Don’t Rely on a Non-Competition Agreement to Protect Your California Business.

After investing so much in your employees, and after giving them the tools and information they need to contribute to your company’s success, you certainly don’t want them to take the accumulated wisdom that you largely provided and use it in the service of one of your competitors. Your small California business would no doubt suffer if your top salesman, key officer, or other star moved across the street and started competing against you, so perhaps you had them execute an agreement when they were hired in which they agreed not to compete with your business for a certain period of time and/or in a specific geographic area in the event they leave your employ. Smart thinking. Unfortunately, that “non-competition agreement” will likely do you absolutely no good and will not be enforced in the Golden State. Continue reading “Don’t Rely on a Non-Competition Agreement to Protect Your California Business.”

MBE Certification Can Open Doors for Minority-Owned Businesses in Northern California

We work with businesses and entrepreneurs throughout the Sacramento area, helping them build and grow their companies and position them for continued success. Many of our clients are companies founded, owned or operated by ethnic minorities. As government agencies, private companies, universities, hospitals, and other entities continue to seek diversity in their supply chains and procurement process, certification of a business as a “Minority Business Enterprise” can provide minority-owned businesses with increased opportunities and access to potential customers and partners. Continue reading “MBE Certification Can Open Doors for Minority-Owned Businesses in Northern California”

California LLC Owners: Changes to Law May Require an Update to Your Operating Agreements

We assist many clients with the formation of their businesses, including choosing the right business form, preparing the operating agreements that govern so much of how an entity’s business is run and that delineate the powers and responsibilities of the members, shareholders, officers and directors of the company. For our limited liability company clients, and our California LLC owners in particular, changes in California’s LLC law that took effect earlier this year should prompt a review of your company’s LLC operating agreement. The revisions to the law may void certain provisions in your existing agreement or result in alterations to the members’ relationship that are contrary to what the members intended. Continue reading “California LLC Owners: Changes to Law May Require an Update to Your Operating Agreements”

Relying on the Internet for Your Estate Planning Can Lead to Disaster

The Internet can be wonderful. So much information at our fingertips can allow us to do things ourselves that in the past would have been beyond our knowledge and experience. Car repairs, home improvements, helping our kids with math homework; with so many resources at our disposal, it can be tempting to rely on what comes out of our laptops instead of seeking the advice of a professional. Continue reading “Relying on the Internet for Your Estate Planning Can Lead to Disaster”

Life Changes Should Lead to a Review of Your Estate Plan

If you’ve been diligent and thoughtful about putting together a comprehensive estate plan, the hope is that you won’t need to care about beneficiaries – the “who gets what” – for a long, long time. If all goes well, a lot of life will happen between the time you sign your estate planning documents and the time you pass away. Our lives are constantly changing – jobs relationships, homes, finances. But the estate planning documents you prepared do not, unless you make the effort to make the modifications necessary to ensure that they reflect these important and impactful life changes. This includes the beneficiary designations in those documents, like the people you picked to inherit your 401(k), company stock, and life insurance benefits. If you don’t regularly review and update your beneficiary designations to account for your life’s changes, you could leave financial hardship behind for your loved ones when you pass away. Continue reading “Life Changes Should Lead to a Review of Your Estate Plan”