When I was just a youngster fresh out of law school, LLCs were these exotic things that no one understood. In fact, like many unfamiliar things, the more conservative corporate lawyers were afraid of them – afraid their tax treatments wouldn’t be recognized by the IRS, afraid not having…
Most people should not incorporate or organize their entity in Delaware. Now, I know that many advisers recommend organizing in Delaware and there are times when it is appropriate. Delaware has created and refined well-designed statutes and efficient, professional courts to make it easy, predictable and respectable to form…
I’ve been following and writing about the Bow Truss v. Marcus Lemonis kerfuffle – now lawsuit – because messy litigation is my reality TV. And, this is messy. As a lawyer, my stock in trade is careful, calibrated elocutions of ambivalence. But, here, I’m not lawyering, I’m writing, so…
Contracts are the trip wire of deals. Here’s why. With legit business people, you can’t get started on the work or the payments until you sign the contract. Your contract is your reason to write down what has to get done, what has to get paid and by when….
