Articles Posted in Business Law & Compliance

Selling your ownership interest to an existing partner or co-owner is a buyout, but the legal process depends on your business structure and governing documents. A partnership interest, LLC membership interest, and corporate shares can each involve different transfer rules, approval requirements, and buyout terms. Before agreeing to a price or signing a buyout agreement,…

Selling a business in California involves far more than finding a buyer and signing a purchase agreement. The way you structure the sale can affect what transfers, which liabilities remain with you, how contracts and licenses are handled, and what obligations continue after closing. Before you accept an offer or sign a letter of intent,…

When two or more people run a business together, California law treats them as more than co-owners. They are fiduciaries to one another, meaning each partner is legally required to put the interests of the partnership ahead of personal gain. A breach of fiduciary duty happens when a partner crosses that line and acts in…

When a corporation is harmed by the people running it, the corporation itself has the right to sue. But directors rarely vote to sue themselves. A shareholder derivative action solves that problem by letting a shareholder step in and bring the claim on the corporation’s behalf. It is one of the most important tools California…

Registering a business in California is not one form. It is a sequence of decisions and filings that can include choosing a name, choosing a structure, filing formation documents, getting a tax ID, registering for applicable taxes, and obtaining any required local or industry-specific licenses before you begin operating. What “registering” actually requires also depends…

A warranty is a promise about the quality, performance, or condition of goods that are sold. When that promise turns out to be false, or when the goods fail to meet a standard the law automatically attaches to the sale, the law calls it a breach of warranty. This article focuses on warranties in the…

If you shook hands on a deal and now the other side won’t honor it, the first question is simple: did that agreement need to be in writing in the first place? In California, the answer depends on a law called the Statute of Frauds. Some verbal agreements are fully enforceable. Others may be unenforceable…

Partnership disputes disrupt any business venture, undermining the trust and cooperation founders once shared. At Rokita Law P.C., we recognize each dispute is distinct. We diligently attend to underlying issues and carefully explore possible resolutions. Our office is experienced in understand these challenges often involve financial, contractual, and interpersonal concerns, all of which significantly impact…

Launching a business in California is exciting, but navigating the Golden State’s complex legal landscape can be challenging. As we move through 2025, entrepreneurs face an evolving regulatory environment that requires careful attention to compliance. At Rokita Law P.C., we’ve created this comprehensive legal checklist to help you start your California business on solid legal…

Starting A Fashion Business in Los Angeles: Starting a fashion clothing business in the vibrant and trendsetting city of Los Angeles can be an exciting venture. However, like any business, there are several legal considerations you need to address to ensure your fashion business thrives without legal setbacks. In this blog post, the experienced Los…