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Piercing the Corporate Veil is the exception to the rule

Piercing the Corporate Veil is the exception to the rule

Legal liability protection is one of the main reasons for corporate entities.  In most instances, these legal entities insulate owners from legal liability. While there are often tax, accounting and other important reasons for corporations and LLCs in a business or investment setting, at the very top of any list of reasons to establish and properly maintain […]

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Buy-Sell Agreements: Mistakes to Avoid (Part 2)

If you are in business, you almost certainly need to consider some sort of buy-sell arrangement. Don’t take my word for it, listen to the contributing writers are Forbes.com.  Though this article is not new, the applicability of the February 2011 article by Robert W. Wood, titled “In Business, Get a Buy-Sell Agreement!” has not […]

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When should you refuse to sign a personal guaranty as part of a bank loan?

When should you refuse to sign a personal guaranty as part of a bank loan?

Remember that “your” lender is in business to make money (from you) and he/she needs to EARN your business! I recently advised a client with regard to a large commercial loan that he is in the process of finalizing with a Utah bank. My client owns a highly successful business and is looking to expand […]

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