Every corporation and many other entities are required or chose to have a board of directors. Most business people understand that a board is responsible for the overall direction and control of the company, but it is usually less clear what each person on the board...
In an athlete agency contract, a student-athlete authorizes the athlete agent to negotiate or solicit an endorsement contract or a contract with a professional sports team for the student-athlete. The Uniform Athlete Agents Act (UAAA) and its 2015 revision created...
It’s a tricky business being a professional sports agent – especially when its comes to representing student-athletes. To protect student-athletes and educational institutions, the Uniform Athlete Agents Act (UAAA) – and its 2015 revision – require athlete agents to...
Professional athletes make serious money. We’re talking an average yearly salary of $5.15 million in the NBA. Given this earning potential, it makes sense that the agents who represent professional athletes operate in a highly competitive commercial marketplace. Who...
Structuring Cooperatives Kim Lowe Avisen Legal, P.A.
Social Enterprise Structuring: Measuring your Impact with a Benefit Corporation October 9, 2017 Kimberly Lowe Avisen Legal, P.A.
Under both the Minnesota Business Corporation Act (MCBA) and the Minnesota Revised Uniform Limited Liability Company Act (MRULLCA), a corporation or limited liability company must be “formed” by either an incorporator or organizer. This “persons” name and address must...
The Minnesota Business Corporation Act, Minnesota Chapters 302A (MBCA), includes two provisions – Cumulative Voting and Preemptive Rights – that automatically apply to a corporation formed under Minnesota unless these provisions are change in the Articles of...
In order to form a business entity of any kind – for-profit, nonprofit, LLC, S-Corp, C-Corp, Cooperative, benefit corporation or Partnership, you must have a name. No name; no entity. The laws for naming a business are fairly straight forward and these rules apply...
C Corporation S Corporation LLC Formation Requirements File Articles of Incorporation with Secretary of State. File Articles of Incorporation with Secretary of State. File Articles of Organization with Secretary of State. Other Documents to Consider at Formation ·...
Blueprint for Board Success Governance Professionalism on Nonprofit Boards PowerPoint by Kim Lowe
Most of the time when a business owner is selling his or her business, the focus tends to be on valuation. And this makes sense. There are many ways to value a business. But some business owners move beyond purchase price, and focus on more subjective issues such as...
When business entrepreneurs want to start a new business, one of the first questions they must grapple with is State of Incorporation. Generally, the decision is between the state where the entrepreneur lives and works or Delaware. Determining what state in which to...
You are not alone if you refer collectively to benefit entities as B Corps. Just about everyone does. Unfortunately, a benefit corporation is not a B Corp and a B Corp is not a benefit corporation. Here is a quick explanation as to how they differ. According to B Lab,...
“Listen to many, speak to a few.” William Shakespeare, Hamlet According to BoardSource, “too many board members and boards . . . don’t have a strong understanding of their roles and responsibilities.” A challenge for board members on both for-profit and nonprofit...
