Many laws unique to Santa Monica affect local businesses. A business entity operating within Santa Monica 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 Santa Monica concerning how to structure your business.
Business Transactions in Santa Monica
In contracting with consumers and local companies, knowledge of the local business laws in Santa Monica is essential. A contract provides predictability for future transactions, and it helps in avoiding business disputes. However, it must be drafted in compliance with Santa Monica and California law. Under Santa Monica 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 Santa Monica courts.
Business Structure in Santa Monica
If you are starting a business in Santa Monica, 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 Santa Monica, and you should be careful in determining which one is best for your company. If you need to dissolve a business, there are certain requirements the local law imposes. Attorneys practicing Business Law in Santa Monica can ensure everything is done properly.