A minority shareholder faces oppression when they are denied their rights as a minority shareholder or when the majority is acting against the best interest of the minority. Often, this happens in smaller companies when minority shareholders are not able to easily sell off their shares for profit. Majority shareholders are able to make business decisions regardless of the minority, often resulting in company decisions that benefit the majority shareholder, but hinder the minority.
In this article, we discuss eligibility for overtime pay under Illinois and Federal law and whether workplace changes due to coronavirus will affect eligibility. We also answer the following related questions: What are the guidelines for overtime pay under the Fair Labor and Standards Act?, What are the guidelines for overtime pay under Illinois law?, and Will non-eligible employees be eligible for overtime due to coronavirus emergencies?
An Indemnification agreement is an agreement between two parties providing that if one party is sued for a particular reason, the other party will cover the costs of defending the lawsuit as well as any damages that arise from the suit. It is a useful tool when two parties are intertwined in a larger transaction, and want to divide legal responsibility between them. It protects each party from lawsuits for which the other should be responsible.
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In this article, we discuss independent medical examinations and the legal requirements for Iowa workers’ compensations claims and answer the following questions: what is an independent medical exam?, can my Iowa employer force me to receive an independent medical examination?, can I request my own independent medical exam in an Iowa work comp case?, does the independent medical exam affect my Iowa work comp award?, and should I consult an attorney before my independent medical examination?
In this article, we discuss liability of partners under Iowa partnership laws and answer the following questions: What is a partnership under Iowa law?, Does the partnership agreement determine liability?, What are the rules for equal access to information under Iowa partnership law?, and What duties do partners owe to the partnership under Iowa partnership law?
In this article, we discuss buy-sell agreements in Iowa and answer the following questions: what is a buy-sell agreement?, when is a buy-sell agreement appropriate for a business?, what events does a buy-sell agreement cover?, how does a buy-sell agreement help in the death or disability of a business owner?, can a buy-sell agreement limit the sale of an owner’s stock?, and can a buy-sell agreement protect the company during involuntary termination of an owner’s interest in the business?
In this article, we answer the question "When is worker's compensation insurance required in Iowa?" and also answer the following related questions: How is an employee/employer relationship established for work comp purposes in Iowa?, When is worker’s compensation necessary in Iowa?, When are Iowa employers exempt from obtaining worker’s compensation insurance?, Do out of state employers have to provide Iowa worker’s compensation insurance?, What happens if an Iowa company does not obtain worker’s compensation insurance?, and How can an Iowa company obtain worker’s compensation insurance?
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
In this article, we discuss Indiana non-compete agreements and answer the following questions: how does Indiana handle non-compete agreements?, how does Indiana law determine if a non-compete is enforceable?, what is considered “reasonable” for non-compete duration and geographic scope?, and what options are available to enforce a non-compete agreement in Indiana?
A minority shareholder faces oppression when they are denied their rights as a minority shareholder or when the majority is acting against the best interest of the minority. Often, this happens in smaller companies when minority shareholders are not able to easily sell off their shares for profit. Majority shareholders are able to make business decisions regardless of the minority, often resulting in company decisions that benefit the majority shareholder, but hinder the minority.
If you’ve ever had “buyer’s remorse,” this article is for you! We have all made purchase decisions in the heat of the moment and regretted them later. Fortunately, Indiana consumer laws provide specific cancellation periods for several types of contracts between individuals and businesses.
A minority shareholder faces oppression when they are denied their rights as a minority shareholder or when the majority is acting against the best interest of the minority. Often, this happens in smaller companies when minority shareholders are not able to easily sell off their shares for profit. Majority shareholders are able to make business decisions regardless of the minority, often resulting in company decisions that benefit the majority shareholder, but hinder the minority.
An Indemnification agreement is an agreement between two parties providing that if one party is sued for a particular reason, the other party will cover the costs of defending the lawsuit as well as any damages that arise from the suit. It is a useful tool when two parties are intertwined in a larger transaction, and want to divide legal responsibility between them. It protects each party from lawsuits for which the other should be responsible.
Incorporating a business is important for two primary reasons: (1) to protect personal assets from business creditors; and (2) to obtain favorable tax treatment for all business income. For more on this, please read our previous article: Why Incorporate Your Business?
Make a consultation reservation online using our online scheduling tool.
Our team of friendly professionals are standing by to take your call now at (630)324-6666.
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