Category: Business and Real Estate

Whatever your industry, designing a new product or finding a way to manufacture one more cheaply than others can lead to massive business success. However, years of successful operations could come grinding to a halt with a defective product claim.  Issues with the products your company produces could lead to massive financial liability for the company…

We noted in our immediately preceding blog post that a materially high percentage of businesses across the United States cease operations within a handful of years owing to various challenges that company owners either failed to perceive or simply did not adequately prepare for. And, having noted that, we pointed to a silver lining linked…

For the last several years there’s been both excitement and concern over the gig economy that seems to be growing by the day, as it starts to become the norm for more and more workers. With the explosion of companies like Lyft and Postmates, many more companies have come onto the scene. However, of late,…

Contracts are supposed to be legally binding agreements. What is a college professor to do, however, when his or her employer backs out on their half of the agreement? It is just such a situation that professors of San Francisco State University in California are facing, and they have gone public with their claims of breach…

What is a breach of contract? Imagine you create a contract with a friend to sell him a car. Each week until the vehicle is paid off, he’ll give you twenty-five dollars for the cost of the car and another five dollars in interest. That means that at the end of each month, you should…

For those who are new to running a business, you should know that there are going to be decisions that you will need to make that will not only affect your business but your employees as well. These decisions may be as grand as deciding to merge with another company to something as simple as…

You may already heard that the NFL has decided to voluntarily relinquish its tax-exempt status — a designation that the league has enjoyed for nearly 49 years. It’s a decision that some within the public feel was long overdue, especially among those who felt that the league, for decades, had been intentionally “skimming millions of…

Most business owners want their company to do well. Most will try their hardest to make decisions that will inevitably lead to financial success. But as you can imagine, sometimes the best laid plans don’t always go the way we want them to. For business owners, this can mean making the difficult decision to sell…

Your business plan is the first step toward creating a strong business that can stand up to changes in the economy and both positive and negative days on the books. You want to decide on your target market and show why the market will want to buy from you. You need to define your services…

A sole proprietorship is one way you can set up your business. It’s also the most common, because there is no distinction between you and the business. As an example, consider a local photography company. The owner may be the only employee and may work out of the home. It would be normal for that…

One of the foremost considerations for entrepreneurial thinkers poised to put in motion their energies and business plan centers on the form of enterprise most appropriate for advancing their goals. As we note on the Business Law page of our website at the Pasadena-based business and commercial law firm of Larson & Gaston, LLP, our attorneys always seek…

American federal law that seeks to ensure fair competition in the commercial realm is both robust and long-tenured, with so-called “antitrust” protections aimed at precluding monopolies and other business-choking strategies being well established and explicit. State laws concerning things like noncompete agreements and restrictive covenants vary. As noted in a recent business article on trade…

Damages are the monetary results of litigation. They can range from compensation for injuries incurred by a plaintiff to attorney’s fees. As a result, they can range from a single dollar in nominal damages to millions of dollars in extensive litigation cases.  Due to this wide range, it is prudent to evaluate the potential economic effects…

Does the upcoming New Year inspire new business aspirations? For some, this could include the possibility of opening up a new enterprise. There are a number of steps that need to be taken before starting your own business, but three tips to get you started include: These tips are just the beginning. Additional matters may…

The jury has spoken, and what it recently concluded clearly has mammoth medical device and consumer goods company Johnson & Johnson on edge and wary of future outcomes that don’t bode well for the global enterprise. What is obviously of material concern to J&J in an immediate sense is the $37 million verdict pronounced against…

Larson & Gaston, LLP is committed to supporting our clients and community in responding to the COVID-19 Pandemic. Our office remains operational as our attorneys and staff are working remotely following the orders of our County and State governments. While we are working remotely as part of the effort to slow the spread of this…