Category Archives: Business Law
Should You Hire A Fractional General Counsel?
1. What is a fractional general counsel program? Fractional general counsel (FGC) programs provide the legal help your company needs, when it needs it, all for a fixed monthly fee. The monthly-fee structure enables clients to integrate legal fees more easily into their budget, proactively seek legal counsel when they need it, and allows… Read More »
Liquidating an S Corporation
This article discusses the tax consequences of liquidating an S Corporation that owns certain assets and describes three plans of liquidation. Pursuant to §1361(a)(1) of the Internal Revenue Code (“IRC”), an S Corporation is a small business corporation created through an IRS tax election and is governed by Subchapter S of the IRC, unless… Read More »
Most Important Things to Know if Your Business Partner is Getting a Divorce
The Company (and its financial records) will likely be involved in your business partner’s divorce proceedings. It does not matter how much of the Company your business partner owns, whether a minority or majority interest, the value of his or her interest in the Company will be part of your partner’s financial disclosure in… Read More »
Two fundamental mistakes people and businesses make in hiring a commercial attorney
There are two fundamental mistakes people and businesses make in hiring a commercial attorney: 1. They assume that any attorney can handle a business matter. Just because a lawyer did a good job defending your nephew’s DUI does not mean he or she will do a good job on a commercial matter. 2. The… Read More »
