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…
Expenses incurred entertaining customers, clients, and employees are often deductible under 26 U.S.C. § 274. Because the rules are quite detailed and contain a collection…
A fraudulent conveyance, also called a fraudulent transfer, is a transaction where one party (“Transferor”) gives or sells for less than full value an asset…
What is Insider Trading? Insider trading is the trading of a corporation’s securities, such as stock, bonds, or stock options, by people who have access…
What is the Sarbanes-Oxley Act? The Sarbanes-Oxley Act of 2002, also known as “SOA” or “SOX” is a congressional act with established a series of…
Any business that owns real estate of any kind can be faced with the issue of whether or not the business is liable for injuries…
Any business that produces a physical product faces potential liability if the product turns out to be defective. Additionally, any business that uses a defective…
Sales warranties are guarantees that sellers make to people who purchase goods from them. The sales warranty rules apply only to the sale of “goods,”…
In certain situations, shareholders may find it advantageous to enter into agreements with other shareholders regarding how the company should be run or who will…
Generally Arbitration Agreements Are Enforceable When faced with the question of whether or not to enforce an agreement to arbitrate, American courts routinely uphold the…