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Rules for Company Meetings: Setting Expectations and Guidelines
Rules for Company Meetings: Setting Expectations and Guidelines Regardless of entity type, it’s important to address company meetings. While this stuff is not sexy, it is super important. There are essentially two kinds of meetings: shareholders’ meetings and meetings...
Rights of First Refusal: What They Are and Why Your Business Wants Them
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...
The Default Rules: What Happens If You Fail to Plan Ahead?
The Default Rules: What Happens If You Fail to Plan Ahead? Planning ahead is one of the most important steps you can take to protect your wealth, health, and family. Without a clear plan, the state’s default rules of intestate succession will step in, and they may not...
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....
Trust Funding: Everything You Need to Know
Your Guide to the Ins and Outs of Funding Your Trust By: Barry E. Haimo, Esq.September 27, 2024 Today, we're diving into a crucial topic: trust funding. If you've completed your estate planning and established a trust, you're ahead of the curve. You may have heard...
Everything You Should Know about Making Your Business an S Corp
If you are a small business owner, you are likely to own your business through a business entity such as a corporation or limited liability company (LLC). You might also choose to have your business entity taxed as an S corporation. First, what is an S corporation?...
