The shareholder’s breach of fiduciary duty suit is based on the principle that the shareholder acted outside the best interests of the corporation. This is despite being obligated to do so. A majority of these lawsuits are in the form of business torts and can result in compensation for the injured party. You should consider […]
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There are several challenges to owning your own business. Your clients, vendors, partners, and other stakeholders will have certain expectations from their business relationship with you. Business contracts can be useful in avoiding disputes and financial losses and protecting your business interests. Based on this, ambiguity with regard to the terms and conditions in the […]
You are probably looking forward to generating a tidy profit in your business as a commercial tenant. You want to attract more people to use your products or services and increase your revenues. All this can only be achieved when you have an ideal space to do work in. Knowing your rights when leasing a […]
The newly enacted Inflation Reduction Act (IRA), among other things, is designed to encourage the production and use of green and clean fuels to reduce greenhouse gases from the transport sector. There are tax credit programs for aviation fuel, biofuels, and hydrogen aimed at accelerating the development of clean transport. There are tremendous opportunities in […]
Selling a business, no matter how large or small, is always a complex venture. It involves several legal considerations as well as scrutiny and evaluation from professionals, such as lawyers, brokers, and accountants. You should get a business attorney on your team as soon as possible to ensure the sale is done right. The profit […]
Unlike an individual, a business is an entity that can continue to thrive even after the founding members that established the business are no longer there. This is possible with well-considered and legally sound business succession planning. Having a solid succession plan well in advance can help in maximizing the value of your business when […]
Succession planning is a prudent step to ensure the longevity of your business. Whether you are considering starting a new business with a partner or already have an established business, you can consider formulating a buy-sell agreement as a part of your future exit strategy. Buy-sell agreements are one of the ways to create an […]
Alabama has a booming market for a wide variety of businesses. If you are planning on starting a business in the state, you should find yourself a good business attorney. It is vital the attorney has a thorough understanding of non-disclosure provisions as well as non-compete agreements. This is particularly important if you have protectable […]
Business owners may have to choose between an LLC (limited liability company) or Inc. (corporation) when it comes to selecting a legal entity for their new business. Pertaining to this, which entity is the right one for your needs? It can be overwhelming to understand the intricate differences between an Inc. and an LLC. This […]
Business deals, especially in the construction industry, have traditionally relied on handshakes. However, this is no longer the 90s and you need more than oral agreements or verbal promises to prevent possible conflicts and disputes from arising in the future. Business lawyers can swiftly and easily draft a construction business contract and ensure all the […]
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.