Bite-Sized Bits of Knowledge

Transfers – Involuntary Termination of Employment or Membership Interests

Termination of employment is a common trigger of an involuntary transfer. If you give a key person equity, and they leave the closely held company, then typically they cannot and reasonably should not retain their shares. They are are exceptions, but this is a common paradigm of thought.

Don’t forget to download our FREE:

Business planning stress test

https://legacy.haimolaw.com/Business-Planning-Stress-Test

Florida business entity comparison chart

https://legacy.haimolaw.com/business-entity-comparison-chart

Additional Resources: 

 Video Ads Mastermind business accelerator from the highly credentialed Tall Oak Consulting; helps businesses level up in a straight line, minimizing the painful process of learning and adjusting, to achieve founders’ particular goals. 

https://haimolaw.krtra.com/t/1wUjsqaKxza4

 99 Designs – economical design for your initial IP

https://99designs.qvig.net/n1o0E7

Protect your family, assets and business, and gain the peace of mind of knowing you’re prepared and in control. You may feel apprehensive about estate planning, but it doesn’t have to be this way. We’ll help you achieve your estate planning goals and ensure you feel accomplished and confident. With our 4-step unique proven process, leaving a legacy you can be proud of is easier than you think. The alternative can mean significant taxes, court, costs, conflict (litigation) and a host of unpleasant and destructive surprises. Call us to get started today at 954-228-3369.

Offices in Plantation, Florida and Sound Beach, New York (Long Island).

Advanced Care Directives
Asset Protection
Business Planning
Business Succession Planning
Estate Planning
Probate Administration
Trusts
Trust Administration
Wills

Additional resources

These videos neither constitute legal advice nor create an attorney-client relationship between you and Haimo Law. For more information, click here: https://www.haimolaw.com/legal-disclaimer/

YOU ARE NOT OUR CLIENT UNLESS WE EXECUTE A WRITTEN AGREEMENT TO THAT EFFECT. MOREOVER, THE INFORMATION CONTAINED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. EACH SITUATION IS HIGHLY FACT SPECIFIC AND EXCEPTIONS OFTEN EXIST TO GENERAL RULES. DO NOT RELY ON THIS INFORMATION, AS A CONSULTATION TO UNDERSTAND THE FACTS AND THE CLIENT’S NEEDS AND GOALS IS NECESSARY. ULTIMATELY WE MUST BE RETAINED TO PROVIDE LEGAL ADVICE AND REPRESENTATION. THIS INFORMATION IS PROVIDED AS A COURTESY AND, ACCORDINGLY, DOES NOT CONSTITUTE LEGAL ADVICE.

Categories

CALL NOW