If you are business owner in Tennessee, whether it is a corporation, LLC, or partnership, there are special considerations that must be taken into account when dividing up the marital property in a divorce. If the business has been formed or grown during the marriage, most likely part of the […]
Luke’s Blog
75 posts
This past weekend, I volunteered at the Nashville Pro Bono Clinic. While there, I met with multiple people who believed they had been wrongfully terminated. Tennessee is an “at-will” employment state, which means companies can fire an employee for any reason or no reason at all, as long as the […]
The Equal Pay Act amended the Fair Labor Standards Act (FLSA) to add protection for gender based differences in pay. The main point of the law is that all employees should receive the same wage for same or similar work. In order for an employer to be liable under the […]
There are many federal and state laws that regulate business. Many of them depend on the number of employees a company has as to whether or not the law applies to that company. I will be posting a series of blog posts on federal and state laws that apply to […]
Happy small business week to all the small business owners and employees here in middle Tennessee! From SBA website: Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of America’s entrepreneurs and small business owners. […]
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 […]
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 […]