Tag Archives: business

Can Your Business Survive the Loss of a Key Person?

Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance.

But for some businesses, operations would come to a grinding halt without certain essential contributors—key persons as we call them. If your business includes any key persons then key-person insurance should be a part of your business insurance...
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LLC Management: Who Should Run the Shop?

Determining who will manage the day-to-day affairs of your business is an important decision.

Knowing this from the beginning is important for the success of your business, but also because your Limited Liability Company (LLC) operating agreement demands it. Luckily, LLC operating agreements are very flexible and the management structure can be tailored for your business’s...
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5 Key Benefits of a Well-Written Job Description

Although the main purpose of a job description is obviously to describe a job, it also serves a much larger purpose. A well-written job description can improve a company’s ability to manage employees in many ways.

A well-written job description will do the following:

  1. Clarify expectations. Employers need to spell out their expectations of what an...
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Transferring LLC Membership Interests Part 3

Part 3—Involuntary Transfers

In the third part of our three-part LLC Membership series, we're discussing involuntary transfers. To get caught up you can read our previous blogs on LLC Membership Overview and Voluntary Transfers. An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or the occurrence of...
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