If you are considering selling your business and have not identified a buyer or want to potentially create a competitive bidding process, you should consider engaging an investment banking firm to facilitate the transaction. If you select the right investment banker,...
Our clients often approach us about whether they should take on a minority shareholder. Failure to understand and confer the rights owed to minority shareholders can have dire consequences for companies and corporations of all sizes. Minority shareholders may initiate...
OVERTIME: THE DIFFERENCE BETWEEN NON-EXEMPT AND EXEMPT EMPLOYEES If you are an employer, do you know if you are paying your employees correctly? And if you are an employee, do you know if you are being paid correctly? For small employers, one of the most common...
Watch the webinar! Recognizing the novelty of the Corporate Transparency Act, FinCEN is proposing to give new entities more time to file beneficial ownership reports. Under the law, entities formed on and after January 1, 2024, would have 30 days after formation to...
Litigation is painful, expensive, and time-consuming. Mediation often provides a smart path to avoiding this obstacle. If an issue arises that cannot be resolved between the parties, you contact an attorney, and your legal claim eventually gets filed in court. Let...
Greater Cleveland today is a thriving metropolis for family and closely held businesses employing many friends and neighbors as well as and providing career options for our offspring. That was not always the case. I began my career at Ernst & Ernst in the 70s...
Is Your Company in Position to Succeed? 11 Considerations from a Business Lawyer When we meet a new business client, we analyze whether the company is positioned to succeed legally. Not unlike a doctor’s visit, these are the focal points during that assessment:...
America is months away from a sea change in business law, thanks to the Corporate Transparency Act (“CTA”). [Read Mike’s original post on the Corporate Transparency Act by clicking here.] This law will add compliance obligations to every industry. The banking industry...
The Federal Trade Commission (“FTC”) recently proposed a new rule that would effectively ban non-compete agreements. The rule also impacts non-solicitation and confidentiality agreements that effectively function as non-competes. It may be that the FTC will succeed...
Happy New Year. This time next year, the corporate-law world will see a significant change. The Corporate Transparency Act will take effect on January 1, 2024, requiring almost every U.S. entity to report its ownership to the IRS Financial Crimes Enforcement Network...
