What is Specific Performance as a Legal Remedy?
November 11, 2019When a breach of contract occurs, there are a few different legal remedies to make the injured party whole, which is the goal of any civil remedy. The most common is a monetary damages award, which is compensation paid by the party that caused the breach. There are also equitable remedies, which relate to fairness …
DetailsHow to Dissolve a Business Partnership
October 28, 2019A common term for dissolving a business partnership is “business divorce.” It’s called a divorce because, in many ways, business partnerships are like a marriage. Partners are bound together both legally and emotionally, and a split can be as difficult or easy as the partners decide to make it. While it’s n…
DetailsTop 5 Risks to an LLC’s Personal Liability Protection
October 7, 2019There are several good reasons for entrepreneurs to set up their new business as a limited liability company (LLC) or corporation — chief among them being the personal liability protection that each structure affords the owners. However, there are situations where an LLC or a corporation will NOT provide pers…
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