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Can a buy-sell agreement require a shareholder who is NOT an employee to sell stock back to the corporation upon termination?
Frank's answer
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Answered on April 18, 2016
The simple answer is "yes" you can put trigger events (typical are death, disability, retirement/termination) in a buy-sell agreement, and buy-sell...
Archived
I want to recover my s-corp investment & loan upon exit and do not want to sign multi-year non compete. What are my options?
Frank's answer
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Answered on March 19, 2016
First things first – you or your attorney need to review the provisions of any shareholders’/buy-sell agreement that is in place (although it does...
Archived
Can my attorney obtain this contract for me?
Do I have a right to examine corporate documents if I am still a partner?
Frank's answer
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Answered on February 18, 2016
Under Sec. 1601 of the California Corporations Code, Shareholders of California corporations are entitled on written demand to inspect and copy...
Can an RMO recieve less than 20% distributions despite owning 20% equity?
Frank's answer
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Answered on February 18, 2016
I highly recommend you seek an experienced business attorney to help you set up your company and prepare shareholder/buy-sell agreements for you....
Archived
Do stock vesting schedules and transfer restrictions fall under DE corp law 151?
Frank's answer
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Answered on February 10, 2016
Transfer restrictions, vesting and other "internal" shareholder covenants should be contained in ancillary documents (such as a shareholder...
Archived
What would be the best option/action for me to take with my Nevada LLC, in order to use it in CA and save money in the long run?
Frank's answer
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Answered on January 25, 2016
If you and all your business operations are in California (i.e., you are making all your business income in California) there is really very little...
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