Action of Director(s) to Dissolve and Liquidate. Action of Shareholder(s) to consent to Dissolution and Liquidation. Plan of Dissolution, Winding Up and Liquidation approved by…
Owners of companies are always looking for creative ways to compensate and retain essential employees, while simultaneously retaining complete control and ownership. Phantom stock, sometimes…
Bankruptcy is the process by which a business that is insolvent may eliminate or modify its existing obligations. Corporate bankruptcy means any bankruptcy entered into…
A non-compete agreement (also referred to as a “do not compete,” a “covenant not to compete,” or a “no-compete clause”) is a contract by which…
What Is It? A sole proprietorship is a form for conducting business by a single person as an owner. The owner is often referred to…
What is an Arbitration Agreement An arbitration agreement provides that two or more people will submit an existing or future dispute to arbitration. Arbitration allows…
As noted in the article Corporate Bankruptcy Overview, a Chapter 11 bankruptcy allows a company in financial distress to reorganize and continue operating as a…
What are Golden Parachute Payments? The phrase “golden parachute” refers to an agreement between a company and a high ranking executive which calls for the…
What is a Corporation? A corporation is a business organization which is chartered by a state (known as the state of incorporation) in accordance with…
Did you know that as an employer you can be held responsible for the harmful acts of your employees? This article will discuss how and…