Services | corporate governance
Adam Yohanan handles high stakes corporate governance transactions.Key Services
Drafting and Reviewing Shareholders' Agreements
Our corporate governance attorneys specialize in drafting shareholders' agreements that define the rights and responsibilities of shareholders, outlining terms like voting rights and dividend policies. These agreements are crucial for preventing disputes and ensuring smooth operations, protecting both the company's and shareholders' interests.
Corporate Entity Formation and Restructuring
We offer expert legal guidance in forming new corporate entities, as well as in restructuring existing ones. This includes selecting the appropriate entity type for tax advantages and liability protection, and ensuring compliance with relevant state laws, thereby securing the foundation for your business's success.
Buy-Sell Agreements
Our team crafts comprehensive buy-sell agreements that are essential in outlining the process for transferring ownership interests. These agreements safeguard business continuity and protect stakeholder interests in scenarios such as retirement, death, or disability of an owner.
Corporate and LLC Dissolutions
We guide businesses through the complex process of corporate dissolution, ensuring all legal requirements are met. This includes settling debts, distributing remaining assets, and filing necessary paperwork, effectively winding down operations in a legally compliant manner.
Bylaws and Operating Agreement Review
Regular review of corporate bylaws and operating agreements is vital for maintaining corporate governance. Our attorneys ensure these documents are up-to-date, reflective of current operations, and compliant with changing laws, thus fortifying the legal backbone of your organization.
Indemnification Agreements
Creating indemnification agreements is a key service we provide to protect corporate directors, officers, and employees from personal liability. These agreements are crucial for attracting and retaining top talent, ensuring they can make decisions without the fear of personal legal repercussions.
Regular Board Meetings and Minutes
We assist in organizing and documenting regular board meetings, ensuring that all discussions and decisions are properly recorded in meeting minutes. This practice is essential for legal compliance, decision-making transparency, and maintaining a record of corporate governance activities.
Corporate Compliance and Governance Audits
Our corporate governance audits are designed to ensure that your company adheres to legal and ethical standards. These audits review compliance with laws, regulations, and internal policies, helping to identify and mitigate governance risks.
Executive Compensation Agreements
We negotiate and draft executive compensation agreements, aligning them with company goals and regulatory standards. These agreements are key in attracting and retaining executive leadership while ensuring compliance with compensation laws and best practices.
Succession Planning
Our legal services include succession planning, a critical component for the longevity of your business. We help in outlining a clear plan for leadership transitions, ensuring continuity and stability, and safeguarding the future of your corporation.
Key Clients
Yohanan Law represents clients in a wide range of corporate governance matters.
• UIA Talent Agency, Manhattan-based talent agency
• DemographIQ, a Brooklyn-based real estate investment consulting firm
• Leveraged Breakdowns, a Brooklyn-based online course provider
• When & Where, a Brooklyn based dating app
• Tannin Oral Care, a North Carolina based mouthwash
• An Israel-based private investor
• A Manhattan-based private investor
Frequently Asked Questions
What is a Shareholders' Agreement, and Why is it Important?
A Shareholders' Agreement is a legal document that outlines the rights, responsibilities, and obligations of shareholders within a company. It's crucial for defining how decisions are made, how shares are bought and sold, and how disputes are resolved. This agreement helps in preventing conflicts and ensures smooth business operations, safeguarding both the company's and shareholders' interests.
How Does Corporate Entity Formation and Restructuring Benefit My Business?
Corporate entity formation and restructuring provide the legal framework for your business operations, influencing liability, taxation, and governance structure. Our expert legal advice ensures that your business structure aligns with your goals, meets legal requirements, and optimizes operational efficiency, which is essential for business growth and compliance.
What are Buy-Sell Agreements, and How Do They Protect My Business?
Buy-Sell Agreements are legally binding documents that detail how a partner's share of a business may be reassigned if that partner dies or otherwise leaves the business. They are vital for ensuring the continuity and stability of your business by outlining the process for ownership transitions, thereby protecting the interests of all parties involved.
Why is Corporate Dissolution a Complex Process?
Corporate dissolution involves legally ending the existence of a corporation, requiring adherence to specific procedures like settling debts, distributing assets, and filing dissolution documents. The complexity arises from ensuring compliance with state laws and regulations, making it crucial to have expert legal guidance to avoid potential liabilities.
What is the Importance of Reviewing Bylaws and Operating Agreements?
Regularly reviewing bylaws and operating agreements is essential to ensure they accurately reflect current business operations and comply with evolving laws and regulations. This process helps in maintaining good corporate governance, mitigates legal risks, and ensures that your business operations are aligned with legal standards.
How Do Indemnification Agreements Protect Directors and Officers?
Indemnification agreements protect directors and officers from personal liability for actions taken while managing company affairs. This protection is vital for encouraging strong leadership and decision-making, as it assures individuals they will not face personal financial loss for performing their duties.
What is the Significance of Properly Conducting Board Meetings and Keeping Minutes?
Conducting board meetings and keeping detailed minutes is crucial for legal compliance, decision-making transparency, and maintaining a record of corporate governance. This practice ensures that all critical decisions and discussions are documented, serving as an official record for future reference and legal purposes.
Why are Corporate Compliance and Governance Audits Necessary?
Corporate compliance and governance audits are essential for verifying that a company adheres to legal and ethical standards. These audits assess compliance with laws, regulations, and internal policies, helping identify and rectify potential governance risks, and ensuring the integrity of business operations.
What Should Be Included in Executive Compensation Agreements?
Executive compensation agreements should detail salary, bonuses, benefits, and any other forms of compensation. These agreements align executive remuneration with company goals and compliance standards, playing a key role in attracting and retaining top leadership talent.
How Does Succession Planning Benefit a Corporation?
Succession planning ensures a smooth transition of leadership and management in a corporation. It's critical for maintaining operational continuity, minimizing disruptions, and safeguarding the future of the business by outlining clear plans for handing over leadership roles.