Business partnerships fall apart all the time, and most partnerships are prepared for the possibility. When it happens, either the partnership agreement or the company’s operating agreement usually provides the guidelines for a dissolution. What happens, however, if...
Social media can be a very valuable tool for businesses. However, social media can also cause challenges for business owners and executives, as online communication has made business fraud easier to perpetrate. Plenty of people will use social media to defraud...
A trustee needs to communicate with beneficiaries about crucial matters, as required by law. Therefore, if the trustee of a trust for which you’re a beneficiary fails to keep you reasonably informed, you can take legal action against them. Let’s look at some key...
Contracts are the tie that binds two businesses together when it comes coming to launching and managing operations. Yet, far too often, the promise of a satisfactory long-term relationship can come to a sudden end should a disagreement or contract breach occur. While...
When assets are put in a trust, a trustee is assigned to oversee it. This is the person who authorizes distributions of money from that trust. For example, perhaps your parents put money in the trust and left it to you. You have not been named as the trustee, so you...
Shareholders play a significant role in a business. While they are not involved in the day-to-day running of a business, they can vote in management and have several responsibilities and duties. Unfortunately, shareholder disputes can arise for various reasons and...
An effective business partnership can make running a company much more efficient. You can share the workload, financial responsibility and management of workers. That being said, business partnerships don’t always run smoothly. If you are in the midst of a partnership...
In today’s world many people use social media such as Facebook, Twitter, Instagram, and so forth to keep in touch with family, friends, and coworkers. This has had many beneficial effects. It has made it far easier for all of us to keep in touch with, or even...
One of the most misunderstood provisions in the California Probate Code is contained in California Probate Code Section 17206. This powerful provision essentially grants the Probate Court the power to issue any necessary or proper order to effectuate the orderly and...
In last week's Blog article we discussed private mediation as a tool for achieving closure in California trust litigation. Buffington Law Firm's trust litigation attorneys often use mediation in order to lessen our clients' legal fees and to achieve their litigation...