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  1. Management of an LLC – Members and Managers and Boards, Oh My!

    Limited liability companies are entities created by state statutes that have their rights and responsibilities governed by a contract—typically called an Operating Agreement—among the owners.  This gives the owners/member of the LLC, great flexibility in creating the entity, but also …

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  2. Ownership Interests in an LLC – The Options are Endless!

    Limited liability companies are entities created by state statutes that have their rights and responsibilities governed by a contract – typically called an Operating Agreement – among the owners.  This gives the owners/member of the LLC, great flexibility in creating …

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  3. Tips for Preparing Your Small Business for Sale

    If you are planning to sell your small business in the near future, there are a few basic steps you can take to prepare your company for the sale process and which will help save time and headaches down the …

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  4. Real World Business Contracts – Key “Do’s & Don’ts”

    An exciting moment for any entrepreneur is reaching an agreement with regard to providing deliverables or services to a customer or receiving same from a vendor.  You have had discussions with your counterpart and exchanged a few emails to reach …

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  5. Is Your Company’s Confidentiality Agreement Unenforceable?

    Your company’s confidentiality agreement with its employees is not worth the paper it is printed on if it cannot be enforced. An unenforceable confidentiality agreement might even be worse than having nothing at all, since it might lull management into

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  6. Letter of Intent – Necessary or Not?

    Letter of Intent, Term Sheet, Indication of Interest, and LOI are all terms for basically the same thing: a document that describes the terms of a future transaction.  Each has a different style and is more or less specific about …

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