JP Fernandes, Small Business Lawyer

As cyber criminals set their eyes on smaller targets, small businesses owners and managers must be prepared to protect themselves, their employees and their customers.

Ask yourself if you really want to depend on the IRS’s good graces and discretion to reinstate your S-status.

There is an old saying I once heard a senior attorney tell a client, “either you pay me $500.00 now or $5,000.00 later. Either way, it does not matter to me because your money is going to become my money.”

As a general rule, when one corporation sells or otherwise transfers all of its assets to another corporation, the purchasing corporation is not liable for the debts and liabilities of the selling company unless the debts are specifically assumed by the purchaser.

Shareholder oppression cases are an ugly affair—often compared to a divorce in the corporate setting.

A corporation that has issued only one class of stock may conduct its business or enter into agreements that treat certain shareholders or creditors in a manner that causes the company’s actions/agreements to be considered a second class of stock.

Preparing corporate minutes is akin to the “red-headed stepchild” of corporate governing tasks. Ask yourself a question; are the potential consequences of failing to keep accurate, well drafted minutes worth taking a chance on? Would you bet your company on it?

So please, I’m begging you: stop using that software and sit down and write and I mean actually write your business plan.

the Warren Buffet philosophy, which is to never plan on splitting or otherwise diluting your stock, (hopefully) making the stock price so high that it is out of reach of most Americans.

When starting a business the legal form you choose will have a significant impact on how your company will run, be taxed and protect you from liability.