27/9/2019 0 Comments Have You Ensured That Your Company Is In A Good Standing With A Buy-Sell Agreement?A successful Multiple Owner Company has covered all aspects from legal to financial to ensure their company is in good standing and well protected. They have all their plans in place including written plans, written back up plans, and written contingency plans, They also have written employment guidelines, written procedure manuals, and written operation manuals. Keep in mind, your accounting and finances must also have guidelines and procedures. You should also have drafted projections and forecasts in place for your company and the market.
Always have good counsel advice to ensure your MOC is not caught off guard! Unfortunately, many MOCs do not have good counsel when it involves a buy-sell agreement (BSA). The advantage of a BSA, it has regulations for the owners regarding how ownership interests can be transferred or sold among themselves or to a third party, with or without the owner's consent. Your BSA will step in when someone tries to make a sale to a third-party, if an owner or partner is let go for poor business practices or other situations and when an owner's personal issues get in the way, causing harm to a multiple owner company (MOC) including divorce, bankruptcy, death or other situations. There are many new MOCs that have reached out to us looking for an attorney to fix issues between owners. They were never advised to have a BSA in place and now they will pay a great deal more to resolve the disputes among the owners that could seriously threaten the operation of their business. Good counsel is highly recommended to ensure owners have a good BSA to address any of the issues already mentioned as well as many other issues that are unforeseen including the transfer or sale of an ownership interest. A buy-sell agreement will help control any disruptions within your business and will address issues that are causing conflict among the owners including the sale of an owner's interest. If you do not have a buy-sell agreement for your MOC, you could face litigation and spend thousands of dollars. For only $1,000, you can have an excellent BSA in place to protect you from many issues including the most common which is selling an ownership interest. Click here to continue. - Yoel Molina,Esq. ‘Our only goal is your success’
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Let's face it, all your investments play a major role in your financial planning. It's really important that you consult with a financial planner and see if a BSA (buy-sell agreement) is needed for your financial planning. A buy-sell agreement can protect your investments against third-parties or partners that could harm the value of your ownership investments in the company. Our law office can put together a BSA draft to protect your investments and that of your partners. For a low fee of $1,000, we will create a BSA that works for your financial investments. Click here to hire us now.
Along with your business partners, you have built your business up. You were quick to realize many business opportunities and jumped on them. You worked long and hard to match the vision you have for your business and are very proud of your accomplishments. But, do you have what it takes to evaluate solid legal and business advice?
You either must hire or already have an attorney representing your MOC business. Your attorney knows how valuable it is to have buy-sell agreement (BSA) in place to protect against unforeseen incidences that can harm your business. Some unforeseen incidences might include having to remove someone from the firm due to under-performance, a partner that lost his interest to creditors, has been arrested, getting a divorce and his or her ex-spouse wants in on the action. One of your partners dies and what are the heirs planning on getting out of it? You hired a new partner who sold his interest to a third party, and the list goes on and on. There is absolutely no question if you want a successful, smooth-running business for years to come, you need a BSA soundly in place. - Yoel Molina,esq. ‘Our only goal is your success’
Where is your plan for covering any unforeseen events that could crop up? You have a partner that wants to leave the company or you must remove someone due to their bad practices. If you don't have a BSA, buy-sell agreement, in place, this could hang over your head for a very long time.
You Need A Plan For Different Partner Issues: • A partner dies and his estate and heirs want to come into the business and make decisions. • Your partner wants to leave the business. • A partner is divorced and his ex-spouse wants his interest in the company. • A partner is claiming bankruptcy and his creditors want his interest in the business. • Your partner must be removed due to misconduct or has broken the law. Are you in a position to address any of these issues or not? These situations are only the tip of the iceberg that can disrupt your smoothly running operation. For only $1,000 you can avoid these issues with a BSA from us. - Yoel Molina,Esq. ‘Our only goal is your success’ Here is a scenario you should take seriously if you do not have a buy-sell agreement:
You and your business partners have worked really hard to build a positive image for your products and services. Your success and your brand are tied to the image you and your partners worked so hard to create. You have customers and competitors that admire where your business has gone. The downside, you never bothered getting a buy-sell agreement to protect your business! One morning over the weekend, you get a phone call from one of your partners. He wants to know if you have been watching the news! It seems one of your partners has been arrested for a rather embarrassing crime and has been tied to your company, leaving you and your business with a black eye! Unfortunately, news like this can remain on all the news networks on television as well as on the internet for many months to come. You must address this smear on your company's name and brand very quickly. First and foremost, you must remove the arrested partner from your business to stop the madness. Unfortunately, if you do not have a buy-sell agreement in place, this could be very difficult if not impossible to do. If you had implemented a BSA, you would not go through this nightmare. You could easily remove this offensive partner from your business. We offer a BSA for as low as $1,000 to address any issues well in advance! Click here now and protect your company brand now. - Yoel Molina,esq. ‘Our only goal is your success’ 16/9/2019 0 Comments Buy-Sell Agreement : Will You Become Responsible For Your Partner's Debts? Not With BSA!You have always operated a successful, financially healthy MOC business. Your multiple owner company is growing and continues to be very successful. The only problem, you overlooked implementing a buy-sell agreement or BSA. All seems to be fine until you get a notice that your partner gave his interest to creditors to pay off his debt he could not afford to cover.
Now you are faced with other problems. Will your business remain healthy and profitable? Is there a possibility that your new partners will harm your business? If you had only implemented a buy-sell agreement for a mere $1,000, we would have created an excellent personalized BSA to protect you. Click here now to get yours. - Yoel Molina,esq. ‘Our only goal is your success’
You have spent a long time building your MOC, Multiple owner company, business and now you want to bring in other people as partners. If you have kids who have graduated from college, you should give them the opportunity to jump on board as well.
To do this the right way while protecting your MOC, you must have a good Buy-Sell Agreement in place to prevent potential partners from stopping your business plans. The only way to prevent problems down the road is to negotiate the terms for your buy-sell agreement ahead of time. This will allow everyone to be a part of the business for further growth and that includes your kids. Click here to get your buy-sell agreement and avoid this problem. - Yoel Molina,esq. ‘Our only goal is your success’
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AuthorYoel “Mo” Molina, I am a lifelong resident of Miami, Fl. I am a graduate of Miami Senior High, Class of 1992, Georgia Institute of Technology, B.S. 1997 and University of Maine School of Law, J.D. 2001. I have been practicing law in Miami Since 2001. I am a former training prosecutor in the Miami-Dade State Attorney’s Office. I have experience in jury trials, appeals, and administrative hearings. I have appeared before judges across the State. My experience ranges from civil litigation matters, collection matters, foreclosure, business and corporate, contracts, real estate, leases and employment matters.. Archives
March 2021
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"My name is Anastasia Yecke Gude and I am the owner of Healing Hands Therapeutic Massage LLC. In the process of my company’s growth and expansion, I suddenly found myself a few weeks ago in need of a 1099 contractor agreement, and I needed it ASAP. As in, the very next day! I contacted the Law Office of Yoel Molina and his assistant put me in touch with Mo. I sent him what I had drafted up and he replied within a few hours with suggested revisions and clarifications, as well as a few insights I had not even considered. I was thoroughly impressed by the quality of work he provided, especially considering the time crunch I put him in (sorry, Mo!). I definitely recommend his services to anyone in need of a good contract attorney, and I will be calling him again for future work…hopefully in less of a rush next time!"
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