It’s crucial to pay attention to the legal side of your bookkeeping business to ensure that you’re protected both in times of success and most especially in times of chaos and uncertainty. Jeffrey Love is a corporate lawyer and partner at the firm, Gibbs Giden in California. His practice areas include business, commercial and real estate law. He provides outside general counsel to a wide array of businesses, advising on joint ventures, strategic alliances, partnership arrangements, entity formation, and general contract preparation.  Listen here.  For more information contact: Jeffrey B. Love, Esq. email: jlove@gibbsgiden.com Jeff Love is a partner with the firm. […]

John Chapman talks with Jeff Love, who is a Partner at Gibbs Gidden law firm in Los Angeles, about the importance of a Buy-Sell agreement in a partnership or small business. Jeff talks about some of the unforeseen risks that can come up when a partnership doesn’t have a Buy-Sell agreement in place. And he also talks about what all is included in the drafting process of the agreement and how you can get started today.  Listen here. Making Sense of a Buy-Sell Agreement with attorney Jeff Love For more information contact: Jeffrey B. Love, Esq. email: jlove@gibbsgiden.com Jeff Love is a partner […]

New ballot measure may force business owners to rethink their real property exposure. Enacted in 1978, Proposition 13 established that real property taxes in California (whether on commercial, residential or industrial property) are based on the purchase price of the subject property. These taxes are generally[1] limited to 1% of the purchase price of the property and are subject to an annual increase of 2% or the rate of inflation[2], whichever is lower. These limitations are often a boon to property owners since property tax liability is pegged to the owners’ cost basis instead of the property’s market value (which, […]

Businesses throughout California have a common New Year’s Resolution this year: ensure compliance with the California Consumer Privacy Act (CCPA). Earlier this year we posted an article comparing the highlights of CCPA—which will come into effect on January 1, 2020—to the General Data Protection Regulation (GDPR). Though strict enforcement of CCPA will likely not occur until July 1, 2020, it’s best not to delay. Here are a few reminders to get you started as we turn into the New Year: Does CCPA Apply to Your Business? CCPA applies to any business that collects or processes the personal information of a […]

It is widely known that if you want to conduct business in the State of California using a fictitious business name, you must properly register your fictitious business name. Whether your business is a sole proprietorship, partnership, corporation or other legal entity seeking to use a fictitious trade name, the registration process requires the business owner to file a fictitious business name statement (within 40 days of first using the business name) with the county clerk’s office where the principal place of business is located in California. Within 30 days of the filing, the fictitious business name statement must be […]

What should you do when you receive a check from a customer for an amount less than your total claim, but the check is marked with a “payment in full” or similar restrictive notation? Should you return the check to the debtor? Or can you simply cross out the “payment in full” language, deposit the check and pursue the unpaid balance? And what if you use a lockbox to handle the numerous checks you receive and those checks are deposited before you see them? Short Answer The answer to this question depends on what state law applies to your customer’s […]

On Tuesday, the Los Angeles County Board of Supervisors voted to raise the minimum wage in unincorporated areas of Los Angeles County over the next five years. The minimum wage is set to reach $15 per hour by 2020 for business with more than 26 employees. For businesses with fewer than 26 employees, the wage increases will be delayed one year. The minimum wage is set to incrementally increase over the next five years: increasing to $10.50 on July 1, 2016; $12 on July 1, 2017; $13.25 on July 1, 2018; $14.25 on July 1, 2019; and $15.00 on July […]

If you or your business engage in online advertising (including through websites, blogs, mobile applications, Facebook, Twitter, Instagram and Tumblr), be sure you are familiar and comply with the Federal Trade Commission (FTC) disclosure guidelines commonly known as the “.com Disclosures“ The FTC is stepping up enforcement actions that require businesses make clear and conspicuous disclosures, regardless of the platform, so as not to engage in “deceptive or unfair” advertising. A couple of months ago, the FTC entered its Decision and Order in connection with its complaint against Amerifreight, Inc. for failing to properly disclose that it had paid consumers […]

Partners, Christopher E. Ng, Esq., Jonathan B. Wolf, Esq., Philip C. Zvonicek, Esq., and Associate Sara H. Kornblatt, Esq. have been selected to the 2015 Southern California Rising Stars list. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Super Lawyers, a Thomson Reuters business, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement.

In Daimler AG v. Bauman (2014) 134 S. Ct. 746, the United States Supreme Court rewrote civil procedure textbooks around the country. In last year’s momentous decision, the Supreme Court held that “the place of incorporation and principal place of business are paradig[m]…bases for general jurisdiction,” and that only in “exceptional cases” should a court exercise general jurisdiction over a corporation domiciled in another state.  Just weeks ago, a California appellate court was asked to review a trial court decision finding the existence of general jurisdiction over BNSF Railway Company in a wrongful death action. Specifically, the family of a former BNSF […]