Fiduciary Duty Litigation
A fiduciary duty is an obligation that exists in a relationship in which one of the parties has the best interest when acting on the other party/es behalf. There are multiple types of fiduciary duties. Some examples can be the obligations between lawyers and clients; shareholders and directors; between business partners; and many others where […]
What Is an Accredited Investor?
230.501 Definition of Accredited Investor as used in Regulation D A section 501 accredited investor means someone that fits the criteria of Section 501’s definition of “accredited investor.” A legal term of art defined under Regulation D found in Section 5 of the Securities Act of 1933. An “accredited investor” means a person or legal […]
Why Do You Need a Buy Sell Agreement Lawyer
A buy-sell agreement is a legally binding contract between the owners of a business where they agree on what happens to a partner’s shares in the event of life-changing situations that may result in chaos that could potentially ruin the business and bankrupt its owners, assuring the remaining owners that the business will carry on […]
An Attorney’s Guide to LLC Operating Agreements
If you’re an entrepreneur looking to form a limited liability company (LLC), it’s important to understand the importance of creating an LLC operating agreement. This legal document outlines how your LLC will operate and helps protect your business and its owners. In this guide, we’ll cover everything you need to know about how to create […]
How To Raise Money Through A Private Placement Memorandum
A PRivate Placement Memorandum (PPM) is a complex legal document that provides great detail into a company and offers a portion of its ownership for sale to an investor, often an Accredited Investor as defined under Regulation D for the SEC. Private Placement memorandums could be used to raise capital when a company cannot otherwise […]