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Continuing the Family Business After Its Founder Dies

July 6, 2021 by Lonnie_Finkel

Continuing the Family Business after the Founder DiesManaging a family business is difficult enough when the founding generation is still alive. When the founders pass, however, the legal, business and family issues become much more complex because the adult decision makers that everyone relied upon, respected, and listened to, are gone. The children of Robert Smith – Mary, Josh and Matthew – …Read more

Filed Under: Corporate Law Tagged With: corporate law, family owned business, legal protections

How to Better Run Your Family Owned Business

June 18, 2021 by Lonnie_Finkel

Family Owned BusinessDefining and navigating roles and responsibilities in any business is fundamental to the success of that enterprise. To create a culture of professionalism and accountability, every member of the team must have distinct and clear responsibilities. This is often easier said than done in the unique environments that frequently define family businesses. Often, a family …Read more

Filed Under: Corporate Law Tagged With: business advisors, family owned business, succession planning

Beware of Successor Liability in Connection with Family Owned Business

March 22, 2018 by Lonnie_Finkel

Successor Liability ImageA corporation ordinarily is not liable for the debts of other entities or its owners in the absence of an express agreement, such as a guarantee. However, a creditor of one company may try to impose liability on one or more non-debtor entities under “alter ego” or “successor liability” theories in certain circumstances. In these …Read more

Filed Under: Litigation Tagged With: agreements, business bankruptcy, family owned business, Litigation

   

Litigation Posts

  • United States Supreme Court Addresses Corporate Separateness and Defendant’s Profits Under the Federal Lanham Act for Trademark Infringement
  • Enforcing Your Company’s Trademark Rights: Remedies for Infringement and Principal Defenses to Infringement Claims
  • Enforcing Your Company’s Trademark Rights: Infringement Litigation
  • Protecting Your Company’s Real Property Rights Through the Federal Courts
  • Remedies Available in Federal Court to Help Resolve Business Disputes

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