Another Day, Another Deal Without a Contract

This morning I received a call from a small business owner who had negotiated to sell all her inventory to a buyer for $60,000. The parties agreed that payment would be made over several months. The buyer drove in from another state, picked up all the inventory in a truck, and drove back home. The seller hasn't heard from her ... Continue Reading

What rights do I have as a Shareholder against the directors and officers of a Louisiana Corporation?

As a shareholder of a corporation, you’re not responsible for the management of direction of the corporation. You’re simply an investor, and you put your trust in the officers and directors of the corporation to make prudent choices for your investment. When the officers or directors make a mistake,  you may have rights ... Continue Reading

Resolving Disputes Quickly through Mediation

A few months ago, I had a client tell me that he wanted to resolve a dispute quickly, even if it meant he would have to spend a bit more money. I recommended a meditation. The other side agreed to mediate, and the mediation was held a couple of weeks ago. Now, a case that could have lingered in the court system for a few years ... Continue Reading

How can I contribute more funds to my business?

Sometimes a business will require a cash infusion in order to continue operating. If you’re the sole owner the of LLC, it’s relatively easy to make a capital contribution to your business by transferring money from your personal account to business account. This transaction becomes more complicated when there are multiple ... Continue Reading

Changing the Members or Managers of a Louisiana LLC

If you want to change the Members or Managers of your LLC, the Louisiana Secretary of State offers Form #938A, “Change of Members and/or Managers-Louisiana Limited Liability Company.” Sometimes, filing out that form is all you need to do. What else might you have to do? That depends on your operating agreement. Your operating ... Continue Reading

Working More than 40 Hours a Week May Be Unproductive

I read this article about a week ago which cites in-depth studies done by Ford and other large corporations which find that an 8-hour, 5 day-a-week work week is the most productive schedule. I know that my work weeks are generally much more than 40 hours, but I’m considering scaling back to see how this research would apply to ... Continue Reading