Buying Out a Minority Owner; Is Now the Time to Consider?

Wed, 07 Jul 2010 09:00:00 GMT

by Kevin S. Woltjen
Are we still in a recession? When did we emerge from it; how bad was it? While economists will argue about such questions, most people will agree that a great number of Americans currently face financial stress. When people experience financial stress, they often curtail spending and more closely evaluate their various investments, especially when it is a minority ownership position in a private business. This newsletter discusses why current financial conditions might make now an ideal time for a business to consider buying out minority owners and addresses some legal concerns that might arise in such a buyout....

Out with the Old, In with the New (Sort of): TBOC Applicable to All Texas Entities January 1, 2010

Tue, 19 Jan 2010 09:00:00 GMT

by Luis F. Gomar
As of January 1, 2010, all Texas entities formed prior to 2006 are governed by the Texas Business Organizations Code (“TBOC”). An entity formed under any of the Texas Business Corporation Act, the Texas Limited Liability Company Act, the Texas Revised Limited Partnership Act, the Texas Non-Profit Corporation Act or other similar statute that has not previously elected early application of the TBOC and updated its governing documents accordingly may wish to review its governing documents now to determine whether they operate properly under the TBOC. Even if compliance with the TBOC is not a major concern, an entity may wish to review its governing documents to make sure that they do not contain provisions that are outdated.....

Strasburger Corporate and Securities News

Buying Out a Minority Owner; Is Now the Time to Consider?

Out with the Old, In with the New (Sort of): TBOC Applicable to All Texas Entities January 1, 2010