Why an LLC? Limited liability companies, or LLC’s, are a unique form of business structure in that they provide the limited liability aspect of a corporation with the operational flexibility of a partnership. The owners of an LLC are known as “members,” and similar to...
Understanding Business Dissolution
Sometimes businesses just don’t work. Sometimes they merge with another business. Sometime partners choose to retire. The truth is, businesses close for a variety of reasons. It is not enough, however, for a business to just shut its doors and walk away, never to be...
Protecting Business Interests: The Non-Compete Agreement
It is the rare business that experiences overnight success – months and years of trial and error, brainstorming of ideas, and financial gains and losses are only some of the hard work put into a business as it establishes an identity. As the business expands, more and...
Understanding Breach of Fiduciary Duty in Business Litigation
A fiduciary relationship can arise in a wide variety of circumstances. In a business relationship, the person managing the business affairs is the fiduciary, while the party who places his trust in the fiduciary is known as the principal. Partners in a partnership owe...
MOST COMMON TYPES OF BUSINESS LITIGATION
Litigation can have significant consequences on a business, impacting everything from its sales and operating budgets to its relationships and reputation. Unfortunately, the potential for litigation comes with the territory of doing business – it is almost certain...