${site.data.firmName}${SEMFirmNameAlt}
Call Our Firm For Personal Attention And One-On-One Advice
661-215-4980

Kern County Business & Commerical Law Blog

Take time to understand real estate transactions

When you think about it, real estate transactions are some of the biggest deals that many people will face in the course of their lifetime. Even if this isn't the biggest deal for your business, a bad real estate transaction can still be devastating to the business. With this in mind, it is imperative that you take the time you need to review the transaction to ensure you understand each and every term.

Some real estate transactions, such as a commercial lease, come with some very specific terms that can impact your business. You need to look at the lease payment details. Do the payments remain consistent? Are there any additional payments based on the volume of business? What kinds of expenses are you responsible for paying? Are there any restrictions?

Understand some basic commercial lease terms

Commercial leases contain clauses and terms that other leases don't have. If you are looking for a place to lease for your company, make sure you understand these common lease terms.

The Americans with Disabilities Act (ADA) sets the standards for accessibility for commercial establishments. Per the law, the burden of ensuring compliance with this act falls on the commercial tenant and the landlord. Make sure that you read over the lease thoroughly to ensure that you understand your responsibilities.

Make your estate plan by carefully considering these decisions

Estate planning is something that can help your family feel more put together when you pass away. It doesn't matter how old you are right now, today is the best day to get your plan together. Many people don't realize that you need an estate plan even if you don't have high value assets.

We understand the temptation to put off making your estate planning process. The fact here is that most people don't find this subject pleasant; however, getting this plan together doesn't have to be difficult. We are here to help walk you through the decisions you have to make.

3 B's for starting your business

As a creative and driven individual, you likely have had the idea of starting your own business for some time. However, you may not have known where exactly to begin in terms of getting the ball rolling on this venture. Because you undoubtedly want your business to succeed, starting out on the right foot could help ensure that you and your company thrive in the manner you find most fitting.

If you have the determination to create and run your business, you could already have what it takes to succeed. However, you will also need to ensure that you get the legality and business aspects of your venture right, or you could face serious setbacks.

Think carefully about your estate plan's components

Your estate plan is meant to make life easier for your loved ones when you pass away. The benefit doesn't end there. You might find that you can rest easier when you know that these plans are made. You should make sure that you think carefully about each aspect of the estate plan.

One of the things that you have to realize about setting up your estate plan is that you need to minimize the amount of money the estate has to give away. Remember, the government is going to want to collect taxes on estates that are valued at more than a specific amount. The estate tax is large and can cut a chunk out of what your loved ones end up with if you don't take steps now, such as setting up trusts or handing out allowable gifts.

Find out how environmental laws might affect your business

There are many different things that you have to think about when you own a business. It is necessary that you ensure that your business is in compliance with these laws so that you aren't having to deal with legal battles due to noncompliance. Failing to comply with these laws could lead to lengthy legal battles, which could take your focus off of your business.

In our previous blog post, we discussed how environmental laws are changing. This makes it very difficult to ensure compliance because you can't spend every waking moment studying the changes. We know that you don't have time to waste, so we can help you learn about what you need to do due to changes in the law.

Changing environmental laws are hard to keep up with

Making sure that your company is in compliance with applicable environmental laws is one thing that is crucial to avoid having to deal with legal issues. This is often difficult because of the rapid pace at which laws seem to be changing lately.

Recently, there are changes on the horizon on the federal and state levels for anyone with environmental law compliance requirements. On the federal level, the House of Representatives recently passed a law that could make it difficult to impossible for California to enforce the water laws.

Work on keeping your business' interests protected

The things that you have to think about when you are starting or expanding a business can take up a lot of your time. You don't have time to waste if you are ready to get things moving for your company.

Recently, we discussed one of the decisions that you might have to make -- whether to buy or lease the location you want for your business. This decision can have a huge impact on the financial health of your business, so make sure that you think carefully about each and every point regarding this decision.

Is mold making your tenants sick?

Your role as a property owner includes many tasks, such as collecting rent, repairing damage and addressing complaints from your tenants. Keeping your property safe and habitable may seem like an endless job, but if owning rental property has been your goal, you may enjoy the challenge.

While you may deal with many problems stemming from your tenants and the neighborhood where your property stands, one issues you may struggle with is the presence of mold in your building. Toxic mold is a hot-button issue with lawmakers, and California is a trendsetting state when it comes to regulating and mitigating mold in residential properties. From a tenant's point of view, that ensures a safer living environment. From a landlord's point of view, you have a lot to worry about.

Deciding whether to lease or purchase property for your business

As a business owner, you are expected to make decisions that are best for the business. One of these decisions is whether you need to purchase a property or a lease a property. There are some very specific things that you need to think about when you are ready to make this decision.

One thing that you need to think about is how much cash you can put toward a property. Typically, buying a property will come with more expenses than leasing one. Even if the monthly lease payment is higher than a loan payment, other costs will quickly add up. Also, rent is a deductible expense for your business.

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

Brumfield & Hagan, LLP
2031 F Street
Bakersfield, CA 93301

Phone: 661-215-4980
Fax: 661-215-4989
Map & Directions