Archive for the ‘ 10 Things ’ Category
10 Things About Owners Agreements
1. Unless You’re Microsoft, You Need an Owners Agreement. Having an Owners Agreement is important for every non-public company with more than one owner. Owners Agreements go by different names—Shareholders Agreement or Buy-Sell Agreement for a corporation, Operating Agreement for an LLC, Partnership Agreement for a partnership. Whatever it’s called, it’s essential. 2. “We Already Have Bylaws.” [...]
10 Things About Estate Planning
1. You Already Have an Estate Plan, But Do You Know What It Says? Your state legislature has created an estate plan for every resident, called Laws of Intestacy, but it rarely meets the needs or desires of every person. Especially if you have a “non-traditional” family (and who doesn’t these days?), the default estate plan [...]
10 Things About Owning a Business
THE MUST-HAVE. Don’t go into business with others unless you have an owners’ agreement. You can’t see the future, and you can’t be certain that you and your business partners (or their spouses or heirs) will always agree on everything. WHY SO FORMAL? Company formalities are important to limiting your personal liability for the company’s [...]