What is a Professional Corporation? A professional corporation (“P.C.”) is a business entity formed under special state statutes which allow people that would otherwise not…
Sales warranties are guarantees that sellers make to people who purchase goods from them. The sales warranty rules apply only to the sale of “goods,”…
A Not-For-Profit Corporation Is Not Automatically a Tax Exempt Organization. There is often confusion between a not-for-profit corporation and a tax exempt organization. They are…
When one party (the “creditor”) lends money to another party (the “debtor”), the creditor often wants to receive collateral (a lien on something of value)…
Financing a Business One of the most important questions that face all businesses is how to secure financing to begin, continue, or expand operations. In…
In certain situations, shareholders may find it advantageous to enter into agreements with other shareholders regarding how the company should be run or who will…
Generally Arbitration Agreements Are Enforceable When faced with the question of whether or not to enforce an agreement to arbitrate, American courts routinely uphold the…