Jump to Navigation

Orange County Business & Commercial Law Blog

A few steps can help generate business transactions from zero

When people think about building a business, the idea of becoming an entrepreneur can be exciting and motivating. However, starting at zero can be overwhelming. A few steps can help people who wish to become their own bosses and manage their own business transactions to launch their dream businesses in California.

First, it is essential for an aspiring business owner to research his or her market. It is also important to establish a financial goal that is tangible, which includes figuring out what one needs to achieve each day in order to reach a financial goal. It is also wise to develop a website with credible and shareable content that showcases one's skills, service or product.

Several technology companies profiting from business transactions

Entrepreneurship remains an alluring prospect for many of California's workers for multiple reasons. Being a business owner often seems more exciting than working at a traditional job, and the idea of making an unlimited amount of income is enticing as well. Getting one's business to stand out from the competition and remain profitable in its business transactions, however, can be tricky. Still, several new business startups in the technology sector are attracting attention and appear to be drastically changing their respective industries.

One business that is drawing attention is Mixpanel, which helps companies to figure out exactly what visitors to their websites are doing. It has raised $77 million so far and has about 3,000 customers. Yet another company that is doing well is Slack, which has already raised $180 million. Slack is a chat room designed for workers and currently has more than 365,000 users.

Planning can help entrepreneurs succeed in business transactions

For those who long to have more control over their lives and do work they love, starting a business may be a highly appealing work option. The idea of becoming an entrepreneur in California, however, can be daunting and overwhelming because of the risk involved. A few tips may help aspiring business owners to engage in business transactions that are both profitable and enjoyable.

It is important that people choose their own adventures, following their passions. This may include starting a chocolate shop or even an alpaca farm, for example. If a person is already working a full-time job elsewhere, the individual may simply want to pursue his or her passion part-time at first.

Alleged trademark infringement at center of business litigation

After a person has worked hard to build a brand in California, becoming a victim of trademark infringement can feel like a slap in the face. When another company infringes on one's trademark, the other company's actions may negatively impact one's image and bottom line. One current business litigation case in another state involves an allegation of trademark infringement.

A business that promotes obstacle course challenges has filed a lawsuit against an individual who hosts the same types of races but offers a children's version of them. The company filing the suit, Tough Mudder Inc., organizes challenges that cover distances of 10 to 12 miles and take place globally. It claims that the man who it is suing is committing trademark infringement and causing damage to the Tough Mudder brand by utilizing the similar name of Mini Mudder when promoting his own challenges.

Business transactions by entrepreneurs may increase

Although starting a business in California is often viewed as an exhilarating and life-changing experience, it can also be time consuming and risky. Even with the risks, now appears to be an ideal time economically to launch the new business one has always dreamed of creating. Several trends are encouraging people in America to finally embark on business transactions as entrepreneurs.

First, optimism among small business owners is currently the highest it has been in eight years. Owners of small businesses are feeling optimistic about the modern economy with many even considering adding to their staff. In addition, small businesses happen to be leading America's economic recovery, adding a whopping 1 million workers in 2014. Companies with between 20 and 50 employees appear to be fairing the best in the current business environment.

1 auction company sues another in business litigation case

The goal of any business in California is to offer a unique, profitable service or product -- one that makes the company stand out in the minds of customers. If another company tries to use a name that resembles that of the business and tries to offer the same type of product or service, however, this can cause confusion and negatively impact the company's bottom line. In one out-of-state business litigation case, a provider of auction services has decided to file a suit against another company it claims has committed trademark infringement.

The auction services company that has filed the lawsuit -- Great Gatsby -- is located in the southern part of the United States. The business claims that another auctioneer located in the northeastern part of the country is inappropriately using a similar name. However, the other auctioneer said it had no desire to have a connection to the southern auction house and simply named its own company after the famous American novel. In fact, it said it sells different types of antiques than the southern company does. It markets Asian antiques, while the company filing the suit sells European and American items.

TekDry to facilitate business transactions involving wet phones

Some people in California have had the unfortunate experience of dropping their phones in water, whether in the toilet or at the beach. One company in another state is trying to address the problem of waterlogged phones through a new machine designed to revive these phones. The company's number of business transactions is expected to grow nationwide.

TekDry was founded by students with master's degrees in business. The founders have patented their new technology and are currently testing their retail strategy in one store with the hopes of leasing it to electronics stores throughout the country. Their goal, essentially, is to help rescue consumers' wet electronics, saving data and devices that otherwise would be ruined.

Business transactions possible through various funding sources

Starting a business is a common dream among people in the United States, including those in California. However, after coming up with a stellar idea and writing a strong business plan, many budding entrepreneurs hit a roadblock before starting to engage in business transactions. That roadblock is more often than not financial in nature. However, people with small businesses have a few different options for securing the money necessary to grow their ventures.

A traditional way of acquiring business funding is to rely on banks. However, banks are sometimes reluctant to lend money to a new entrepreneur. Other avenues include pursuing funds from venture investors or asking relatives for financial support.

Business litigation case involves breach of contract

Most people in California would "have a cow" if they felt they were being cheated financially; one man in another state is no exception. In a case involving breach of contract, this man decided to sue his business partners after they had worked together to raise cattle; however, his partners reportedly sold about 100 cattle yet failed to pay him his share of the revenue. People who believe that a contract into which they have entered has been illegally violated have the right to pursue business litigation.

In this out-of-state case, the man said he had verbally agreed with three men that he would provide water and land fencing for cows, and that they would provide the cattle. They reportedly also agreed that the man would receive a quarter of all sales of cattle. The man said that one of the business partners, however, ended up transferring his own 25 percent in their contract to him, after suspecting the other partners of not following the agreement.

12-year-old oversees business transactions at his own company

Entrepreneurship has a twofold benefit in California. The business owner may embrace the idea of being able to do the work he or she enjoys, and the customer benefits by having a real need met through the entrepreneur's product or service. One recent entrepreneur is already facilitating business transactions at just 12 years old, thus demonstrating that age does not have to be a barrier to pursuing the dream of starting a new business.

In this out-of-state case, the boy -- who is in sixth grade -- started a company last year that offers products known as Freeeez-Out Covers. These products are designed to cover sprinkler backflow valves in order to prevent pipes from freezing, which can cause them to break. Replacing a valve can cost between $175 and $250.

Subscribe to this blog’s feed FindLaw Network

Send us an Email

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

Follow us

Contact Us Today

Law Offices of Kermit D. Marsh
9550 Warner Avenue, Suite 250
Fountain Valley, CA 92708

Phone: 714-475-1446
Toll free: 800-839-5214
Fax: 714-593-2399
Fountain Valley Law Office Map

Representing Clients Throughout California

Located in Fountain Valley, California, the Law Offices of Kermit D. Marsh serves Orange County and the greater L.A. area, including Huntington Beach, Westminster, Costa Mesa, Newport Beach, Irvine, Anaheim, Garden Grove, Santa Ana, Fullerton, Placentia, Yorba Linda, Cypress, Orange, Mission Viejo, Lake Forest, Los Angeles County, Riverside County and San Bernardino County.