What is a Close Corporation?

Posted by Katherine L. Taylor, AttorneyOct 27, 20210 Comments

Have you ever heard somebody say that they own a "close” corporation and wondered whatthat means? A close corporation, sometimes referred to as a “closed” corporation, is a less formal way ofrunning a business; the shareholders have elected to have no board of directors. In a regular corporatio...

Lessons From the Florida Condo Collapse

Posted by Andrea LeWinter, AttorneyOct 24, 20210 Comments

The causes of the tragic collapse of the Champlain Towers South in Surfside, FL will likely notbe known for many months. However, one factor that has come to the fore is the role that theCondominium Association Board (“COA”) may have played in delaying or failing to understandthe urgent need for ...

What's a Trade Name?

Posted by Katherine L. Taylor, AttorneyAug 24, 20210 Comments

Has your business been using a name different from the formally registered name in your state? If so, you're using a trade name. Today I'm going to explain what a trade name is, what it isn't, and what you should do if you're using one.  So first, what is a trade name? It is usually an informa...

Who and What is a Resident Agent?

Posted by Katherine L. Taylor, AttorneyAug 17, 20210 Comments

Are you forming a business and trying to decide who or what entity you're going to name as a resident agent? I'm going to give you a few tips as to how you should make that decision.  So first, what is a resident agent? The resident agent that you put forth on your articles of incorporation or a...

What is a shareholders' agreement?

Posted by Katherine L. Taylor, AttorneyJun 01, 20210 Comments

Do you own a small corporation? Have you ever wondered whether you need a shareholders' agreement?  In this post, I'm going to explain what a shareholders' agreement is and whether you should have one for your corporation. You should know that this applies only to corporations and not to LLCs, so...

What is Business Succession Planning?

Posted by Katherine L. Taylor, AttorneyMay 28, 20210 Comments

You may have heard that you should do business succession planning, but what does that mean?  In a nutshell, business succession planning is basically setting up plans to make sure that your business can continue if something should happen to you or another one of the owners. For instance, if yo...

Do I Need to Register My Company In Another State? [VIDEO]

Posted by Katherine L. Taylor, AttorneyApr 26, 20210 Comments

Are you a business owner wondering whether you need to register your business to do business in a different state other than where your entity was formed? I'm going to give you a few tips as to when you definitely should register your business to do business in another state and a couple of situations where it's not so clear and you might want to consult somebody. 

Are Your Company's Website Terms Accurate?

Posted by Katherine L. Taylor, AttorneyMar 22, 20210 Comments

Are you a business owner with a website for your business? Have you wondered whether the terms of use or the privacy policy on your website are sufficient? If so, you're not alone. I'm going to give you a few tips so you can figure out whether your terms of use and privacy policy are sufficient, or whether you might need some further assistance.

What is a “Close” Corporation?

Posted by Katherine L. Taylor, AttorneyJan 22, 20210 Comments

Have you ever heard somebody say that they own a "close” corporation and wondered whatthat means? A close corporation, sometimes referred to as a “closed” corporation, is a less formal way ofrunning their business; the shareholders have elected to have no board of directors. In a regular c...

What If I Never Issued Stock for my Company? [VIDEO]

Posted by Katherine L. Taylor, AttorneyNov 18, 20200 Comments

Let's say you're a business owner who started a corporation 10 years ago, along with another owner, and you're getting ready to sell. Fortunately, you’ve found a buyer, and you realize that you never issued stock. Is that a fatal flaw? Probably not, but it's going to take some work for you to be able to actually sell that stock to another party. I can help you do that.

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