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Can Your Business Survive the Loss of a Key Person?

Can Your Business Survive the Loss of a Key Person?

Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance.

But for some businesses, operations would come to a grinding halt without certain essential contributors—key persons as we call them. If your business includes any key persons then key-person insurance should be a part of your business insurance...
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Business, Business Planning, Business Succession
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LLC Management: Who Should Run the Shop?

LLC Management: Who Should Run the Shop?

Determining who will manage the day-to-day affairs of your business is an important decision.

Knowing this from the beginning is important for the success of your business, but also because your Limited Liability Company (LLC) operating agreement demands it. Luckily, LLC operating agreements are very flexible and the management structure can be tailored for your business’s...
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Davis Law Group
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Does the “Corporate Veil” Really Protect Your Personal Assets?

Does the “Corporate Veil” Really Protect Your Personal Assets?

If you’re starting a business, you may have started to do your homework to weigh your options for what kind of business entity you want to create.

You’ve likely considered the tax and non-tax implications for the different types of entities. If so, then you’ve probably also run across information on protections certain business entities afford...
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Business, Business Planning, Workplace law
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Transferring LLC Membership Interests Part 3

Transferring LLC Membership Interests Part 3

Part 3—Involuntary Transfers

In the third part of our three-part LLC Membership series, we're discussing involuntary transfers. To get caught up you can read our previous blogs on LLC Membership Overview and Voluntary Transfers. An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or the occurrence of...
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Business, Business Planning, Business Succession
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