With Kevin Durant stunning the NBA with his exit from the Oklahoma City Thunder and defection to the Golden State Warriors, it seemed like a good time to take a look at contract negotiations in sports. Recently, a professional sports team drafted one of our clients and we found ourselves looking at a variety of factors in determining whether or not he should accept their offer. Sports contract negotiations are usually high-stakes matters. Whether this is your first contract or you’re … [Read more...] about How Should I Prepare for Sports Contract Negotiations?
Every business requires an entity structure for tax purposes. Common business entities include S Corporation, C Corporation, and Limited Liability Company. Each structure has pros and cons. The best way for you to identify the structure that best fits your business is to consult a commercial lawyer. … [Read more...] about What Is an S Corporation? Redlands Business Attorney Explains
If you own a business in California, there are several benefits to hiring independent contractors instead of employees. According to the Department of Industrial Relations, employers do not have to pay payroll taxes for independent contractors or provide meal periods. They also do not have to provide financial reimbursement for business-related expenses, or cover independent contractors with workers’ compensation insurance. … [Read more...] about Independent Contractors vs. Employees – What’s the Difference in California?
Whether you’re purchasing a business or starting a new venture, you will have to choose a structure for your company. There are partnerships, sole proprietorships and corporations. Of these, we must often get requests to form what is called a “business entity” Three common options are the S-Corporation, the C-Corporation and the Limited Liability Corporation (“LLC”). But which is right for you? … [Read more...] about Is an LLC the Right Structure for My Business?
Buying a business is an exciting decision, but one small oversight can lead to financial turmoil and legal problems. This is why it is essential to consult a commercial lawyer before signing the offer. … [Read more...] about Buying a Business? Here are 4 Common Mistakes to Avoid