You might think that family-owned businesses have a natural advantage. They do – but keeping both the family and the business happy requires effort and
A shareholder or ex-shareholder competing with a business can pose a significant threat. Unfortunately, some business owners may face the challenge of “the enemy in
Many small companies have standard articles, not always the best solution
Buying a business Whether buying or selling a business, the parties need to agree general principles as to how the deal will be structured: price, whether
Don’t get in a bind… In many commercial transactions the parties agree some form of Heads of Terms (or Letter of Intent) as a first
Business sale or share sale? Business owners need to be aware of some of the steps they should take when they are thinking about selling
If you have family and a business, you are a family owned business. Whether or not other family members are directly involved in the business
People eh? Shareholders together in business have different personalities. Different pressures in their lives. Different work ethic. Different propensity for risk taking. Even different long term plans for the business (that will definitely be a tricky dilemma at some point…).
What happened to Ted’s shares in his business when he died… You would be forgiven for thinking that when a shareholder dies and the will
