from. The choice you make will have an impact on your and your organization’s taxes.
Knowing the tax consequences of the different business structures…
Non-disclosure agreements are designed to help businesses protect an array of ideas and information from being stolen. Without one of these agreements, also called an NDA, a company could be at the mercy of employees, contractors, and others who might exploit their business relationship for their own personal and financial gain. But merely having an…
Contractor disputes are an unfortunate reality in many business and construction projects. Misunderstandings, unmet expectations, and legal noncompliance can escalate into costly litigation if not addressed promptly. At Schneiders & Associates, LLP, we have a proven track record of helping businesses navigate and resolve contractor disputes effectively. Below, we delve into the most common contractor…
Commercial leases in California set the framework for the relationship between landlords and tenants, impacting everything from the day-to-day operations of a business to long-term growth. These agreements address critical details like rent, property maintenance, and tenant improvements. The terms are often complex, and how they’re structured can significantly affect the future of your business.…
As life evolves, so do your financial and family circumstances. Events like the birth of a child, acquiring new assets, or changes in relationships can impact the plans you’ve set for the future. While trusts are meant to provide security and clarity, they should be reviewed and updated when significant shifts occur. Amending a trust…
Deciding how to manage and protect your assets often comes down to choosing the right trust. In California, irrevocable and revocable trusts are the most popular options, each with unique features. Revocable trusts allow you to make changes as needed, while irrevocable trusts may offer stronger protection from creditors and tax benefits in certain special…
