I hear many excuses from business owners on why they don’t have their contracts reviewed by an attorney. Most complain that lawyers are too expensive and it will kill the deal. While retaining a lawyer can be an expensive step, it does not have to be. I have positioned myself […]
Luke D. Bottorff
60 posts
Ask any business broker about selling a business, and one of the first things they are going to ask for is documentation. Financial records are very important to any valuation, but there are many other legal documents and issues that need to be addresses, such as ownership interest, proper filing […]
Having a properly drafted operating agreement is a very important step in the LLC formation process. There are many topics to address in the operating agreement, including management of the company, distribution of profits, member’s rights to sell interest, and termination of the LLC. If the operating agreement does not […]
Forming a non profit company in Tennessee has many of the same requirements that a for profit company does. It is very important to follow all the steps correctly to insure the non profit is able to function properly within the state. Below are the requirements for the initial charter. […]
Did you know the laws in Tennessee regarding merger, share exchange, and conversion changed at the beginning of 2013? Below is one of the new statutes that sets out some of the rules for a merger. If you are planning to merge two companies, you should make sure you consult […]
You often hear Tennessee is a right to work state. Have you read the statute that sets out the right to work? If you are the owner of a business in Tennessee, you should familiarize yourself with the right to work statute as well as what is considered employment contracts […]
Read my post from McNulty & Associates, PLLC on LLC dissolution. Luke D. Bottorff Business Attorney Nashville, Tennessee
A recent blog post from McNulty & Associates, PLLC: As business owners, do you have your contracts reviewed by your attorney before you sign them? After you sign them? Only when issues come up? Many times we are contacted because of potential litigation over a contract, whether it is an […]
Having a disaster plan in place is important no matter what size your business is. As spring is here, storms will be rolling through middle Tennessee on a regular basis. Those of us who were downtown Nashville during the May Flood of 2010 remember the devastation that can happen. We recommend disaster […]
If you are a business owner and have received a charge from the EEOC, you should contact a Tennessee attorney to help with your defense. Often a strong initial defense can help quickly dismiss a charge, keeping your costs lower to defend the case. For more information on the charge process, the […]