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Unless You are the Sole Shareholder of a Corporation, You Need a Shareholders’ Agreement

August 31, 2020

A shareholders’ agreement is a contract among the shareholders of a corporation (with typically the corporation also as a party) setting forth the rules by with the shareholders are to act in relation to one another and the corporation.  The agreement can document key issues such as how shares can be sold, what happens if…

Estate Planning After Divorce

July 31, 2020

“I’m getting divorced.  What happens to my estate plan?” Someone asked me that question just recently, so I wanted to take this opportunity to highlight a few items to consider: 1. Revocation of Existing Joint Trust You may need to revoke your existing joint Trust with your soon-to-be or now ex-spouse.  Some family law attorneys…

Estate Planning is Important for Everyone, Not Only the Wealthy

June 30, 2020

Estate planning is not only for wealthy persons.  Although it is commonly believed that an estate plan is only advantageous for those who have numerous assets, it really is beneficial for anyone who wants to prepare for the future.  A properly drafted and funded estate plan can save your loved ones time and money in…

Nonprofit Organizations Have Been Significantly Impacted By COVID-19

May 31, 2020

The outbreak of COVID-19 in the U.S., the state and local governments’ responses to it, and the resulting impact on the general public, have significantly affected nonprofit organizations.  Charitable organizations that provide food and other basic necessities and services, including those that support medical and mental health needs of the public, are facing increased demand.…

Disadvantaged Business Enterprise Certification Can Grow Your Business

April 30, 2020

Certification as a business owned by a socially and/or economically disadvantaged individual or group of individuals can provide a company with a competitive edge when bidding on contracts with government agencies, Fortune 500 corporations, and many other businesses that have certain set-asides. Common certification programs include: woman-owned businesses (WBE), minority-owned businesses (MBE); veteran-owned businesses (VBE…