In the past, we have written numerous blogs on the importance of having an operating agreement if you hold a membership interest in a LLC. Disagreements often arise between members of a LLC which can be resolved with a comprehensive operating agreement. We pose...
You and your long-term friend/business partner have operated a manufacturing company for the past 20 years. You have 30 employees and also a number of minority shareholders in the business. You and your business partner are the majority shareholders of the company....
The importance of having an Operating Agreement in the case of a limited liability company and a Shareholder Agreement in the case of a corporation is very significant. Essential terms include identifying who the shareholders are, what their shareholder interest is,...
Let’s take the restaurant business for example. Assume that you are the person with the talent and brains behind the operation. You were a chef in a famous restaurant in New York City. You decided to move to St. Petersburg, Florida and have talked to your college...
This is the third part of a series of four blogs designed to give your business the competitive edge it needs to preserve the most valuable assets your business has such as the financial information of your company, trade secrets and intellectual property rights. Here...
If your non-compete is drafted correctly, you can swiftly get to court and obtain what is called “injunctive relief.” That is the power to get a court order that will immediately stop the person or company causing the harm to your business.For instance, if someone is...
