November 26, 2019

Mature companies have formal boards of directors. 

A board of directors manages “the business of a corporation.”  BCL § 701.  The board establishes binding resolutions for the corporation and appoints and controls corporate officers.

With a formal board of directors...

November 19, 2019

A corporate veil insulates the personal assets of shareholders of a corporation (or members of a limited liability company) from the assets of the corporation, thereby protecting such assets from claims against the corporation. Without this shield, if a corporation has...

November 13, 2019

       As part of the formation of a corporation, it is essential to prepare by-laws which set forth how the corporation will operate.

Where there are multiple shareholders, it is also a good idea to state how the shareholders will work together within th...

November 10, 2019

Thank you to all of our panelists and attendees for making this joint CLE/CPE presentation on valuation a great success. And thank you to the Westchester Women's Bar Association and the New York State Society of CPS's, Westchester Chapter for supporting this event.

November 7, 2019

Family businesses are often run more like a family affair than like a business.  They often don’t have a board of directors, corporate by-laws, shareholder’s or director’s meetings, or corporate resolutions.

While this informality is both understandable and common, it a...

November 5, 2019

In representing growing businesses, it is important to help clients understand the structure and role of people in their corporation.  With that client understanding, an employment attorney or other professional can be assured that client actions are taken with and by...

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