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  • Important Things to Know when Serving on a Board of Directors

    Serving on the board of directors for a company is usually filled with responsibility, tasks and decisions to make with the other board members. This means it is vital to know everything possible about the position, what it takes to remain on the board and how to grow personally and financially in the position.

  • Dangers of Offering Stock in Your Business to Friends and Family

    When someone who owns a business wants to get his or her family and friends involved, this should usually not include stock, interest or shares in the company. This could cause complications. However, there are some instances where this is heard of and standard such as friends and family shares.

  • C Corporation 101 – Everything You Need to Know

    C corporations are more commonly known as just corporations. These are usually what are talked about when someone is explaining a big business. They are the classic company with hierarchical structure that textbooks describe. When there is a need for a large or public organization, this is usually what is created either initially or after some time through a conversion.

  • Watch Out for These Pitfalls of Minority Ownership

    Many individuals dream of owning a business during some point in their life. Some invest a small percentage into a business while leaving themselves available for other investments or full-time employment. When there are owners with a larger interest than these individuals, it is important that minority owners understand their rights and their limitations.

  • Can an Owner Refuse to Continue a Profit-Sharing Agreement Due to Expiring Lease?

    Some business owners agree to a contractual obligation of profit-sharing when the circumstances are just right. However, knowing what to do when the situation goes sour is important. Some creators of a company are plagued with complications that arise due to factors out of their hands.

  • The Necessary Steps to Remove the Owner of a Corporation When Revenue Falls

    One common reason to remove an owner or shareholder from a corporation is because he or she is not providing an adequate profit for the business. How shareholders are removed varies state to state.

  • When Co-Owners Split, Disaster Strikes

    Just like with married couples, many businesses decide to get a “divorce.” However, in this instance getting a divorce may mean the end of an entity that can result in the closure of a business, the loss of jobs and other serious consequences. When business owners are in a dispute, issues can quickly get complicated and nasty.

  • Expert Witness: Business Owner Conflicts with Shareholders

    Conflicts between business owners and shareholders are not uncommon. The duties and direction between these two groups are often opposing. These conflicts are often more pronounced when dealing with smaller businesses. These businesses may not have as extensive oversight as publicly-traded companies do. Recognizing the adverse nature between the parties can provide an expert witness with the background to explain the conflict to a judge or jury.

  • Do Investors in My Small Business Have the Right to Take Over and Issue Shares Without My Permission?

    Many small businesses provide the ability for the business to have shares issued. These shares help provide the financial backing that a business often needs to get off the ground. However, in some situations, having shares changes the arrangement related to the ownership and power dynamic of the business.

  • When a Buy-Sell Clause May be Triggered

    Buy-sell agreements are integral to contracts, various agreements and documents necessary in businesses either during the run of the company or when it is being created. These files are drafted to ensure there are no biased or previously determined manners of transferring the ownership of the company from one party to another.

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