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Types of Lawsuits Filed Against Boards of Directors
While corporation boards of directors maintain considerable authority, the ultimate authority is its shareholders, who have a vested interest in the company’s success. Shareholders are individuals, companies, or others who own at least one share of the corporation’s stock, giving them partial ownership in the company. Shareholders have a majority or minority interest in the…
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What Are the Risks and Benefits of Buying a Foreclosed Home?
For those in the market for a home, foreclosures are an attractive option. While the potential to save money is always appealing, there are several risks associated with buying a foreclosed real estate property that must be taken into consideration. The most common types of foreclosures are pre-foreclosures, judicial foreclosures, and trustee sales. Pre-foreclosure is…
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What Is Corporate Litigation?
Corporate litigation is the practice of trying or defending disputes between corporations or businesses. A corporate litigation attorney manages numerous minor to significant legal concerns that regularly occur during the course of business operations. Corporate litigation differs from other forms of litigation in that it encompasses not only legal proceedings, but measures taken to avoid…
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How Do Lease Buybacks Work?
A lease buyback, also known as a leaseback, is a real estate transaction in which the seller sells the property to the buyer and then leases it back from the seller for a short period of time. Both the seller and the buyer can benefit from this transaction as long as everything goes well, which…
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What Should Be Included in an LLC Operating Agreement?
An LLC operating agreement is an essential document. It outlines the ownership of the company, how it is managed, and the rights and responsibilities of all those involved. Without a properly drafted agreement, you are leaving your business open to potential legal problems down the line. Here are some of the most important items to…
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What Are the Benefits of Setting Up an HOA?
A homeowners’ association (HOA) is a non-profit organization that maintains and enhances the quality of life in the development while protecting property values. An HOA can be beneficial for both homeowners and developers alike, but it is important to understand what setting up an HOA entails before starting one. The main benefit of an HOA…
