Many laws unique to Palo Alto affect local businesses. A business entity operating within Palo Alto must ensure that it complies with all applicable local laws. There may be leases and permits that are required for a business to legally transact in the local area. There are also unique considerations in Palo Alto concerning how to structure your business.
Business Transactions in Palo Alto
In contracting with consumers and local companies, knowledge of the local business laws in Palo Alto is essential. A contract can help you to avoid business disputes in the future, as well as provide predictability for future operations, but it must be drafted according to Palo Alto and California law. Under Palo Alto law, a contract must have certain qualities in order to achieve the intended legal effect. Unique language terms is an aspect of contract law, and this may make the interpretation of some documents difficult. Another concern is that a party to a contract sometimes fails to live up to its end of the bargain. The disputes that result are often settled in local Palo Alto courts.
Business Structure in Palo Alto
If you are starting a business in Palo Alto, you will want to know about the business structures that are available under local law. You may want to organize as a Sole Proprietorship, a Partnership, a Corporation or an LLC. There are advantages and disadvantages of each of these business structures in Palo Alto, and you should be careful in determining which one is best for your company. Local law must also be followed in dissolving a business. Attorneys in Palo Alto can help you in this process.