When you form a corporation, you are creating a new "person" that has its own obligations. In this case, you would want any liabilities of the...

My wife part owns a business 50/50 but when they started the business they never made out a contract, now she would like to sell

A written agreement between the two owners would likely have helped to make the purchase/sale easier, but the owners can agree at any time to buy...

I have an LLC currently, but would like to make it into a s-corporation.

As others have mentioned, often the desire to change an LLC to an S-corporation is based on tax. If this is the case, you may elect to have your...

My lease on a commercial property is ending in May. Do I need to make a formal request for a renewal?

The landlord is not required to renew the lease. If the current lease has specific rights or terms of renewal, those would govern this situation....

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Are members of an LLC allowed to call themselves something else publicly?

This question comes up frequently with LLC "Members" and "Managers". The terms aren't sexy and don't suggest authority to anyone who doesn't know...

What does a reasonable Term Sheet or agreement include?

Almost all terms in business to business contracts are negotiable. I wouldn't say there's a "standard" for the terms. You should look at the...

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