What should small businesses have learned from the COVID pandemic? As we emerge... It is with some guarded optimism that we seem to be emerging from the COVID-19 pandemic. The impact of the pandemic has been profound on so many...
THE LIMITED LIABILITY COMPANY ("LLC") has become a popular choice for small businesses because LLCs combine key features of both partnerships and corporations. All states have enacted LLC statutes (i.e., laws). In absence of an agreement among the owners...
Corporations and limited liability companies exist separately and distinctly from those who operate them. However, they may be liable for the acts of those who operate them---even when the connection seems somewhat remote. Consider the following... When the dog bites... In...
Where to fight your "partners"... And who will pay? Clearly, litigation can present numerous difficult issues. Among the fundamental issues are the questions of where the lawsuit must be brought and whether you can compel your adversary to pay your...
I am often asked whether state or federal filings are required to effectuate a "simple" transfer of ownership in a privately held corporation or limited liability company (LLC) to a family member or affiliated corporate entity. The question often...