Our goal is to provide thoughtful, practical and helpful insights on a variety of legal issues related to the ownership and management of family businesses.
Articles: 1-10 of 35
Thinking of Selling Your Family Business? Some Preliminary Steps.
USA - June 13 2018 As the M&A market stays active, more and more family-owned businesses are selling to third parties. Many of these transactions involve sophisticated…
MA SJC Rules on Merger-Related Fiduciary Duties
USA - June 7 2018 Many operating businesses in Massachusetts are set up as limited liability companies rather than corporations. Limited liability companies can engage…
MA SJC Rules on “Termination for Convenience” Provisions
USA - May 23 2018 In a recent decision, the Massachusetts Supreme Judicial Court ruled that governmental entities have great flexibility to terminate agreements with…
Do Shareholders Need to Make a Demand Upon the Board of Directors Before Filing Suit on a Family-Owned Corporation’s Behalf?
USA - May 4 2018 When a shareholder claims that a director or officer has harmed a corporation through his or her improper conduct, these claims typically must be…
Family Business Owners Should Be Aware Of Statutory “Deadlock” Provisions
USA - April 3 2018 Many family businesses run smoothly for years, until the business is sold or passed on to the next generation(s). There are, however, those…
Should an Estate or Trust Operate a Decedent’s Family-Owned Business?
USA - March 21 2018 When a business owner dies, his or her ownership interests often become part of a probate estate or are transferred to one or more trusts in order to…
Beware of Successor Liability Claims in Connection with Family-Owned Businesses
USA - March 7 2018 A corporation ordinarily is not liable for the debts of other entities or for the debts of its owners in the absence of an express agreement, such as…
Watch the Calendar When Considering Claims in Connection With a Family-Owned Business
USA - February 14 2018 Shareholders of family-owned businesses sometimes assert claims of misconduct against their co-owner relatives. These claims can take the form of…
Court Ruling Highlights The “Perils Of Going Into Business With Family Members”
USA - January 8 2018 An Indiana Court of Appeals recently ruled upon a dispute between a mother and her daughter and son-in-law (and their business) concerning the lease…
Thinking of Selling? Start Early, Build Your Team
USA - December 18 2017 As 2018 looks to be a favorable M&A environment, many business owners may come to the conclusion that it is time to sell the family business. While it…
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