Business Litigation

Are you frustrated because a judgment you won isn’t paying out? At Abir Cohen Treyzon Salo, LLP, we know how to collect on judgments and turn your verdict into cash that is rightfully yours and your clients’ money. Our track record speaks for itself, as we have a demonstrable success rate in enforcing and collecting judgments.

We understand that judgment debtors use various schemes to hide their assets, such as transferring them to another business entity, individual, or offshore accounts. However, we have the expertise to follow the money and seize opportunities uncovered through our relationships with skilled investigators and process services.

Our team of debt collection attorneys and support staff knows how to navigate the court system and employ aggressive and effective legal processes and debt collection methods to keep outside case costs low. Additionally, we utilize media interest in high-profile debtors, which has been successful in many of our cases. Our success stories can be found in various reputable publications, such as TMZ, The Los Angeles Times, and People Magazine.

At Abir Cohen Treyzon Salo, LLP, we are committed to reaching successful collection resolutions for our clients. Our Los Angeles Judgment Collection Lawyers have the skill and experience necessary to help you. Contact us today at 833-ACTS-LAW or online to learn more about how we can help you collect on your judgment. We have offices conveniently located in Los Angeles and San Diego, California, and proudly serve clients throughout the state.

Contracts are a crucial aspect of any business, as they set forth the obligations of the parties involved. However, despite careful drafting, unforeseen events such as financial problems, delays, and other unexpected circumstances can impede the execution of these agreements. When one party fails to fulfill their obligations under the contract, it is considered a breach of contract.

There are two types of breaches: material and immaterial. A material breach goes to the heart of the agreement, defeating its entire purpose. An example of this could be a seller who agreed to sell a specific house to a buyer but offers a different house instead on the day of closing. In contrast, an immaterial breach does not affect the primary purpose of the contract and involves the failure to fulfill a minor contractual duty.

If a breach of contract occurs, the aggrieved party has legal options available. To build a successful case, the plaintiff must prove that a contract existed, that it was broken, that they suffered a financial loss, and that the defendant was responsible for the loss. Additionally, the contract must be enforceable and follow a set formula for goods or services to be exchanged. However, even contracts that were never formally executed can be enforceable in certain circumstances.

To avoid breach of contract disputes, parties should take the time to carefully draft and review contracts before signing. Contracts may also have clauses that outline what constitutes a material breach and other pertinent provisions.

If a breach of contract does occur, there are several legal remedies available. The plaintiff may seek damages, such as restitution or return of any advance payments, or sue the other party to compel performance.

At Abir Cohen Treyzon Salo, LLP, our experienced Los Angeles business attorneys can provide effective legal guidance for breach of contract disputes. We serve clients throughout San Diego and Los Angeles, California, and offer free case evaluations. Contact us at 833-ACTS-LAW or fill out our online form today to schedule a consultation.

Are you unsure about the concept of fiduciary duty? Fiduciary relationships exist when one party is duty-bound to act in the best interests of another party. In California, fiduciary relationships are defined as any relation between two parties to a transaction, with one party being bound to act with the utmost good faith for the benefit of the other. When a breach of fiduciary duty occurs, the party who breaks their obligation may be held liable for damages incurred.

Fiduciary relationships are common in various industries and job settings. For instance, an attorney and client have a fiduciary relationship, as do a company and its shareholders. In these relationships, beneficiaries depend on a person or agency to always make decisions for their benefit.

Identifying and proving a breach of fiduciary duty is more complex than proving a breach of contract. The added component of loyalty and trust implicit in these relationships makes a breach of fiduciary duty even more serious. If you were harmed financially or legally by a professional or company you trusted to make good decisions on your behalf, you may have a claim for breach of fiduciary duty.

If you suspect a breach of fiduciary duty, contact a skilled business attorney to evaluate your case. They will assess whether a fiduciary relationship existed, whether the defendant breached their duty, and whether that breach caused you harm.

Under California law, a plaintiff can claim compensatory damages for all the ways a breach has impacted their business or livelihood. Punitive damages may also be possible to punish the defendant and discourage such practices. Your attorney will help you evaluate your case and assess potential damages.

At Abir Cohen Treyzon Salo, LLP, we skillfully resolve complex business disputes, including breach of fiduciary duty claims. If you suspect a breach of fiduciary duty, our experienced Los Angeles business attorneys can help you. Contact us online or call us at 833-ACTS-LAW to schedule a free initial consultation. We serve clients throughout California from our Los Angeles and San Diego offices.

Looking for assistance with corporate dissolution in California? Our experienced team of business attorneys can help you efficiently dissolve your corporation, protecting stakeholders from potential personal liability and ensuring that the corporation is formally dissolved in the eyes of the state. Here are the steps involved in dissolving a corporation in California.

