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Entries tagged “Legal Liability”

Limited Liability Company Considerations for Conducting Business: A Top Five List

Insight John J. Hanley John J. Hanley · Chae Kim Chae Kim · June 04, 2019
Formation of a limited liability company (“LLC”) is a popular and viable alternative to a corporation or a partnership. An LLC features both the limited liability of a corporation and the tax advantages of a partnership. In addition, the LLC model offers great flexibility in choosing the appropriate rules to govern unique

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Trust Owned Family Enterprises: Pitfalls and Practical Suggestions When Naming Trustees Who Also Serve on Board of Directors

Insight Patricia Annino Patricia Annino · May 10, 2018
Trusts and Estates Partner, Patricia Annino, shares her insight on the complicated situation occurring when the family enterprise is owned in trust and the trustees simultaneously serve on the Board of Directors. Read the full FFI article here.  “It is, of course, interesting to note (and not unusual) that the

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The Increasing Importance of Focusing on Both Sides of Competence for Family Owned Enterprises

Insight Patricia Annino Patricia Annino · January 24, 2018
This article examines two sides of one issue – competency. Patricia Annino, Rimon Partner, shares her analysis of the challenges presented by either sustained or diminished competence in family owned companies and for providing practical steps to help family enterprises plan for these challenges. Read the full FFI article here. “As

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Ticking Time Bombs in Investment Portfolios You Might be Unaware of

Insight Patricia Annino Patricia Annino · January 18, 2018
Many people may have ticking time bombs in their investment portfolios that they are completely unaware of. The life insurance premiums currently being paid, may not be sufficient to keep the policies in force during the person’s normal life expectancy. Patricia Annino, of Rimon Law, comments on the legal liability of trustees and possible

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