What Should a Multi-Member LLC Operating Agreement Cover?
Without an LLC operating agreement, state default rules decide profit splits, voting, and exits. Here is what the document should settle before a dispute.
Tag: Business law
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How Do You Break a Deadlock Between 50/50 Business Owners?
Two equal owners who cannot agree can freeze a company. Deadlock clauses, buy-sell triggers, mediation, and judicial dissolution are the ways out.
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Should You Incorporate in Delaware or Your Home State?
Delaware makes sense if investors will demand it. For most small companies, forming where you operate avoids a second set of fees, filings, and agents.
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How Reps, Warranties, and Indemnities Protect a Buyer
Representations and warranties describe the business at signing; indemnification pays when they prove false. How caps, baskets, and survival periods work.
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What Should an Executive Employment Agreement Include?
For an executive, the agreement matters most on the way out. The definitions of cause and good reason, severance, equity, and covenants to settle up front.
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How Does a Legal Risk Assessment Work for a Business?
A legal risk assessment maps your obligations, ranks the gaps by likelihood and cost, and assigns fixes. Here is how the process runs and what you get.