December 18, 2014
Q.: How do I completely transfer stock from an old business partner back to myself? A.: You have not indicated if you and your old business partner are the only shareholders of this corporation or if there is a shareholder agreement that contains restrictions on, or procedures for, stock transfer. Assuming that there are only the two of you, and no shareholder’s agreement, you would need to have a meeting of the shareholders to approve the stock transfer and a written assignment of the shares that indicates the consideration [what you are paying in cash or kind] for the shares. [Some states permit a written “Consent” signed by the shareholders in lieu of an actual meeting.] Finally, you need to retrieve your partner’s share certificate and mark it cancelled and issue a new certificate for the shares in your name. All of these steps to transfer the stock should be properly documented in the corporate records. You should consult an attorney familiar with these transactions to prepare the proper documentation. What other law…
Continue ReadingWorkshak’s post on limited liability partnerships (which pulls from Taxgirl’s post on ProBlogger) is right about one thing: that limited liability partnerships (LLPs) are pass-through entities. What the post doesn’t address is that the LLP…
Read MoreInterstate 75 isn’t what I’d call picturesque. Well, maybe some parts of it are as it snakes its way from Michigan to Florida. But the stretch where I drove … ? Plainly put—from Gainesville (GA)…
Read MoreListen to the Episode Below: Lots of business owners got started because they love what they do. But soon, that can take over your life … leaving you little room for anything else. How do…
Read More
I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.
I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.
