Attorney Search Network - Orange County Lawyer works alongside
several Orange County business attorneys and law firms who have experience
and expertise in dealing with all business issues (Litigation, contracts, non-profit organizations,
and more) and are committed to providing the highest quality
of competent legal representation. If you are looking for
qualified Orange County Business Lawyer, contact us today
at (800) 475-6068 or fill out our “Find
an Orange County Lawyer” form. A qualified Orange
County business lawyer can help relieve some of the stress
brought on by your case.
Business law monitors and comments on the Securities and
Exchange Commission (SEC) and Department of Corporations legislative
and regulatory developments.
The following are explanations of select subjects included
in business law and handled by our Orange County business
attorneys:
Non-profit
Organizations
(found within Business Law
provisions)
A non-profit organization is an association integrated under
state laws and approved by both the state's Secretary of State
and its taxing authoritbusinesss operating for educational,
charitable, social, religious, civic or humanitarian purposes.
The incorporators, directors and officers of the organization
may not receive a distribution of any money from profits,
but officers and management may be paid reasonable salaries
for services to the corporation. Upon dissolution of a nonprofit
corporation its assets must be distributed to an organization
existing for similar purposes. In order for contributions
to the corporation to be deductible as charitable gifts on
federal income taxes, the corporation must submit a detailed
application for an Internal Revenue Service ruling that it
is established for one of the specific nonprofit purposes
spelled out in the Internal Revenue Code.
Contracts
(found within Business Law provisions)
A contract is an agreement with specific terms between two
or more persons or entities in which there is a promise to
do something in return for a consideration. The existence
of a contract requires finding the following factual elements:
a) an offer; b) an acceptance of that offer which results
in a meeting of the minds; c) a promise to perform; d) a valuable
consideration (which can be a promise or payment in some form);
e) a time or event when performance must be made (meet commitments);
f) terms and conditions for performance, including fulfilling
promises; g) performance, if the contract is "unilateral".
A unilateral contract is one in which there is a promise to
pay or give other consideration in return for actual performance.
A "bilateral contract" is one in which a promise
is exchanged for a promise. Contracts can be either written
or oral, but oral contracts are more difficult to prove and
in most jurisdictions the time to sue on the contract is shorter
(such as two years for oral compared to four years for written).
In some cases a contract can consist of several documents,
such as a series of letters, orders, offers and counteroffers.
There are a variety of types of contracts: "conditional"
on an event occurring; "joint and several," in which
several parties make a joint promise to perform, but each
is responsible; "implied," in which the courts will
determine there is a contract based on the circumstances.
Parties can contract to supply all of another's requirements,
buy all the products made, or enter into an option to renew
a contract. Contracts for illegal purposes are not enforceable
at law.
All of our Orange County business attorneys
and law firms are members in good standing of the California
Bar Association and have been subject to our pre-screening
process so that we may provide you with the best help possible.
To get referred to qualified Orange County business lawyers
CALL US at (800) 475-6068
or fill out our
FIND AN ORANGE COUNTY LAWYER FORM
