The Pulse of the News Business What Are the Most Common Legal Challenges for Businesses in California?

What Are the Most Common Legal Challenges for Businesses in California?



INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Tamara Kurtzman.

The Tamara Kurtzman Commentaries

On a recent Price of Business, Host Kevin Price visited with California attorney Tamara Kurtzman.
Starting a new business is exciting, but it can also be daunting. Overall, a little over 20% of private sector businesses in the U.S. fail in the first year. After five years, roughly 48% have faltered. After 10 years, about 65% have closed. California’s numbers are similar to the national average; in California about 14% of private sectors businesses failed within their first year according to the U.S. Bureau of Labor Statistics data as of March 2024; roughly 45% after 5 years, and about 66% after ten years. New businesses fail for various reasons but one of the most overlooked reasons is legal slipups. In California, even one simple legal mistake can result in fines, lawsuits, or the downfall of an otherwise promising business. From the importance of choosing the right legal structure, to not having proper founder agreements in place from the beginning, not implementing formal HR policies and procedures that comply with the ever-shifting landscape of California requirements, and failing to comply with regulatory requirements, it is critical that aspiring business owners consult with experienced counsel in order to avoid pitfalls that might cause an otherwise promising business venture to become yet another unfortunate statistic.

As an experienced practicing California corporate attorney and former law professor in the area of business organizations,  Ms. Kurtzman shares her insight as to pitfalls that aspiring business owners can avoid in order to maximize their potential success.

Ms. Kurtzman received her undergraduate degree from the University of Chicago, with honors, and subsequently graduated cum laude from Case Western Reserve University School of Law where she received her juris doctor. While attending Case Western Reserve University School of Law, Ms. Kurtzman served as both an associate member and, subsequently, as Editor-In-Chief of The Internet Law Journal.

Before founding TMK, Ms. Kurtzman served as a partner in a California general-practice law firm specializing in corporate representation where she co-chaired, among other divisions, both the firm’s commercial contracts and litigation practices. Ms. Kurtzman has been featured in:

  • The Wall Street Journal
  • The Los Angeles Business Journal
  • Bloomberg News
  • Law360
  • The Daily Journal
  • Los Angeles Lawyer
  • Inside Counsel
  • Westlaw’s Sports & Entertainment Journal
  • The Beverly Hills Courier
  • Backstage
  • The ABA Journal
  • The Hollywood Times
  • Business Law Today
  • The Journal of Internet Law
  • Corporate Counselor
  • Price of Business

In 2012, Ms. Kurtzman was named one of 50 attorneys on the “Fast Track” to becoming the country’s top lawyers and leaders. In 2013, Ms. Kurtzman was inducted into the Beverly Hills Bar Association’s Order of Distinguished Attorneys. In 2017-2021, each year Ms. Kurtzman was selected to SuperLawyer’s Southern California Rising Stars list; each year, less than 3% of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Also in 2019, Ms. Kurtzman was named one of the Up-and-Coming 50 Women Southern California Rising Stars by SuperLawyers. In 2015, Ms. Kurtzman became one of the youngest adjunct law professors in the state and, over the years, Ms. Kurtzman has taught pretrial litigation practice and business organizations to numerous classes of law school students. In both 2023 and 2024, Ms. Kurtzman was selected to SuperLawyer’s Southern California Super Lawyer list which recognizes the top 5% of attorneys in each state.

Born and raised in Los Angeles, California, in her spare time Ms. Kurtzman practices Krav Maga and is an avid sabre fencer and bagpiper. Ms. Kurtzman also serves on the Board of American Family Housing, an organization providing long-term housing solutions for formerly homeless veterans and families.

Learn more at www.tmkattorneys.com.

 

Connect with Tamara Kurtzman on social media:

LinkedIn: https://www.linkedin.com/in/tamara-kurtzman-2b540615

 

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