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Author: Lawrence Gregory

Business Ownership and Divorce: What You Need to Know

Posted on July 20, 2022 | by Lawrence Gregory

Divorce is rarely simple. When two people’s lives are intertwined—physically, emotionally, and legally—separating the individual strands can be a task akin to untying the Gordian knot. The longer a couple has been together and the more they share, the more difficult this task becomes. Continue reading →

Posted in Business

Key Person Insurance: What Is It and Do I Need It?

Posted on July 3, 2022 | by Lawrence Gregory

We protect what we value most with insurance. Car insurance and home insurance ensure that we can financially survive a major property loss. Life insurance pays money to beneficiaries after a death, acting as a financial lifeline to the deceased’s loved ones. Business insurance is Continue reading →

Posted in Business

Considerations Before Owning a Business with Your Spouse

Posted on June 24, 2022 | by Lawrence Gregory

Both running a successful business and having a successful marriage require commitment and hard work. Operating a business as a married couple can present its share of challenges, but being devoted to one another as spouses and as business partners can bring higher levels of accountability Continue reading →

Posted in Business

Common Pitfalls in Family-Owned Businesses

Posted on June 22, 2022 | by Lawrence Gregory

Your family and your business are two of your top priorities. You would not do anything to compromise either of them. But working with family members in a family-owned business presents unique challenges that can cause lasting damage to both if not properly managed.

Family-owned businesses Continue reading →

Posted in Uncategorized

Personal Guarantees: What They Are and When They Are Required?

Posted on June 17, 2022 | by Lawrence Gregory

Your new business needs a capital infusion to get off the ground. The only problem is that a new business is not established enough to have generated a business credit report. It may also be lacking assets that can be used as loan collateral. Without a business credit report or business Continue reading →

Posted in Business

How Do I Prepare To Meet with a Business Lawyer?

Posted on May 15, 2022 | by Lawrence Gregory

Businesses are governed by laws and regulations that affect nearly every aspect of their operation. From formation, hiring, and firing, to drafting contracts, resolving disputes, and dissolving or selling the company, there are numerous legal matters that arise during the lifetime Continue reading →

Posted in Uncategorized

How to Resolve Deadlocks in Your LLC

Posted on April 16, 2022 | by Lawrence Gregory

Membership in a limited liability company (LLC) may come with voting rights. Member voting rights are addressed in the LLC operating agreement, which typically provides that LLC members must vote on several issues that are material to the continuance of the business. A unanimous or Continue reading →

Posted in Business

Why You Might Want to Hire Someone to Be Your Registered Agent

Posted on April 15, 2022 | by Lawrence Gregory

If your business is registered with the state, you are required to name a registered agent at the time of registration or incorporation. A registered agent is the person who receives legal and tax documents on behalf of your business. You or other people in your business can serve Continue reading →

Posted in Business

How to Set Up Your Board of Directors

Posted on March 15, 2022 | by Lawrence Gregory

You might think that a board of directors is something that only big companies have, but all S corporations and C corporations—even small businesses—are legally required to have boards of directors. Specific rules for the board of directors are established in the corporate bylaws Continue reading →

Posted in Business

What Is Reverse Veil Piercing and How Should You Protect Against It?

Posted on February 15, 2022 | by Lawrence Gregory

Normally, limited liability business entities, which include corporations and limited liability companies (LLCs), prevent the entity’s creditors from going after an owner’s personal assets to satisfy their claims. But in rare circumstances, courts allow piercing of the corporate veil. Continue reading →

Posted in Uncategorized

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