Choosing smarts over luck with nonprofit raffles
Dear Mary, I am a member of a nonprofit that organizes a raffle every year. We sell tickets to people for $1 each, and they can win donated prizes. We make a good amount of money from the raffle that supports our group throughout the year. Recently, someone made a comment that it might not be […]
Read MoreSick of sick leave
Dear Mary, I’m hiring my first team of employees and I’m not sure how to set up vacation leave and sick leave. I read about “Paid Time Off” and it sounds like it might be a better fit. Can you explain the difference? Which is a better system for my business? Let’s start with sick leave. […]
Read MoreMeet the New “Hybrid” Corporations!
Dear Mary, I heard that there are some new kinds of “low-profit” business entities that are kind of like nonprofits and kind of like for-profit corporations. What are they? What’s the benefit of using them? As of Jan. 1, there are two new forms of business entities in California: the Flexible Purpose Corporation and the Benefit […]
Read MoreGambling with your liability
Dear Mary, I had an IT guy working on my business computers for years, and now I have discovered that there are porn sites, gambling sites, illicit emails and other suspicious things that I did not place on my computers. Can I be liable for this stuff? A good place to start is to review your […]
Read MoreNow you’re a director
Dear Mary, I read your article a month ago about being on a board, and after careful consideration, I have agreed to be on a company’s board of directors. What do I need to do now? Corporate directors’ fiduciary responsibilities include due care, diligence and prudence. Fulfilling your obligations as a director begins with getting a […]
Read MoreWhen to provide a warranty and when not to
Dear Mary, I am in the process of developing and marketing a very exciting product, which will become a common household item. Should I put a written warranty on the product? Are there different kinds of warranties? There are three types of warranties: express, implied and statutory. All warranties relate to the character, quality, identity, condition […]
Read MoreJoining a board
Dear Mary, I have been asked to join the board of directors of a company. I have no idea what that entails. What questions should I ask before becoming a director? Should I be worried about personal liability? The most important thing to consider when thinking about becoming a director is the company itself. Is the […]
Read MoreCommercial leasing
Dear Mary, I’m starting a new business and need to rent retail space. What do I need to know? Renting a commercial space is much different than renting a residential space. The most important part of renting a commercial space is, of course, the lease. The lease is a contract between the landlord and the tenant, […]
Read MoreDebt Collection
Dear Mary, I have a small business, and a year or so ago I loaned a friend some money. Things are tight and I really need to get paid back. We’re no longer friends and I’ve sent him letters demanding the money back, which have been ignored. Is my next step hiring an attorney? There are […]
Read MoreHiring a Minor
Dear Mary, My youngest daughter wants an after-school job. I have a small business and I’d love to have her come work for me a few hours a week. What do I need to know about hiring a minor? It all depends on your daughter’s age and what kind of business you have. There are […]
Read MoreCategories
- About the Firm (1)
- Blog (89)
- Press (5)