June 2021 – Schwartz Law Firm

Published On - June 30, 2021

Brandon UncategorizedTags: business documents, business partner, partnership

GIVING YOUR BUSINESS PARTNERSHIP THE BEST CHANCE AT SUCCESS.

Few people go into a business relationship thinking about when the partnership will fail. Partnership agreements can help ensure that the business does not fail (at least not due to internal fighting) as well as set a path towards amicable separation should disputes arise. Of cours...

Published On - June 23, 2021

Brandon UncategorizedTags: direct claim

DIRECT VS. DERIVATIVE CLAIMS – WHAT IS THE DIFFERENCE?

If you business relationship has found its way to litigation or is on its way to litigation, you have likely heard the term “derivative” claims. But what is a “derivative” claim? What is the difference between a “derivative” claim and a direct claim? Hopefully this post provides so...

Published On - June 16, 2021

Brandon UncategorizedTags: SLC, special litigation committee

HOW DO I PREPARE FOR THE SLC?

We previously discussed what a Special Litigation Committee was and what the SLC does. The benefits on whether to appoint an SLC depends on which side of the derivative claim you find yourself. From the company’s perspective, the SLC can save the company significant time and expense in...

Published On - June 9, 2021

Brandon UncategorizedTags: litigation, partner dispute, SLC, special litigation committee

WHAT DOES “SLC” MEAN?

If your dispute with your partner has ended up in litigation, or maybe you have a friend or family member who has had a business dispute end up in litigation, you may have heard the term “SLC”. But what does that mean? SLC is an abbreviation for Special Litigation Committee. Th...

Published On - June 2, 2021

Brandon Uncategorized

PREVENTING PROBLEMS IN PARTNERSHIP/OPERATING AGREEMENTS.

Whether it be a small business owned with family, with friends, or with strict business partners, none of us go into business hoping for litigation. The Operating Agreement for a limited liability company (“LLC”) and the Bylaws for a corporation each respectively govern the internal relations ...

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GIVING YOUR BUSINESS PARTNERSHIP THE BEST CHANCE AT SUCCESS.

DIRECT VS. DERIVATIVE CLAIMS – WHAT IS THE DIFFERENCE?

HOW DO I PREPARE FOR THE SLC?

WHAT DOES “SLC” MEAN?

PREVENTING PROBLEMS IN PARTNERSHIP/OPERATING AGREEMENTS.

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