May 2020 Archives

How can you remove a member from your LLC after its formation?

When you initially form a limited liability corporation (LLC), you work with a group of people who have similar goals and values in order to take an idea and turn it into a viable business. These people become investors or members who have a financial – and perhaps operational – interest in the business you form together.

Are there benefits to setting up a shell company for my business?

Virtually all companies have employees and provide either goods or services to the public. However, this is not the case with shell companies. The primary goal of shell companies is to manage funds on behalf of another company, which typically does have employees and does offer something to customers.

How to avoid contract disputes

No matter the size of your company, contracts will be a crucial aspect of your business. You will need them to get started, and you will need them to grow. You may need contracts with vendors, employees and clients in the course of operations. It is essential that these contracts be legally binding and advantageous for your business.

Court of Appeal helps employees receive more for wrongful dismissal

A fundamental principle of wrongful dismissal damages holds that damages compensate employees for their actual economic loss. As an employee, if you win a wrongful dismissal case, you are entitled to receive severance pay for a notice period determined by the court. However, this award only applies to income you lost during that notice period.

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