First off, what is a master service agreement. Second, how do they work. Last, is a master service agreement a better contract management tool for your business? What is a Master Service Agreement? The master service agreement, or “MSA”, is a contract between parties that […]
To maintain your liability protections, the law has created a fiction that is called the “corporate veil”. That means that a business is considered a separate entity, apart from its owners. As such, owners are not held liable for the debts of the business unless […]
This is Part I of two on maintaining the “corporate veil”. The “corporate veil” is the phrase we lawyers use to note that business debts and liabilities belong to the business and not the individual owners. This rule is fundamental to business law. Courts and […]
Buying into an existing business involves a share purchase for a corporation, or a membership purchase for a limited liability company. Let’s talk about what that means for a corporate share purchase (LLCs are essentially the same, but different terminology). What “Buying Into” a Business […]
There may come a time in a corporation’s life when it wants to do a forced buyout of minority shareholders. Let’s talk about that for a few minutes. What Are Minority Shareholders? A corporation issues “shares” of ownership. A minority shareholder holds less than 50% […]
IMPORTANT: READ THIS UPDATE 12/19/24: FINCEN REPORTS NOT DUE BECAUSE OF FEDERAL COURT INJUNCTION Summary of FinCEN Starting in 2024, most small businesses created in or registered to do business in the United States will be required to report information about their beneficial owners […]
The logistics of setting up an IP holding company. To create a successful business you need two things: an idea, and execution. The IP holding company holds the right to monetize the successful idea of the business, while allowing some other entity to execute monetizing […]
Why use an intellectual property holding company? To create a successful business you need two things: an idea, and execution. Often, the same person or entity is not qualified or doesn’t want to engage in the execution portion of running a business. Where there is […]
Just trying to contribute what I can, answering questions I’m getting about volunteer immunity. With the massive volunteer mobilization we’ve done these past two weeks, the question has come up whether volunteers helping out with this emergency have some sort of immunity in case they […]
Bringing a new business partner, co-owner, or investor comes with its own issues. Be aware of these and how to avoid problems. WHY BRING ON A NEW BUSINESS PARTNER? There’s many reasons to bring a new business partner into your business. They may have an […]