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  • What Rights Do I Have as a Shareholder Against the Directors and Officers of a Corporation?

    Shareholders in a corporation have rights just as any other member of the company does. It is important to understand what rights are afforded, how they may be used when needed against directors and officers and what is necessary to ensure these rights are protected.

  • Adding a Member to Your LLC

    When the current owner or co-owners in a limited liability company have considered adding a new person, there are various factors to consider. Adding a new member is often more complicated than it first appears, and it is important that all the necessary paperwork, contracts and information are cleared before he or she becomes a member of the LLC.

  • Overview of Various Business Structures

    The type of business structure chosen may depend on various factors the owner has taken into consideration. Of these elements for the company, the owner or partners needs to keep in mind that some of these structures may expand and change while others are set in stone unless the original is dissolved with a new one taking its place.

  • 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.

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