ESTATE PLANNING FOR BUSINESS OWNERS – Importance of Buy-Sell Agreements

  If your closely held corporation has multiple stockholders, you should have a Buy-Sell Agreement. A Buy-Sell Agreement, also known as a Stockholder Agreement, or Restrictive Stock Transfer Agreement, is an agreement between the shareholders that governs the management and control of a business upon a shareholder’s death, incapacity, bankruptcy, termination of employment or other […]

ESTATE PLANNING FOR BUSINESS OWNERS – The Importance of Maintaining a Corporate Minute Book

A common issue we confront with our business owner clients is a failure to adequately maintain fundamental business records.  While the following discusses the importance of maintaining a corporate minute book, the same considerations apply to the governing documents for other types of entities, partnerships, limited liability companies, etc. A corporation’s minute book contains its […]