New York City Office655 Third Avenue, 20th Floor
New York, New York 10017
(212) 490-2020 Phone
(212) 490-2990 Fax
Westchester Office399 Knollwood Road
White Plains, New York 10603
(914) 684-2100 Phone
(914) 684-9865 Fax
Dutchess Office21 Old Main Street, Suite 203
Fishkill, NY 12524
(845) 896-1106 Phone
(845) 896-1107 Fax
The business judgment rule is a legal concept that gives the directors and officers of a corporation a measure of protection against liability while they are conducting business for their corporation. Directors and officers are entrusted with the responsibility of managing the corporation’s affairs. In this role, they often face difficult questions concerning whether to [...]
Continue reading...A buy-sell agreement is meant to protect the interests of the business and all the partners involved by establishing guidelines for selling the business shares. A company’s buy-sell agreement should dictate when shares can be sold, in what manner they can be sold, and the price at which they can be sold. The agreement will [...]
Continue reading...Some people consider an investment in a Private Placement Offering (PPO) to be speculative and highly risky. While there is a certain amount of risk to investing in PPOs, there are regulations in place that are meant to protect those investors who choose to participate in these offerings. Generally, investors must meet the qualifications of [...]
Continue reading...In our post dated July 19, we noted that as a result of the adoption of the Wall Street Reform Act, one of the definitions of “Accredited Investor” was amended to exclude from the calculation of an investor’s net worth the value of the his or her primary residence. In late July, the SEC Staff [...]
Continue reading...Shareholder agreements are documents that provide businesses with a roadmap of how to act in certain situations. A shareholder agreement is negotiated and executed so that common procedures will be established before any business problems develop. Generally, the most important issues contained in shareholder agreements are those that address stock ownership. A shareholder agreement can [...]
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