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The information and materials on this Web site are provided for general informational purposes only, and are not intended to be legal advice. We attempt to provide quality information, but the law changes frequently, and varies from jurisdiction to jurisdiction. The information and materials provided are general in nature, and may not apply to a specific factual or legal circumstance. An attorney and client relationship should not be implied. Nothing on this Web site is intended to substitute for the advice of an attorney; therefore, if you require legal advice, please consult with a competent attorney licensed to practice in your jurisdiction.
Tactics Used by Insurance Companies During a Personal Injury Case
/by Garmo & Garmo, LLPObtaining full and fair compensation from an insurance company can be a challenging and confusing process. Most injury victims have never been involved in a car accident and are unfamiliar with the claims process. The insurance company adjusters, however, are professional claim handlers who handle car accidents claims every day. Insurance companies are not in business […]
Important Steps to Take when Selling a Business
/by Garmo & Garmo, LLPSelling a business is a complicated and detailed process. Business sales involve months of careful planning and preparation, and there are numerous steps that must be taken in order to guide the process toward a successful conclusion. Here are some of the most important steps owners need to take as they execute their exit strategy: […]
What are the Main Differences between a Corporation and an LLC?
/by Garmo & Garmo, LLPThere is a lot of planning and thought that goes into starting a business. And before you open up for operations, one of the most important decisions you will have to make is which type of entity you want to create. Many business owners narrow the decision down to two options; a corporation or a […]
7 Important Considerations when Buying a Business
/by Garmo & Garmo LLPIf you have a business in mind that you want to buy, you will need to perform your due diligence before going through with the purchase. Owning a business can be the fulfillment of a lifelong dream, but if you get into the wrong business, this dream can turn into a nightmare. Before you agree […]
The Dangers of Electric Scooters
/by Garmo & Garmo LLPE-scooters are an emerging form of transportation that is becoming increasingly popular. E-scooters are most widely used in warmer climates like here in Southern California, and they are becoming a preferred means of travel for both residents and visitors. Renting an e-scooter works like using a ridesharing service such as Uber or Lyft. In fact, […]
What Happens when a California Business Ends up in Family Court?
/by Garmo & Garmo LLPOwning and operating a business can take up a lot of your time and energy. And in some cases, this can put a major strain on your personal life. Over the years, we have seen numerous high-profile cases of business owners who end up getting divorced. The largest divorce settlement in U.S. history happened recently […]
Does your Business need a Buy-Sell Agreement?
/by Garmo & Garmo, LLPWith any business that has multiple owners, there is always a chance that one of the owners will leave someday, either by choice or necessity. Sometimes, this scenario results from heated disputes between the owners, while at other times, circumstances might make it necessary for a change in ownership. To adequately prepare for these scenarios, […]
What are the Best Ways to Avoid Business Litigation?
/by Garmo & Garmo LLPThe last thing any business wants is to end up in litigation. Lawsuits are lengthy, stressful, and distracting. And while an established business may be able to weather the storm of a costly and protracted court battle, for a business that is fairly new, a lawsuit can threaten their continued existence. In either case, businesses […]
What to Look for When Reviewing a Business Contract
/by Garmo & Garmo, LLPContracts are commonplace in the business world. Whether you are signing a lease for commercial space or equipment, a nondisclosure agreement with a person or party you have a working relationship with, or an independent contractor agreement to perform various services or have various services performed for you, there are many times when you will […]
What is the Best Business Structure to Save on Taxes?
/by Garmo & Garmo, LLPWhen starting a business, what you pay in taxes is one of the most important considerations. This is especially true in California, where state taxes are among the highest in the country. Choosing the right entity structure can help minimize your tax liability, but this is not a “one size fits all” proposition. There are […]