Family members who enter into a private business together are taking on double risk. They face the same types of challenges that all owners and investors face in operating/investing in a business, but they are also exposed to the risk their personal relationships may suffer if the company does not fare well. For this reason
Shae Armstrong
Shae Armstrong focuses his practice in the area of project finance, including equity financings and lender and borrower representation, with an emphasis on real estate investment and development, private equity, and EB-5 related cross border financing transactions. He has represented sponsors and real estate developers in over $2 billion in EB-5 involved financings. His practice also involves advising private companies in connection with general corporate matters (including general contracts preparation and review), securities, fund structuring, compliance policies and procedures, investor relations, hospitality and multi-family related operations guidance, and broker-dealer arrangements. Shae is also a Certified Financial Crime Specialist through the Association of Certified Financial Crime Specialists (ACFCS), and he advises his clients on matters involving anti-money laundering compliance.
Leveraging his background in finance, accounting, and operations, Shae applies a business-oriented approach to his law practice that focuses on efficiently and strategically achieving his clients’ objectives.
Buy-Sell Agreements: They May Be a Business Partner’s Best Friend
Most private businesses have bylaws, company agreements or partnership agreements that govern their operations, but these agreements are often silent, or not well thought out, regarding issues that may become critically important to business partners. Specifically, most company governance documents do not include buy-sell provisions, and as a result, there are no terms in place…