How many times have you heard parties say that this is our “standard” language that we use in all our agreements, e.g., it is just boilerplate so it can’t be changed? Here is an example of where one party ignored the boilerplate, and it cost them over $714,000.
Read MoreHere is an interesting article that discusses the fiduciary duties of the board of directors when the company starts to slide into insolvency. You can read it here.
Read MoreYou made the decision to form an entity to help “limit” your personal liability, so take the time to maintain the entity and keep corporate records. Here is an interesting article that discusses the importance for maintaining the corporate minute book. Click here to read more.
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