Full Disclosure* Following the rules that pertain to “insider” loans (i.e. loans to officers, directors or shareholders with a financial interest in the loan) can help avert a future challenge by another shareholder, a creditor, or other party that might claim an interested insider should be personally liable for any advantage or financial gain they […]

Conflicts of Interest* It is not unusual for corporate shareholders or directors to have a personal interest in business decisions that affect the company they own or manage. For example, directors usually vote on setting their own compensation and that of the officers, which, in many small and closely held corporations, include themselves. This is […]