• Standby Letters of Credit – What are They and What Should They Contain?

    By:  Serge Filatov, Esq. Standby letters of credit are irrevocable agreements for the payment of money.  They function like guarantees of obligations and are usually provided by a bank for the benefit of a beneficiary.  Standby letters of credit are governed by Article 5 of the Uniform Commercial Code (UCC), which in California is found […]

  • Reverse Veil Piercing: Another Reason to Pay Your Bills

    By: Tamara B. Pow, Esq . A recent California Court of Appeals case ( Curci Investments, LLC v. Baldwin ) means California LLC assets could be at risk for a member’s personal liability. Baldwin borrowed $5.5 million from an investment firm, as a predecessor to Curci Investments Inc. (“Curci”). Fast forward three years to the […]

  • Business Contracts – Beware of Third Party Beneficiaries -They May Not Be Missing Persons

    By: Robert Hawn As a business attorney with a Silicon Valley practice, I create a lot of contracts for many different kinds of companies. It never gets boring! One of the issues we sometimes worry about is whether there are any other parties that might have rights under these contracts. This concept, which lawyers refer […]

  • 2016 Standard Mileage Reimbursement Rates

    By: Tamara Pow IRS Announces 2016 Standard Mileage Reimbursement Rates The Internal Revenue Service has issued the 2016 optional standard mileage rates ( IR-2015-137, Dec. 17, 2015 ): As of January 1, 2016, the rates for the use of a car, van, pickup or panel truck will be: 54 cents per mile for business miles […]

  • Show Me The Money – And Start With Your Revenue!

    By: Jack Easterbrook Technology lenders, asset based lenders, commercial lenders and factors always pay attention to a borrower’s revenue line – obviously the revenue line is critical for determining the income of the company and the amount and quality of the accounts receivable and contracts receivable collateral that will be available to secure a line […]

  • Capital Structure For Start-Ups: Part 2

    By: Robert Hawn As a business lawyer in the Silicon Valley area of California, I find that one of the most important issues founders of a high tech start-up company have to consider is its ownership, or capital structure. As you grow your company, it is important to understand your percentage ownership of the company. […]

  • Sole Proprietorship – Is it right for me?

    By: Serge Filatov Many people here in San Jose and Silicon Valley have a dream of starting their own small business. Small business owners that are just starting out often come to me and ask if they can simply run their business as a sole proprietor to save on the cost of forming and maintaining […]

  • Capital Structure For Start-Ups: Part I

    By: Robert V. Hawn As a corporate attorney in San Jose, California, I help a lot of high tech start-up companies get up and running. One of the major decisions that requires a lot of time and discussion is how the new corporation should set up its capital structure. In this series of blogs, I […]

  • Understanding the Benefits of Incorporating Your Business

    Becoming an incorporated business has many advantages, including liability protection and ease of growth and transferability. However, incorporating a business requires payment of state franchise taxes, and fees to other professionals including attorneys and CPAs. If you are interested in incorporating your business, a corporate lawyer in San Jose can help you understand whether the […]