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Business legal services in Silicon Valley

Startups See Opportunity Across California

On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Business Formation & Planning on Thursday, July 26, 2012.

Until recently, the startup word was dominated by those who resided in the San Francisco area. With companies such as Google and Facebook originating in the Northern California Bay area, it was no mystery why many entrepreneurs looked to that area as the place to commence their business planning for their own startup company. However, recently many entrepreneurs have begun to spring their business ideas in a totally different venue — the sunny beaches of the greater Los Angeles area.

The appeal of the Southern California area is simple for many startups. The location offers cheaper rent, better weather and miles of sunny beaches that draw in a diverse range of individuals. As a result of this appeal, a majority of the startups in the area are within two blocks of the beach, creating a vast network of individuals looking to become the next startup success story.

The growing popularity has caught the eyes of many Northern California-based companies including search engine giant Google. Recently Google purchased a popular Venice building in an effort to capture the momentum of the growing Southern California technology market. Google has stated that their movement into the area is to turn the nation’s second largest city into “a veritable tech center.”

There are an abundance of dreams that are being constructed in the minds of many tech-oriented entrepreneurs in California. It is becoming more evident than ever before that both the business planning and execution of that plan can occur in the booming Southern California area. With the appeal of Los Angeles and the growing number of like-minded people striving for success within that geographical locale, the dream can finally be a reality for more than just a select few.

Source: Delaware Online, “Life’s a beach for tech hotbed,” Jefferson Graham, July 22, 2012

Business Formation & Planning, business location, Business Startup, getting started, startups

Business legal services in Silicon Valley

It Takes Time to Organize a Successful Business Merger

On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Mergers & Acquisitions on Thursday, May 17, 2012.

Businesses make use of a number of strategies to expand or diversify their business. One of these strategies is a business merger, which brings two or more businesses together as one. In many cases, a business merger occurs when one business is to the point where they need to sell their business because they simply cannot afford to continue running it. However, this isn’t always the case, such as with a recent merger of two businesses in California.

Westinghouse Solar Inc., out of San Jose, and CBD Energy Inc, from out of the country, have announced a business merger as of May 9. The merger, which was approved by both companies’ board of directors, will take effect sometime within the third quarter of this year. It will take place after certain conditions regarding closing have been met and once all shareholders have approved the transaction.

A business merger is not something that occurs overnight. It took several months for these two companies to come to agreement on merger conditions. However, it can often take longer than a few months for two companies to find an agreement that is substantially beneficial for both companies. There are numerous meetings, discussions and it takes incredibly hard work to make a business merger really work.

Understandably, problems can arise with a business merger. Therefore, it is often beneficial to understand one’s rights under California law to ensure they are protected both as an individual and as a business. After months of hard work, a business merger that fails can be devastating. By taking steps to ensure success, a business merger can likely be obtained quickly, efficiently and equally beneficial for every party involved in the transaction.

Source: Market Watch, “Westinghouse Solar and CBD Energy Sign Definitive Merger Agreement,” May 9, 2012

Business Formation & Planning, Business Law, California, Mergers