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Common Mistakes of Busy People

Common Mistakes of Busy People

Keep Proper Corporate Records

Improper record keeping can cause problems with the IRS, hamper your ability to raise equity capital and could result in personal liability by “piercing the corporate veil” of the company.

Protect Intellectual Property

Intellectual property (patents, trademarks, confidential information, know-how) is often vital to success and building value of the company. To protect yourself, obtain appropriate registrations and licenses.

Properly Negotiate and Document Agreements

Contracts and leases presented by banks, landlords, suppliers generally are written in their favor. These are negotiable! Review all contracts carefully and ensure they meet your business needs.

Approach any Personal Guaranty Cautiously

Many contracts may require your guaranty. Your guaranties to banks, landlords, suppliers and others may expose you to a much greater personal liability. Where possible, try to avoid personal guaranties.

Select a Competent and Dedicated Counselor

A competent attorney can help you handle all of these issues, save you time and enable you to focus on the areas vital to business success.

Contact us Today

The Nick Yocca Law Firm is committed to answering your questions about business law and corporate compliance matters in Orange County.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.