Insights & Analysis
How to Protect Your Personal Assets as a Business Owner
As a small business owner, the line between personal and professional life often blurs—but without an asset protection plan, everything you’ve built could be at risk. From choosing the right business entity and maintaining corporate formalities to securing insurance and leveraging trusts, there are practical steps to safeguard your personal wealth against lawsuits and creditors. Our attorneys at Apricity Law can help you implement a tailored protection strategy that preserves both your business and personal assets.
What to Include In Your Service Agreement
Small businesses often outsource noncore functions—like accounting, IT, marketing, HR, and customer service—to cut costs and access expertise without hiring in-house staff. But outsourcing is only as effective as the service agreements behind it. Strong contracts set expectations, define responsibilities, and cover key terms such as performance metrics, payment, confidentiality, indemnification, and dispute resolution. Standard contracts usually favor providers, so small business owners should work with legal counsel to tailor agreements for fairness and accountability. At Apricity Law, we help businesses draft, negotiate, and enforce contracts that align with goals and reduce risk.
How to Remove a Member of an LLC
As businesses grow and change, it may become necessary to remove a member from a limited liability company (LLC). While voluntary withdrawals are typically straightforward, involuntary removals can be more complex and contentious. The process depends on the LLC’s operating agreement and applicable state law, which may require a member vote, a negotiated buyout, or even court intervention. Understanding these procedures is critical to ensuring a smooth transition and protecting the company’s future.
Administering an Estate: What Families Should Know
Administering an estate after the death of a loved one involves more than distributing property. From navigating probate or trust administration to handling debts, taxes, and beneficiary disputes, the process requires precision and legal compliance. This article outlines what families should know about estate administration in California and why professional guidance can make the process smoother.
How to Pay Yourself When You Own an LLC
Owning an LLC gives you flexibility in how you get paid—but the rules vary depending on whether you’re taxed as a sole proprietorship, partnership, or corporation. Learn the different ways LLC owners can pay themselves and the tax implications of each.
Top 5 Things to Know About Hiring an Attorney
Hiring an attorney is one of the most important decisions you’ll make. From choosing the right legal specialty to understanding fees and communication, here are the top five things you should know before bringing a lawyer on board.
5 Myths About Living Trusts in California
Many Californians believe living trusts are only for the wealthy or that a will offers the same protection. The truth is, a living trust can save families time, money, and stress—regardless of wealth. In this article, Apricity Law breaks down five of the most common myths about living trusts in California and explains why a trust might be the smartest move for your estate plan.
Personal Guarantees: What They Are and When They Are Required?
New businesses often struggle to secure financing without assets or credit history. A personal guarantee on a business loan can help—but it also puts your personal assets at risk. Before signing, it’s crucial to weigh the benefits against the potential liabilities and ensure your business plan supports success.