exit strategy

From The Times of India, comes this story of two realtors who murdered their business partner because he was cheating them.  You can’t make this stuff up.  It probably doesn’t need to be said, but I will anyway:  murder is not an appropriate or viable strategy for getting rid of your business partner. I can hear the […]

{ 0 comments }

True confessions time:  the last few months have been very hard because, well, for all of my desire to be the Business Partnership Expert, my own business partner and I parted company as of December 31, 2007.  It was my decision.  There were things in the partnership that just weren’t working, and others that I […]

{ 0 comments }

Post image for Basic Training: Capital vs. Sweat Equity: What’s a Fair Buyout?

Q: I’m in a situation where one owner is an active “sweat equity” owner; the other is inactive but provides financial capital. I’m the sweat-equity owner who has put in the hours and grown the business, while the other has been gone for months at a time. I am now in the process of trying […]

{ 0 comments }

In a question that seems more appropriate for The Ethicist (the New York Times Sunday Magazine’s Q&A column on ethical issues), David Eddie from the Globe and Mail presents the following scenario: [After 15 years of slaving in someone else’s business], about a year ago, I convinced a colleague to quit and team up with […]

{ 0 comments }

Do you know where you’re going to?  Do you like the things that life is showing you?  Where are you going to?  Do you know? These are important philosophical questions.  They’re also important business questions.  (They’re also lyrics to the theme song from the classic film, Mahogany). If you don’t know when you want to get out […]

{ 0 comments }

Many entrepreneurs have law questions about the process of transfer of ownership and closing a business. Sometimes, the transfer of ownership takes place in the context of a company merger or company acquisition. Other times, you may just be looking to sell a corporation, and that’s where a stock transfer takes place. Want to know […]

{ 0 comments }

Q.:  In a privately held company, is it necessary for a stock transfer between two directors to be approved by the shareholders?   A.:  Under most state laws, shareholders have the right to approve (or disapprove) any transferring ownership is involved, including a stock transfer.  If the company has multiple classes of stock, the shareholders’ […]

{ 0 comments }

Q.:  I have started two companies one an LLC and the other an S Corp that I used for a very short time and would like to stop using. How do you go about the process to close a business?   A.:  Just as you needed your Secretary of State’s permission to open your business, […]

{ 3 comments }

Q.:  I work for a company that has branches in three separate countries, as three separate businesses. Each is owned and operated by the same people. The owners would like to go through a company merger so that these three entities form one company. Is this possible, or do they need to form an entirely […]

{ 0 comments }

Q.:  Can Subchapter S retired stock be un-retired?   A.:  Generally, when you have gone through a stock transfer to sell your shares back to a corporation, when you later buy back in to the company ownership, the corporation simply issues new shares to reflect the new purchase. In an ideal world, when someone sells […]

{ 1 comment }

Page 1 of 3123