Legal Articles

Corporate/Business Counsel & Unauthorized Practice of Law

Sometimes as a business owner having an attorney isn’t just a mere luxury or convenience, it’s a legal requirement. More specifically, in litigation, corporations must be represented by an attorney — either in house counsel or outside counsel. The reason for this flows from Missouri Revised Statute Section 484.020.1: No person shall engage in the…

Business/Corporate Buy-Sell Agreements & Departing Business Owners

Buy-Sell Agreements are in place to address what happens to a departing business owner’s shares/interest in a business. Can the departing owner take them with him and still collect profits? Do they automatically revert back to the business or other owners?  What happens if the departing business owner is forced out? Does it matter if…

Funding Buy/Sell Agreements — Purchase & Restrictive Transfer Agreements

“Buy/Sell Agreements” are internal contracts between members, shareholders or owners of a business that spell out what happens to the shares of a departing business owner. They are designed to address and mitigate the business problems that arise when one of the owners of a business dies, retires, becomes disabled or departs. One of the…

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