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Encino, CA 91436
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Breach of Fiduciary Duty and its Risks

A breach of fiduciary duty can bring considerable harm to a corporation. Fiduciaries have access to sensitive financial information of a company. They are expected to take their position seriously, and act with the utmost of integrity and good faith. However, they don’t always live up to such expectations. Obligation of Fiduciaries Fiduciaries are those…
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Unfair Competition and Business Tactics

Unfair business competition can take many forms. Some of the more common types of include deceptive advertising, violating covenant not to compete clauses, stealing trade secrets, and engaging in predatory pricing schemes. False or Deceptive Advertising False or deceptive advertising can take the form of competitors misrepresenting their products as yours, or making false claims…
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Partnership: Disputes and Resolutions

A partnership is created when two or more people go into business together. Preferably, the arrangement is created formally and legally under the guidance of a small business litigation lawyer in the form of a general or limited partnership or perhaps a limited liability company. Sometimes, however, a partnership is created without a clear understanding…
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Dissolution of a Business

Just as partnerships, LLCs, S-Corps, and corporations are formed by starting a business, so too must these entities be dissolved through a process when it becomes clear the business entity can no longer effectively conduct business operations. Each business entity possesses its own set of rules for a proper dissolution. Partnership There are three steps…
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Tax-free Gains From Home Sales

One of the most significant tax advantages to owning a home comes at the back end of ownership, when you decide to sell it for a profit. A homeowner can exclude up to $250,000 of such profit from the federal capital gains tax. For married couples filing a joint tax return, the exclusion jumps to…
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Public Use Required for Eminant Domain

“Eminent domain” is the power of the federal, state, or local governments (and, in some limited circumstances, private parties, such as utilities and railroads) to take, or to authorize the taking of, private property for a public use without the owner’s consent and upon payment of just compensation. That right to compensation is rooted in…
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Estate Planning – Powers of Appointment

A power of appointment is the power given to someone to allow that person to designate who will receive property or an interest in property. The creator of the power is called the donor, the individual having the power is the power holder, and the possible recipients of the property are permissible appointees. Powers of…
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Before you start a business…

Both heart and mind must be working well if the owners of a new small business are to experience success. While it is only human nature—not to mention fun—to indulge one’s imagination about what a new business started from scratch could be like, would‑be entrepreneurs need to engage in some cold, hard thinking and planning…
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What Are the Tax Penalties for Small Businesses?

Small business owners are easy prey for the IRS. “Ignorance is no excuse” is the rule of thumb for owners of small enterprises; unfortunately many individuals jump into the world of business ownership without having a clear understanding of the complexities and nuances of tax codes. Common Tax Penalties A mistake small business owners often…
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Fair Credit Reporting & Unauthorized Credit Card Purchases

With a view toward getting a full measure of justice for debtors who may have been wronged by a violation of the federal Fair Credit Reporting Act (FCRA), attorneys often will add to their pleadings claims under state law arising under the common law (court-made law) or state statutes. Any time there is such a…
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