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Adding a Member, Shareholder or Partner to Your Business
A new member, shareholder or partner for your business might make sense. Maybe the new person adds great connections, special know-how, or deeper pockets to help capitalize the business for growth. But what exactly does it mean for you to … Continue reading
Shareholders Do Not Own Corporate Assets
A corporation is, for corporate law purposes, a “person” separate from its owners. As such, it owns the assets of the business, including, for example, customer lists, trade secrets and equipment. A shareholder generally holds only legal title to the … Continue reading
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Tagged Business, corporate assets, customer lists, Law, legal title, owner, shareholders, trade secrets
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