Private Company Board of Directors

A private business has choices to make when it comes time to develop a board of directors. Companies organized as a C or S corporation are required to have a board. Delaware and Massachusetts law permit a minimal board consisting of one member. Most states require more than one board member. All states require S…

Read More

Small Business Uses for Life Insurance

Succession Planning and Buy-Sell Agreements Succession planning is critical for business owners preparing to transfer their ownership interest in the business to partners or heirs should they die, become disabled or choose to leave the business for any reason. A buy-sell agreement is a legal document detailing how a business owner’s shares will be distributed…

Read More

Business Valuation Techniques

Most business owners conduct their business with little in-depth knowledge about the value of their company. Whether the company is worth $15 million or $26 million makes little difference in how one manages a business on a day to day basis. While one can argue it should be relevant in long term business planning, most…

Read More