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How are director’s votes conducted and counted in a closely held corporation?
In New York and generally, directors’ votes are counted on a per person basis. It bears noting that in Delaware, if the corporation wants...


How are shareholder’s votes conducted and counted in a closely held corporation?
Shareholders votes, within a class of shares, are counted based on the number of shares they have. Shareholders may vote in person or by...


Can you assert a CPLR 3213 motion for summary judgment in lieu of complaint as a counterclaim?
CPLR 3213 permits the use of a motion for summary judgment in lieu of a complaint where an action is based upon an instrument for the...


Should you use fixed pricing in valuation provisions in a shareholder’s agreement?
Valuation provisions are the heart of a shareholders’ agreement. The parties must agree to the circumstances and pricing for any...


How can you use a corporate advisory board to scale a company?
Mature companies have formal boards of directors. A board of directors manages “the business of a corporation.” BCL § 701. The board...


What are key steps to take to minimize the piercing of the corporate veil?
A corporate veil insulates the personal assets of shareholders of a corporation (or members of a limited liability company) from the...


How do you draft transfer provisions in a shareholders’ agreement or by-laws?
As part of the formation of a corporation, it is essential to prepare by-laws which set forth how the corporation will operate. Where...


Celebrating a Successful Joint CLE/CPE Valuation Presentation
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...


How can you protect a family business with corporate formalities?
Family businesses are often run more like a family affair than like a business. They often don’t have a board of directors, corporate...


What clients need to know about the role of a corporate officer, director, or shareholder
In representing growing businesses, it is important to help clients understand the structure and role of people in their corporation. ...
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