According to Shannon, „Marriage contracts are on the horizon. The courts have not yet taken this into account and tend to tamper with the Tribunal`s jurisdiction. There is no legislation on their enforceability. The report`s recommendations have not yet been implemented. There are also good arguments against maintaining prenups – or at least against […]

There`s another good reason why you need service agreements for directors, and that`s because your directors can have multiple roles within the company, as directors, shareholders, and employees. If you don`t agree in advance on your expectations about how the director is treated when he leaves, it can be difficult and disturbing to separate […]

In an executive-run LLC, members don`t run the business – members are actually investors, so they`re very interested in how and when they`ll see some money. This section states that profits and losses are valued annually and allocated to members in proportion to their share of the property. Once expenses and debts have been […]