Business Divorce colliding with Marital Divorce

Getting divorced when you own and run a business together with your soon-to-be-ex presents unique challenges.  If you don’t want to continue running the business with your spouse after divorce, you have a case of business divorce colliding with marital divorce. Business divorce is the separation of two or more business partners formerly bound together … Read More

llc ownership percentage

How to determine LLC Ownership Percentage and Why does it Matter?

How much of that LLC do you own, and why does it matter? How do you determine the ownership percentage interest in an LLC? Why does LLC Ownership Percentage matter? Your LLC ownership percentage gives you power over the LLC and its profits.  Either in deciding about important decisions via voting or getting a piece … Read More

Will I get Damages if my Co-LLC member mismanages the LLC?

Many clients come to me with complaints about their business partner and his or her misconduct in managing the co-owned LLC.  Mismanagement that resulted in unnecessary debt for the LLC, liabilities, waste of the LLC’s assets and so forth. They invariably ask if they can sue the co-member for such misconduct and get damages.  After … Read More

Business Partnerships Gone Bad

A business break-up can be as stressful and emotionally draining as the breakup of a marriage. And there is always a child involved….the business. So when your business partnership has gone bad, you really want to find out where you are standing and what rights you may have vis a vis the other business partners and the business.

access books records

Shareholders’ Rights to inspect the books and records of Corporation

I wrote before about getting access to the books and records of an LLC.  The same scenario can happen if you are a shareholder in a corporation.  The corporation cannot deny you access to its books and records. Access to Corporation’s Books and Records You ask the Corporation for financial information and other documents and … Read More