Business Transaction Law Archives

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Requirement to File Business Beneficial Ownership Information

*UPDATE* US Companies No Longer Required to Report Beneficial Ownership Information Under the Corporate Transparency Act After much back and forth regarding the legality and enforceability of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements,…

James MillaneApril 23, 2025

Business Transaction Law

Navigating Accord and Satisfaction in California: Why Businesses Need Legal Guidance

Accord and satisfaction is a valuable legal tool for resolving disputes in California, especially for businesses in the construction and related industries. However, navigating this doctrine requires a clear understanding of both the legal framework and its practical application. While…

Natasha BuchananFebruary 7, 2025

Business Transaction Law

The Increased Importance of Contract Negotiation in a Pandemic Environment

Nearly every contract is negotiable. The importance of thoroughly reviewing, understanding and negotiating contract terms cannot be understated. However, the importance of contract negotiation has taken on an increased role in our current pandemic environment. The pandemic period has seen…

Colin McCarthyJuly 30, 2021

Business Transaction Law

Protecting Your Mechanic’s Lien Rights When the Owner Files for Bankruptcy

Bankruptcy is a word no one wants to hear, especially when it is filed by the owner of the project. When the owner files bankruptcy it almost always puts a stop to the flow of money and once money stops…

Michael MurraySeptember 4, 2019

Business Transaction Law

Corporate Formalities: Are They Necessary?

‍Many of our clients have us form corporations to shield them from personal liability for their business endeavors. However, courts sometimes find reasons to “pierce the corporate veil" and impose personal liability on company owners and shareholders if the company…

James MillaneMay 14, 2019

Business Transaction Law

Release Bonds: What Are They Good For?

By California statute, those who provide labor, services, equipment, and materials to a construction project are entitled to record a mechanic's lien or serve a stop payment notice. A mechanic's lien affects the owner by "attaching" to the real property…

Lanak & HannaDecember 20, 2018

Business Transaction Law

Succession Planning: Is Your Business Prepared for a Smooth Transition?

By some estimates, family-owned businesses employ 60% of the U.S. workforce and create more than 70% of all new jobs. However, only 30% of family owned business last to the second generation of ownership, and only 12% last to the…

Lanak & HannaDecember 20, 2018

Business Transaction Law legal-terms-laws

Don’t Fall Behind: Maintaining Corporate Formalities

Many small business owners are well aware of the importance and benefits of incorporation. If properly formed and operated, a corporation shields its shareholders from personal liability. A corporation is also treated separately for purposes of taxation, either providing that the corporation…

James MillaneAugust 27, 2018

Business Transaction Law Construction Law

Keys to Getting Paid on Extras Claims: Documentation

Rarely is there a project that does not involve extra work. Whether it be directed by the owner or prime contractor, or arising out of changed conditions, extra work occurs on nearly every project. Generally, contractors are concerned with performing the…

Lanak & HannaMarch 29, 2018

Business Transaction Law

Navigating a Civil Wage and Penalty Assessment on a Public Works Project

In recent years, the Division of Labor Standards Enforcement (“DLSE”) has stepped up the monitoring and investigation of public works projects throughout California and the enforcement of California’s prevailing wage laws. If the DLSE determines that there was a violation…

Lanak & HannaJune 9, 2016

Business Transaction Law

Requirement to File Business Beneficial Ownership Information

Navigating Accord and Satisfaction in California: Why Businesses Need Legal Guidance

The Increased Importance of Contract Negotiation in a Pandemic Environment

Protecting Your Mechanic’s Lien Rights When the Owner Files for Bankruptcy

Corporate Formalities: Are They Necessary?

Release Bonds: What Are They Good For?

Succession Planning: Is Your Business Prepared for a Smooth Transition?

Don’t Fall Behind: Maintaining Corporate Formalities

Keys to Getting Paid on Extras Claims: Documentation

Navigating a Civil Wage and Penalty Assessment on a Public Works Project

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