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How Do I Buy My Partner’s Share of the Business?
When two partners go into business together, it is often with the intention of splitting the profits, sharing responsibilities, and working as equal stakeholders in the success of their venture. Sometimes, things do not work out as planned, and one partner may decide they want to buy out the other. If you and your partner…
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Elements of a Solid Employee Contract
Employee contracts are critical documents for any business or company. They outline essential information about the terms of employment, employee responsibilities, benefits, and dispute resolution. An employee contract protects both the employer and employee by setting clear expectations and obligations. Employment contracts are legally binding and outline the rights and responsibilities of both parties. The…
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Types of Lawsuits Filed Against Boards of Directors
While corporation boards of directors maintain considerable authority, the ultimate authority is its shareholders, who have a vested interest in the company’s success. Shareholders are individuals, companies, or others who own at least one share of the corporation’s stock, giving them partial ownership in the company. Shareholders have a majority or minority interest in the…
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What Is Corporate Litigation?
Corporate litigation is the practice of trying or defending disputes between corporations or businesses. A corporate litigation attorney manages numerous minor to significant legal concerns that regularly occur during the course of business operations. Corporate litigation differs from other forms of litigation in that it encompasses not only legal proceedings, but measures taken to avoid…
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What Should Be Included in an LLC Operating Agreement?
An LLC operating agreement is an essential document. It outlines the ownership of the company, how it is managed, and the rights and responsibilities of all those involved. Without a properly drafted agreement, you are leaving your business open to potential legal problems down the line. Here are some of the most important items to…
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When Should You Hire a Business Law Attorney?
Running a business can be a rewarding endeavor, but it also comes with a lot of legal responsibilities and risks. Whether you are just starting out, or you have been in the business world for many years, knowing when to call an attorney is essential for protecting your interests and avoiding potential issues down the…