What is the importance of a deadlock provision in by laws or operating agreement?Where there are an even number of directors or managing members of an entity, there is the potential that an action requiring a majority...
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 clients need to know about the role of a corporate officer, director, or shareholderIn representing growing businesses, it is important to help clients understand the structure and role of people in their corporation. ...
What employment decisions rise to the level of corporate board matters?Which of the following corporate actions do you think requires board of directors' authorization: firing the CEO, laying off workforce,...