Top Legal Stories You Might Have Missed
In some recent blog articles, we discussed:

  • How to mitigate risks of being sued for negligent hiring;
  • The use of Buy-Sell Agreements for professional corporations;
  • Changes in shareholder inspection rights under California law;
  • Whether you can void a contract by claiming you were too drunk to sign it; and
  • How classes of stock can be used to alter the control of a corporation.

Read all my articles at https://sdcorporatelaw.com/blog/

Please enjoy the articles below and feel free to contact me for a consultation when you require legal counsel.
If your San Diego business has employees, there is always the risk of being sued because of actions taken by those employees. The legal concept of respondeat superior dictates that an employer is usually responsible for the negligent acts of its employees. Negligent hiring, on the other hand, is a claim that the employer itself committed negligence in hiring or retaining the employee...

While Buy-Sell Agreements are incredibly valuable tools for any small business to have, they are particularly important for professional corporations. The best time to have a Buy-Sell Agreement drafted for your California professional corporation is in the beginning, after the corporation is formed and often before the corporation begins doing business. Not only is this usually a time when all...

Under the California Corporations Code, San Diego corporations are required to allow inspection of “accounting books, records and minutes” by shareholders of the corporation. See Cal. Corp. Code, § 1601(a). This right to inspect is one of several rights that flow from being a shareholder. Another example is the right to a proportional share of dividends and other profit...

The parties to a contract must have “capacity” to enter a contract which means, among other things, that the parties must have had the mental ability to understand that they are undertaking legal obligations. See Cal. Civil Code, § 1556 (“All persons are capable of contracting, except minors, persons of unsound mind, and persons deprived of civil rights.”) A recent case from Nevada...

On July 26, 2018, Facebook, Inc. lost nearly $120 billion in market capitalization value as stock prices plunged more than 19%. According to news reports, that was the largest total single-day drop in market value ever recorded. See here. As a result, activist investors have intensified their efforts to force a change in the governance...

(p) 858.483.9200 | (f) 858.605.6766 | leonard@sdcorporatelaw.com | www.sdcorporatelaw.com
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