Choosing The Right Type Of Buy-Sell Agreement For Your Business Consider the following scenarios – Scenario 1: Mary, Mark, and Melinda are the sole owners of Acme Widget Company, Inc., an S-Corporation, with each of them owning 1,000 shares of stock. Unfortunately,...
A Tenant’s Options When Leased Space is No Longer Wanted A tenant leasing retail, office, warehouse, or industrial space can sometimes find itself in a position where its lease expiration date is months or years away, but the tenant no longer wants that space. On the...
Limited Liability for Owners of Corporations and LLC’s: What Liabilities and What Limits? One of the principal motivations for operating a business as a corporation or a limited liability company (“LLC”) is that, by law,[1] doing so will generally shield the owners of...
Buying a Business or Buying Trouble? - 4 Tips to Minimize Risk Buying a business should not be like buying a used car. While it may be common for someone to buy a used car “as-is,” it would be highly unusual for someone to buy a business with that disclaimer. ...
Lease Negotiations – Tips for Tenants So you’ve decided to start a new business or expand your existing business, and you’ve found the perfect location. For most businesses, that means you’ll be leasing your new space. The first step in the leasing process will...
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