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BUY-OUT AGREEMENTS I. When creating a business/entities, partnerships, corporations, limited partnerships, limited liability companies. (a) What about the creation of an exit strategy? (Not really an issue at the time of creating the business as there is no real value) (b) Different forms of entities where buyouts are appropriate, Corporations, Limited Liability Companies, Limited Partnerships [...]
Pertinent Definitions/Estate Planning Defined ESTATE PLANNING: Area of law and taxation dealing with creation, protection, preservation, management and distribution of estates. (wealth from one generation to another). ESTATES: These are the sums of all property including real estate, bank accounts, securities, insurance policies, cars, boats, household furnishings, jewelry and all other personal effects. In sum, [...]
Corporate Minutes, Why Have Them? Question number one above is the often asked question by the officers and the directors of any given corporation, whether it be a California Corporation or a Delaware Corporation or for that fact a corporate entity in any of the 50 United States. This paperwork item of business is usually [...]