Suing a defunct business that owes you money can be a challenge. However, a lawsuit may still be possible to commence a lawsuit against a business that no longer exists.
Limited Liability Companies and corporations typically protect owners from personal liability from a company’s debts and lawsuits — this protection is called the “corporate veil.” Exceptions to this protection exist
Business law exists in two distinct worlds —theory and practice. While theory may be found in textbooks and legal principles, lectures, and ivory towers; practice is something that attorneys experience
Due diligence is a critical step toward closing the deal when buying or selling your business. This phase comes after the letter of intent has been provided — and before
Selling a business can be complex. A business sale involves considerable negotiation. After the buyer and seller have come to a basic agreement regarding the business sale, the buyer will
Corporate reorganization refers to the process of making substantial changes regarding the structure of a business. Corporate reorganization is meant to improve the entity’s efficiency, profitability, and strategic position in
In the first part of this blog series, we discussed types A, B, and C corporate reorganizations. The Internal Revenue Code provides other ways a company can be restructured. Types
Privity is between the promisor and promise — the individuals who are the contracting parties. Some contracts draw in people other than the parties to the agreement. For example, a