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Why Your Business Should Have A Buy-Sell Agreement

Business litigation can jeopardize your long-term plans and could potentially end your company. Preventing disputes before they develop is invaluable. Owners and partners must create a buy-sell agreement upon the business’s inception. Buy-sell agreements outline who will control the company and how the business gets managed if something happens to one of the owners. For example, a married couple who co-own a business Read More

Free Sample Agreement Between Manufacturer and Distributor

A distributor contract is an important legal document between the manufacturer or owner of a product and the business that is responsible for bringing it to market through distribution. You can get our sample agreement between manufacturer and distributor below, but we also discuss some of the key terms that belong in these types of contracts along with some common mistakes to avoid. While a distributor agreement Read More

Defamation Per Quod, Libel Per Quod & Slander Per Quod Guide

When someone makes a false statement, their speech is generally protected under the First Amendment of the federal constitution. But not when that speech injures someone’s business and/or reputation. That speech is called defamation and is not protected. This is a tort including defamation per quod, libel per quod, and slander per quod. What is defamation per quod? There are generally two types of defamation Read More

How to Buy a Dental Practice (Guide & Purchase Checklist)

Buying a dental practice is a big deal for any dentist and isn’t something you should jump into without doing some research. Whether you’re buying a dental practice right out of school or moving to a new location, our checklist will show you how to buy a dental practice with confidence. Here’s what you need to know to get started on the right foot. What Are the Pros and Cons of Purchasing a Dental Read More

Business Partner Buyout: How to Buy Out a Business Partner

A business partner buyout is a pretty common thing to do. However, if you don't know how to buy out a business partner or do not have a previously outlined partnership buyout agreement, the whole process can get overwhelming and messy quickly. Before buying out a business partner, you need to have a solid understanding of buyout agreements, the legal and financial requirements that go along with the process, and Read More

What are Minority Shareholder Rights in a Private Company?

If you have been offered to become a minority owner, do not agree before getting clear on your rights. Minority shareholder rights in a private company are often more limited than people assume, so you could be in for an unpleasant surprise. Here are critical aspects of minority shareholders rights you need to know: What Is a Minority Shareholder? A minority shareholder is a shareholder who holds 49% of a Read More

Warranty Deed Florida: Types, Requirements & How to Get Them

When you sell or buy a house, you transfer ownership through a legal document known as a “deed.” Some Florida land deeds protect the grantor (seller) and the grantee (buyer). For these warranty deeds, Florida offers several different types. Land deed examples include the general warranty deed, which is the most protective, to the quit claim deed, which offers virtually no protections. What is a warranty deed in Read More

What is a Shell Company & How is it Formed? Are They Legal?

When most people think of a shell company, they think of an illegal operation designed to hide assets or avoid taxes. But the truth is that there are plenty of legal reasons why someone might want to set up a shell company. So, what is a shell company, and how is it formed? What is a Shell Company? Our Definition Any shell company definition can be a little bit confusing. This is because there are several Read More

What’s a Holding Company Structure? Types, Benefit & Example

What is a holding company and what do holding companies do? The short answer is that a holding company is a corporate entity that owns shares or a controlling interest in other businesses, known as subsidiary companies. There are several different types of holding companies, which may be structured as corporations or limited liability companies (LLCs). A holding company structure has several benefits, including Read More

Shell Company vs Holding Company: What’s the Difference?

Sophisticated and high-net-worth business clients often hear about the conversation between the use of a shell company vs holding company for furthering their corporate interests. While they have similarities, in theory, their differences lie in their practical applications and surrounding connotations. Here, we unpack some of the use cases for these business entity structures and provide an informative Read More