As a business owner, you will be entering into contracts with vendors, landlords, and possibly independent contractors. Although you want to trust others will be true to their word, you should have a contract in place for almost all agreements to protect your business. Many business owners have limited experience with contracts, which is […]
The Benefits of Hiring a Business Attorney Read More »
From the time a business opens its doors, the owner is told “cash is king.” It may seem to follow that having a very large amount of cash could never be a bad thing. But, the truth is, a company that’s hoarding excessive cash may be doing itself more harm than good. Liquidity Overload What’s
Does Your Business Have too Much Cash? Read More »
Most people – even lawyers – choose to do business in some corporate form, rather than individually, in order to protect personal assets from business liabilities. The most common forms of business entities are corporations and limited liability companies. The choice of entity often depends on which entity offers the best tax attributes for the
The Business Judgment Rule: Protect Your Management Decisions Read More »
Every person has skin and bones that protect their body from bumps and bruises from the outside world. A corporation or other business entity is no different. In short, a corporation (or limited liability company or partnership) is a legal “person.” The corporate body is supposed to protect the owners from bumps, bruises and liabilities
Piercing the Corporate Veil: An Ounce of Prevention Is Worth A Ton Read More »
As a business evolves, so must its compensation strategy. Hopefully, your company is growing — perhaps adding employees or promoting staff members who are key to your success. But other things can spur the need to fine-tune your compensation strategy as well, such as economic changes or the rise of an intense competitor. A goal
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“The power of the lawyer is in the uncertainty of the law.” Jeremy Bentham Doctor Walter Palmolive arrived at Hwang National Park in Zimbabwe on June 30, 2015. The sweeping savannas spread out like an ocean vista and held host to the most feared and well-known predators in all of Africa. An Expensive Game Doctor
ONE CALL, THAT’S NOT ALL (Deducting The Cost of Legal Fees) Read More »
“Power tends to corrupt and absolute power corrupts absolutely.” Lord Acton There is no guaranty that a business partner with a controlling interest will always act in the best interest of other non-controlling owners. Conversely, rest assured that someone at this very moment is suffering some level of “squeeze” from a majority owner of a
Remedy For Oppression of Minority Shareholder in Louisiana Read More »
“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust” ~John McAfee, Founder of McAfee “[T]he fact that within the bitcoin universe an algorithm replaces the function of [the government] … is actually pretty cool.” ~Al Gore, 45th Vice President of the United States
“The advantage of growing up with siblings is that you become very good at fractions.” R. Brault THE FAMILY RECIPE Family businesses are the backbone of the United States economy – comprising 80 to 90 percent of all business enterprises, 64% of gross domestic product, 62% of employment, and 78% of new job creation. By
FAMILY BUSINESS GUMBO Read More »
