Recapitalizing an S-Corp into voting and non-voting shares can serve various business objectives, from succession planning and ownership restructuring to estate planning and maximizing tax efficiency. By dividing ownership into […]
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A non-compete agreement (aka a non-compete) restricts an individual’s ability to engage in similar employment or activities that compete with their current or former employer. That is, if it’s enforceable. […]
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I am often asked whether a business should operate as a Limited Liability Company or a Corporation. Which is better? Entrepreneurs often grapple with the decision of selecting the appropriate […]
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Business contracts are legally binding agreements between two or more parties, outlining the terms and conditions of a business relationship. These contracts are essential in establishing clear expectations and obligations […]
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An LLC Operating Agreement is a legal document that outlines the ownership, management, and operation of a Limited Liability Company. Although not required by law, an Operating Agreement is highly […]
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AN EMPLOYEE is a worker who is hired to work for an employer, typically on a full-time or part-time basis, and is considered to be an employee of the company. […]
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A drag-along provision allows the majority owner to force the minority owner into the sale transaction, regardless of what the minority owner wants.
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The pre-emptive right gives that member the option to buy additional units to preserve that member’s overall interest in the LLC.
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Recently, the New Jersey Appellate Division held that an unsigned partnership agreement among medical doctors was not valid because it had not been agreed to by all members. The Case […]
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With proper planning you can take advantage of Qualified Small Business Stock and avoid recognition of significant gain on the sale of that stock. Not all stock sales are treated […]
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