If you operate a business, you’re no doubt aware that someone could come along and offer the same product or service at a better price—or they could use unfair competition practices to try to put you out of business.
When doing business, you are likely to sign a number of contracts with other parties to agree on mutually beneficial terms. Once a contract is signed, both parties anticipate that the other party will perform their contractual obligations.
If you co-own a property with others and you want to cash out but the others want to retain the property for other purposes, what are your legal options? What if you inherit property with others and no one can agree on what to do with the property? Are all of you stuck until someone budges, or there’s a sudden meeting of the minds?
When you buy a home in California, you pretty much assume that the boundaries, as established by fences and other structures, are in the correct place; however, this is not always the case. After moving in, a homebuyer may get suspicious that something doesn’t look right.
The real estate market in California has been soaring since the onset of the pandemic. In November 2021, the average time on the market for a single-family home was 11 days, and the statewide median price was $782,480.
Accepting the home purchase offer doesn’t guarantee that the home sale will be completed. According to the most recent statistics from Forbes, about 3.9% of home sales failed nationally in 2016. Fortunately, real estate agreements often have contingencies in place that permit the seller to back out of a deal under certain circumstances. However, there may be repercussions or possible penalties.
Forming a business can present many unique challenges, starting with establishing the entity – sole proprietorship, partnership, or corporation that would most closely meet the goals and needs of the proprietors. Through the decades, I have become accustomed to hearing concerns voiced by entrepreneurs that seem to cut across industries and generations. In this piece, I will deal with some of those concerns.