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If you are building your business, it is in your best interest to understand the roles that Corporate Officers and Corporate Directors will play in your planning and development. In this companion article, our Iowa corporate legal team helps you understand the powers and duties of Corporate Officers and Directors.
We cover such topics as:
· What do Corporate Officers handle?
· What are the different kinds of Corporate Officers?
· What do Corporate Directors handle?
· What is a Board of Directors?
· What is the difference between Officers and Directors?
· What can lead to the expulsion of a Corporate Director?
For more information on Iowa corporate law, check out our Iowa business attorneys' videos.
The coronavirus pandemic has put all businesses into a unprecedented set of circumstances. Accordingly, Iowa businesses should be aware of how "force majeure," or an extraordinary event or set of circumstances that prevents individuals from performing typical duties for a business, can be applied to the 2020 coronavirus pandemic situation.
In this article, our Iowa corporate attorneys outline what you need to know about force majeure clauses in Iowa contracts during the pandemic. We spell out what events trigger a force majeure in a contract, how force majeure clauses should be written into business contracts, and how to seek relief if you believe the COVID-19 pandemic has completely prevented you from performing to the expectations of a contract.
If you are looking towards a buy-sell agreement for a Closely-Held Corporation, LLC, or partnership, you need to know how much your business is worth to have any chance at successful negotiations. Our Iowa corporate lawyers are here to help you know how to know the value of your Iowa business, and has created the following companion article on determining fair market value for Iowa buy-sell agreements. In it, we outline the formulas used to determine your business value, as well as clarify how the business value differs from the purchase price.