A recent Nevada Supreme Court decision held that an officer or director of a Nevada corporation can act in a grossly negligent, uninformed, careless, or even reckless manner and still not violate his or her fiduciary duty of care to the company and the shareholders.... Continue Reading

Posted In: The Delaware Advantage

If the Act becomes law, any new U.S. corporation or LLC would be required (a) to make a filing under the Act providing information about its beneficial owner(s) or (b) qualify for an exemption from filing.... Continue Reading

Posted In: Business Strategies

This chapter of our look at selling your small business discusses the Term Sheet – an extremely important agreement created early in the negotiation process between a potential buyer and a business owner.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

This discussion of selling your small business provides an overview of the steps a small business owner should take to best prepare and position the business for sale once he or she has determined to sell.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

The FCPA makes it unlawful for certain U.S. persons, U.S. entities and foreign nationals in the U.S. to pay or give anything of value to a foreign government official in order to gain some benefit or otherwise induce the official to use his or her authority to benefit the person or entity.... Continue Reading

Posted In: Entrepreneurs & Start-Ups

It is a pleasure to introduce myself to our blog readers in this inaugural post. I am Harvard Business Services’ new General Counsel, and would like to introduce myself, discuss my background and to set out my hopes for my contributions to this blog.... Continue Reading

Posted In: About Harvard