Bite-Sized Bits of Knowledge
Business Planning
Transfers – Rights of First Refusal
Rights of First Refusal: What They Are and Why Your Business Wants Them Imagine that you own a business with two other people. Splitting ownership between the three of you has been a nice way to split costs, risks, and responsibilities. However, there comes a point...
What Is an LLC? An Introduction to Limited Liability Companies
What Is an LLC? An Introduction to Limited Liability Companies LLCs are relatively new business entities. They take the best of corporations and partnerships and merge them into one awesome hybrid entity. They have tremendous flexibility in a variety of important...
What You Should Know about Involuntary Termination of Employment Transfers
What You Should Know about Involuntary Termination of Employment Transfers Let’s talk about involuntary transfers related to termination of employment or membership interest. When key employees, contractors, or advisors leave a closely-held company, it’s crucial to...
C-Corporations: Things to Know about This Business Structure
C-Corporations: Things to Know about This Business Structure By: Barry E. Haimo, Esq.October 21, 2024 Corporations are the oldest of business entities. Like the other business entities that we have talked about, they are relatively easy to form. They can satisfy some...
Transfers – Involuntary Death Trigger
What You Should Know about the Involuntary Death Trigger By: Barry E. Haimo, Esq. October 4, 2024 Death is a common trigger of an involuntary transfer, but you need to make sure you set the trigger up to meet the best interests of your business. Without a trigger,...
What Every Business Owner Needs to Know about Ownership Documents
What Every Business Owner Needs to Know about Ownership Documents By: Barry E. Haimo, Esq.December 2, 2024 Governing documents are critical for a lot of reasons, and one of those reasons is to make sure ownership is well- documented. Each entity has different options....
Profits Interests
What Are Profits Interests and Why Should You Care? By: Barry E. Haimo, Esq.July 11, 2024 Let’s explore a valuable tool for partnerships: profits interests. Whether you're looking to reward key personnel or align their interests with the company's future...
Corporate Transparency Act: What to Know and Who is Affected
Corporate Transparency Act The Corporate Transparency Act is a pivotal piece of legislation that represents a significant shift towards enhancing corporate transparency in the United States. As a relatively new law, it introduces a complex framework aimed at...
What You Need to Know about Involuntary Disability Triggers
What You Need to Know about Involuntary Disability Triggers By: Barry E. Haimo, Esq. May 3, 2024 Disability is a common trigger of an involuntary transfer. If someone cannot perform, they are not able to contribute to the business. They will, meanwhile, continue to...
Introduction to Business Formation: Why It’s Important
Introduction to Business Formation: Why It’s Important By: Barry E. Haimo, Esq. May 2, 2024 Forming a business entity is easy to do, but not as easy to do right. Forming the wrong entity can be a huge problem. Also, putting the wrong information on the filing can be...
