Jump to Navigation

Orange County Business & Commercial Law Blog

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.

2015 appears to be ideal year to engage in business transactions

A New Year's resolution for some individuals in California may be to finally launch the business they have always dreamed of starting. After all, entrepreneurship offers perks such as the ability to essentially be one's own boss and potentially earn more money than a traditional wage job might pay. Now appears to be an ideal time to begin engaging in business transactions for multiple reasons.

First, the economy is considered robust, and consumer confidence is high. Evidence of this is the fact that the Dow Jones recently reached 18,000 -- its first time in history. Aspiring business owners may be wise to take full advantage of today's positive economic situation by finalizing business plans and jumping into the market.

Lawsuit involves intellectual property rights tied to music

Those who enjoy music in California are likely familiar with the unique sounds of fan-generating artists such as Michael Jackson and Stevie Nicks. However, a broadcast music company in an out-of-state case is not a fan of one restaurant that has been playing these artists' music. The broadcast company recently filed a lawsuit against the Italian eatery, claiming that the restaurant was playing the music illegally, thus violating laws related to intellectual property rights.

The music at the center of the lawsuit includes songs by Jackson, Nicks and Willie Nelson. According to the suit, the broadcast company known as Broadcast Music Inc. licenses public performance-related rights for more than eight million musical compositions that have been copyrighted. Many other plaintiffs have joined the suit, including Sony and Concord Music Group.

Business transactions for KeyMe expected to grow in number

Many people in California have likely had the experience of locking themselves out of their cars. One company in another state, called KeyMe, provides key replacements in digital form. The company's business transactions are expected to grow as the business, which now operates in convenience shops and has 10 kiosks, expands to 100 kiosks by late 2015.

The company exists because car owners who need new keys currently pay anywhere from $200 to $400 for new keys from a dealership. KeyMe provides digital keys at prices between $20 and $60. The price depends on whether a traditional key or an electronic one needs replacing.

Overcoming fear can lead to successful business transactions

Becoming an entrepreneur in California may enable a person to feel a sense of freedom he or she has never experienced as a traditional employee. However, hiring workers and engaging in business transactions for the first time can be a daunting task. A few tips may help budding entrepreneurs to overcome their fears when starting a new venture.

First, it may help to read literature by a successful entrepreneur who has achieved what one would personally like to accomplish. This may give a new business person the confidence he or she needs to keep moving toward his or her established goal. In addition, even if new entrepreneurs do not know everything there is to know about their fields, they can continue researching their services or product areas and commit themselves to excellence.

Subscribe to this blog’s feed FindLaw Network

Send us an Email

Bold labels are required.

Contact Information

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.


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.