Creation and Requisites : Partnerships

Creation and Requisites

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Planning for the Departure of a Co-Owner
Kurt S. Bauer of Warner Norcross & Judd LLP

This article provides suggestions on what should be included in an agreement between business owners detailing how key issues will be handled upon the departure of a co-owner of the business.
Breaking Up is Hard to Do: Why You Need a Shareholders Agreement
Kevin M. Hart of Stark & Stark

It is hard not to pick up a newspaper or a magazine without reading all about all the gory details of the latest divorce involving the rich or famous, and the contents of a prenuptial agreement. While it would seem that the only connection between these celebrity divorces and small business partners, is the latest edition of People Magazine sitting in their waiting room. Most small business partners owners would be wise to learn a lesson from their more rich and famous celebrity counterparts, and prepare the corporate equivalent of a prenuptial agreement - a Shareholders Agreement.
Equity Compensation and Limited Liability Companies
John E. McGrady of Buchanan Ingersoll & Rooney PC

Limited liability companies (LLCs) are rapidly becoming the favored vehicle through which many entrepreneurial comp.
Venture Finance in the (New) New Economy
Andrew G. Humphrey and Edward Green of Faegre & Benson LLP

This article reviews how companies should have a solid business plan when seeking venture capital in the new economy.
Winning Against Your Goliath Competitors
James R. Holland of Fisher & Phillips LLP

People relate to people, not organizations, and small businesses have the unique ability to treat customers or clients with a truly personal touch. When David faced Goliath in the famous Biblical encounter, the odds looked insurmountable. For small business owners, facing large competitors may look similarly difficult.

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