Tag Archives: Starting a business

Restraining a Seller of a Business From Competing is Legal

When you buy a business from someone the last thing you want is for them to set up shop across the street from you and take your customers away. Continue reading

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Invention Developer Services for Inventors Are Highly Regulated

If you have that once-in-a-lifetime idea, and want to sign up with an invention developer, make sure certain things are in place because the law requires them. Continue reading

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Daily Penalties for LLC Failing to Keep Records

If any member makes a demand that such records be kept when they are not, the LLC will be subject to a daily penalty of at least $25 per day. Continue reading

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Dissociation of LLC Member Does Not Discharge Them from Liability to LLC Members

Becoming a member in an LLC is a serious commitment and dissociation does not relieve the dissociating member from liability, whether the dissociation is voluntary or not. Continue reading

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Oral Agreements of LLC Members Can Be the Operating Agreement

A sole member of an LLC can also have an operating agreement, whether written, oral or implied. Continue reading

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Some Shareholders Have an Absolute Right to Inspect Corporation Records

Inspection rights are important to shareholders and directors. The corporation has an obligation to provide access to its records according to applicable law. Continue reading

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Shareholder Meetings Don’t Even Have to be Meetings

Shareholder meetings can be a problem for many corporations because the shareholders or single shareholder do not get around to holding them. They are busy running their business. Continue reading

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Selling a Stake in Your Business to Investors May Require a Securities Registration

More red tape on your way to starting or growing your business. Fortunately, there is a way to cut through some of that red tape – legally. Continue reading

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A Corporation’s Directors Could be Liable for Monetary Damages

So you are asked to become a corporate director or you are director of your own corporation. What could go wrong, right? Continue reading

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Great Business Idea, Now What?

So you figured out what kind of business to start or maybe you’re a serial entrepreneur and have another great idea for a startup business.  What is the next step?  Of course I will tell you that you should meet … Continue reading

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