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Shareholder Personal Liability Audit

Limited liability is the primary reason most business owners incorporate their business. However, limited liability is not absolute. It is simply not enough to form a corporation to avoid personal liability. Under certain circumstances, Illinois courts have “pierced the corporate veil,” and held the Shareholder of a Corporation

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Book Review: Buy-Sell Agreements for Closely Held and Family Business Owners

Because the author, Z. Christopher Mercer, is a financial adviser who is writing about a subject involving legal issues, the editor of The Value Examiner asked me to assess, as part of this review, whether Mercer’s ideas and advice in Buy-Sell Agreements are legally sound.

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