Non-Compete and Non-Solicitation Agreements – What are the Enforceability Limits? The courts have long held that businesses have a legitimate interest in protecting critical assets, including non-public ways in which they conduct business and valuable customer and client lists.  Similarly,…

What Needs to be Done to Preserve Limited Liability Protection? Indiana and other states provide that the owners of corporations and limited liability companies (shareholders and members, respectively) generally will not have any personal liability for business debts.  The law…

How are Subchapter S Corporations Taxed? Subchapter S corporations are not taxed on income at the corporate level.  Instead, net income (or losses) are allocated to the shareholders in proportion to each shareholder’s share ownership, and then each person is…

What are Subchapter S Corporations, and What Owners are Eligible? Perhaps you are starting a business, and have heard about a popular type of business entity known as a “subchapter S corporation.”  What, you may wonder, is a subchapter S…

How Are Privately-Held Businesses Valued?  The EBITDA and Asset Valuation Approaches The value of closely-held businesses can become the subject of debate, particularly in divorces and business break-ups.  With a closely-held business (typically those that held by family members or…