Consent Requirements

Under California General Corporation Law (GCL), shareholders with at least 50% of the voting power may vote for voluntary dissolution. Typically, the shareholders will vote on a proposal to dissolve, which is presented by the board of directors at a formal meeting. If the vote for dissolution is unanimous, there is no need to file anything with the Secretary of State (SOS).

When the vote is not unanimous, prompt notice must be given to the dissenting shareholders, and those seeking dissolution must file a Certificate of Election to Wind Up and Dissolve with the SOS. This certificate must be executed by a shareholder who was authorized to do so by the shareholders representing at least 50% of the voting power. It must also contain a statement of intention to wind up and dissolve, along with a statement of the number of shares representing at least 50% of the voting power, voting for the election to wind up and dissolve.

Wind Up and Dissolution

Once dissolution has been approved, the board may wind up the affairs of the company by paying or making provisions for payment of all debts and liabilities and distributing any remaining assets. Written notice of the wind-up must be given to all known creditors, claimants, and shareholders who did not vote in favor of dissolution. Once the process of winding up is complete, a Certificate of Dissolution must be filed with the SOS. If all necessary documents, including the Certificate of Election to Wind Up and Dissolve and the Certificate of Dissolution, are completed thoroughly and filed in a timely manner, our business attorneys will ensure a smooth process.

Short Form Certificate of Dissolution

SOS processing times vary; however, it typically takes at least eight weeks for a corporate dissolution to become final. California corporations may file a Short Form Dissolution Certificate in lieu of the Certificate of Dissolution if they meet specific requirements, including:

• Registered as a business in California within the last 12 months
• Have no debts or liabilities except tax liability, which will be satisfied or assumed
• Final tax returns have been, or will be, filed with the California Franchise Tax Board
• Conducted no business since the date of registration
• Issued no shares, and any payments from investors received have been returned
• Corporation is dissolved
• There are either no known assets, or all assets have been distributed

Voluntary Administrative Dissolution

California corporations and limited liability companies may request voluntary administrative dissolution or cancellation. One of the primary benefits of filing for voluntary administrative dissolution is that corporations are not required to pay the annual franchise tax, interest, or penalties for years in which it did not do business. To qualify, a business must either:

• Have never done business in California, or
• Ceased doing business in California and filed all required income tax returns for the years in which it was doing business

Tax Liabilities

Unless voluntary administrative dissolution is granted, a corporation will not be formally dissolved until the final tax return has been filed with the California Franchise Tax Board. Although tax clearance is not required prior to filing for dissolution, filers must affirm on their Certificate of Dissolution that they have either filed, or will file, a final franchise tax return.

For a free consultation with our Los Angeles business attorneys at Abir Cohen Treyzon Salo, LLP, please complete our online contact form or call us today at 833-ACTS-LAW. We represent clients throughout California from our offices in Los Angeles and San Diego.

A fiduciary relationship is a legal relationship in which one person or entity is entrusted with another’s assets or interests and is expected to act in the best interests of the other party. This type of relationship is governed by certain laws, and breaching fiduciary duty can have significant consequences.

Fiduciary relationships exist in various industries and job settings, including in legal and financial fields. Attorneys and clients, accountants and their clients, and business partners are examples of relationships that fall under this category. In each case, one party has an obligation to act in the other’s best interests.

Identifying and Proving a Breach of Fiduciary Duty

Proving a breach of fiduciary duty can be challenging as these relationships are more complex than simple employer-employee relationships. They involve a high degree of trust, and the beneficiary often relies on the fiduciary to make decisions that will benefit them. If you believe that someone you trusted has breached their fiduciary duty, you should contact an experienced business attorney to evaluate your case.

Your attorney will assess the facts and circumstances of the relationship to determine whether there was a fiduciary duty and whether the other party breached that duty. They will also evaluate the damages that you may be entitled to if the breach caused harm. In California, plaintiffs can seek compensatory and punitive damages in a breach of fiduciary duty case.

Working with a Skilled Business Attorney

If you are facing a breach of fiduciary duty claim, or if you believe that someone has breached their fiduciary duty to you, it is crucial to work with a skilled business attorney. The business attorneys at Abir Cohen Treyzon Salo, LLP have extensive experience handling complex business disputes, including those involving breach of fiduciary duty. We will work tirelessly to protect your interests and help you recover the damages you deserve.

Contact us today at 833-ACTS-LAW or online to schedule a free initial consultation. Our attorneys are located in Los Angeles and San Diego and serve clients throughout California.