Frequently Asked Questions
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Business Matters
- Why should my business incorporate?
- Should our business be incorporated in Nevada or Delaware?
- What is an S Corporation?
- What is a transaction?
- What are some examples of transactions?
Estate Planning
Webster dictionary, TRANSACT “to do, carry out, perform, manage or conduct (business or affairs), to do business with; negotiate.
Blacks Law Dictionary, TRANSACT “To undertake negotiations; to carry on business; to have dealings; to carry through; bring about; perform; to carry on or conduct; to pass back and forth as in negotiations or trade; to bring into actuality or existence. The word embraces in its meaning the carrying on or prosecution of business negotiations, but it is a broader term than the word “contract” and may involve business negotiations which have been either wholly or partly brought to a conclusion.”
TRANSACTION, “Act of transacting or conducting any business; between two or more persons; negotiation; that which is done; an affair. An act, agreement, or several acts or agreements between or among parties whereby a cause of action or alteration of legal rights occur. It may involve selling, leasing, borrowing, mortgaging or lending. Something which has taken place, whereby a cause of action has arisen. It must therefore consist of an act or agreement, or several acts or agreements having some connection with each other, in which more than one person is concerned, and by which the legal relations of such persons between themselves are altered. It is a broader term than “contract.”
What are some examples of transactions?
Entity Formation – involves getting together with a group of individuals who wish to start a company. The outcome depends on a myriad of factors including but not limited to (1) individual ownership ratios, (2) industry, (3) personalities, (4) tax advisor input and (5) long term goals.
Organization – involves advising entities on how the entity should govern itself and carrying out the proper procedures for such governance.
Contracts – involves everything and anything such as shareholder agreements, employment agreements, stock option agreements, promissory notes, license agreements, leases, business buy/sell agreements, acquisition agreements, security purchase agreements, mergers, joint venture agreements, basically anything someone has to agree to.
Mergers & Acquisitions – involves negotiation, advising on alternative approaches, liability ramifications, and state and federal law compliance.
Stock – involves issuing securities, state and federal law compliance, legal ramifications, and carrying out the proper procedures for all of the above.
Trademark/Copyright – involves protecting property rights in intellectual property, advising on the best approach and carrying out the proper procedures.
Real Estate – involves buying and selling property in business transactions.
Miscellaneous – involves anything the client wishes to accomplish.