October 2016

When entering a partnership with the mutual goal of making money, the legal rights of each party may become murky. Squabbles may emerge when attempting to make decisions on behalf of the partnership. You may disagree with a partner’s decision, or disagree when it comes to the larger-scale direction of the partnership that your partner […]

An online revolution is occurring. It is enticing many people who have business legal needs. Whether it be Legal Zoom, Rocket Lawyer, USLegal, or the like, many have decided to turn online for all of their business legal needs. These websites provide standardized forms that are intended to fit the needs of many customers. Anything

Whether you are a director of a corporation or a shareholder in a corporation, it is important to know the duties owed to the corporation by directors. The two main categories of duties owed by directors to the corporation are the duty of care and duty of loyalty. The duty of care refers to the

Indemnity agreements are a legal agreement, or contract, that is used to identify which party will be responsible for any loss, liability, damage, or expenses that occur as part of the activities identified in the agreement. One of the simplest examples of this is a common insurance policy. The insured party is indemnified (not responsible)

Affixing appropriate levels of executive compensation can be tricky. This is because it is difficult to remain impartial in affixing salaries and benefits to yourself. This occurs especially in closely-held corporations where there are fewer directors and officers, and the potential for abuse is present. The danger occurs when there are shareholders that require accountability.

Sometimes litigation is inevitable for corporations. There are many ways to prepare and combat any possible allegations. One such way is appointing a special litigation committee. These committees are most appropriate when facing allegations by individuals, mostly shareholders, within a corporation accuse the corporation of wrongdoing. In a typical scenario, a shareholder represents the interests

Whether you are a director of a corporation or a shareholder in a corporation, it is important to know the duties owed to the corporation by directors. The two main categories of duties owed by directors to the corporation are the duty of care and duty of loyalty. The duty of care refers to the

Buying a business can be a great opportunity for those who want to be a business owner rather than an employee. Once you’ve found a business that looks promising, you will want to take the time to do some digging into the history of the business to ensure it is as smart of a purchase

One of the most important responsibilities of a corporation is to institute a good self-monitoring system. While the steps necessary to establish a good self-monitoring system can be found in another post, it is important to understand why a good self-monitoring system is necessary. Because there are so many aspects of the duties of care

If you are a director or officer in a corporation, it is important to know the fiduciary duties you owe the corporation, as there may be some dire consequences if you fail to live up to them. These consequences can go as far as criminal liability. The two most important fiduciary duties owed to the