Hopefully you have read our prior blog titled “Issues Minority Interest Business Owners Commonly Face,” for a discussion of difficulties minority owners face. This blog will focus on things a minority owner can do to protect themselves. Laws governing corporations and limited liability companies provide business owners nearly unlimited discretion in determining how to run [..]
If you own a minority interest in a business, it can be difficult to understand what rights you have in the company. While you are an owner and entitled to many benefits, you are also limited by your minority position. Below are a few rights of a minority business owner when it comes to business [..]
Social media has made the world a smaller place. It is easy to communicate with individuals all over the world by simply getting on the Internet. It is important for employers and employees to consider their relationship when it comes to social media. Issues regarding how a non-compete or a non-solicitation agreement play out in [..]
Whether or not a minority partner can be fired depends upon the rights granted to the other partners by the business’s partnership agreement. If the company does not have a valid partnership contract, it can be difficult to remove the minority partner if he or she will not leave voluntarily. If the agreement between the [..]
Many business owners consider their main threat to be their competitors. However, for many companies, it is a dispute between the partners that leads to the business’s downfall. Partners can disagree over how to manage the company, cash flow shortages, growth strategies, and a variety of other matters. When the disagreement between partners begins to [..]
Hopefully you read our previous blog discussing the first few factors to consider when drafting an Operating Agreement in order to prevent partnership disputes. This blog outlines a few other factors to consider: Values Agreement. It can be helpful for partners to draft and sign a document that declares their ethical commitments to each other. [..]
Most partners start out their business as friends and believe that nothing can come between them. However, as time passes and management differences emerge and the business grows, issues can arise and cause disagreements between partners. It can be uncomfortable to disrupt the peace with your partner, so having a plan in place for how [..]
Disputes between employers and employees are fairly common. Below are a few of the most common types of employment law disputes: Wrongful Termination California law presumes that employment is “at will,” unless clearly shown otherwise. This means that an employer (or employee) can generally terminate the relationship with our without cause. The law also provides [..]
Hopefully you have read our two prior blogs discussing some of the benefits of having a Buy-Sell Agreement and how to value the business. This blog will explore where the money will come from to pay for the departing owner’s interests and the payment terms to be followed. The three primary ways to fund the [..]
Hopefully you have read our previous blog discussing some of the benefits of your business having a Buy-Sell Agreement. This blog will discuss some of the methods used to value your company. This is especially important because if the purchase price cannot be calculated from the buy-sell agreement, the contract may not be enforceable. Below [..]
