What is limited liabilty?
Limited liability is a principle of business law which shields the owners of a business from the business's liabilities. Owners of a business which has limited liability may lose …
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Common Contract Terms Explained
In every contract there are invariably a slew of legal terms and conditions that, regardless of the contract’s purpose, go unchanged and often unchecked by the contracting parties. These terms and conditions are often referred to as the contract’s “boilerplate” language. Most people don’t give these sections a second thought, and it’s typically a …
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Being Squeezed out of a Family Owned Business?
Minority shareholders often find themselves being squeezed out of a business when the majority shareholders decide to get rid of them. While this happens in all kinds of businesses, there are additional reasons in family owned businesses for putting pressure on a minority shareholder to sell his or her shares. A squeeze out occurs when a stockholder is forced to sell his or her stock …
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