Buy-sell agreements are so important that you should often incorporate buy-sell agreement terms into an LLC agreement, operating agreement, shareholder agreement or other agreement, to avoid the need for a secondary document and/or being without buy-sell agreement terms in place.What is a buy-sell agreement? Essentially, a buy-sell agreement consists of a set of terms (agreed… View Article
If you are a shareholder of a Minnesota corporation you may be aware of the “squeeze out” process that occurs through a reduction of shares to a fractional share and the subsequent exercise of the corporation’s rights to cash out and redeem that fractional share (e.g. you previously owned 30,000 shares and after the reduction… View Article
The U.S. Small Business Administration (“SBA”) recently released its Final Rule for its updates to the popular 504 and 7(a) loan programs. Before April 21, 2014, an applicant for one of these popular SBA loans was required to show that the desired funds were not available from the personal resources of any owner of 20%… View Article
Whether you are a freelance independent contractor or an established company that develops websites or applications, creates graphic design work-product, or engages in SEO/SEM work, you may have experienced many customers or potential customers who want “something for nothing” (i.e. for the possibility of something in the future). For example, many start-ups or established companies… View Article
The Department of Health and Human Services provided its Modifications to the HIPAA Privacy, Security, Enforcement, and Breach Notification Rules under the Health Information Technology for Economic and Clinical Health Act (“HITECH”), the Genetic Information Nondiscrimination Act, and Other Modifications to the HIPAA Rules (collectively also known as the “Final Rule”) on January 25, 2013…. View Article
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