Business partners have to put a lot of faith in one another. They need to trust each other to follow through on their promises and to act in the best interests of the company. Business partners have a fiduciary duty to the company. That means they should put the company’s best interests ahead of their own wishes. Not everyone interested…
Executives who secure promotions or move to new companies tend to aggressively negotiate their compensation arrangements. Their employers frequently agree to make financial concessions based on the prior performance of the professional in question. Often, a large severance package is a crucial component of an executive’s compensation arrangements. A so-called golden parachute allows them to exit the company with a…
Schwartz Law Firm is pleased to announce that Michael and Brandon have both been recognized again by The Best Lawyers in America® for 2025! For over 40 years, Best Lawyers® has been esteemed by both legal professionals and the public as a premier benchmark for legal integrity and distinction in the United States. Consequently, being recognized by Best Lawyers® is…
Schwartz Law Firm is pleased to announce that Brandon has been recognized as a Super Lawyer for 2024! Super Lawyers selects attorneys using a patented multiphase selection process. Peer nominations and evaluations are combined with independent research. Each candidate is evaluated on 12 indicators of peer recognition and professional achievement. Selections are made on an annual, state-by-state basis. The objective…
Proving that a business partner didn’t uphold their responsibilities outlined in a partnership agreement can be challenging. In some cases, even the most comprehensive agreement isn’t enough to stop an issue from occurring. While some small partnership disputes might not lead to legal action, more serious breaches may require litigation before a suitable resolution can be reached. Anyone who’s in…
Schwartz Law Firm is pleased to announce that Michael and Brandon have both been recognized by Minnesota Monthly! The research for the Top Lawyers list was created by PRS (Professional Research Services) and is based on an online peer-review survey sent out to all lawyers in Minnesota. Thousands of votes were cast honoring excellence in all areas of practice. Inclusion…
When seeking out a partnership, the main goal of business owners is generally to combine the skills required to build a successful company. However, it’s crucial to acknowledge that a business partnership is more than combining resources and ambitions in any way of one’s choosing. Partners should respect the partnership by fulfilling their fiduciary duties. This collaborative relationship can turn…
Many construction firms and industry professionals invest a lot of effort in navigating contract negotiations as effectively as possible. They look for ways to mitigate the risk that comes with taking on a new client. The dangers include the risk of a client not paying for the work performed or taking issue with the work done on the project. Establishing…
A successful business partnership is a beneficial economic arrangement for everyone involved. A failing or unbalanced partnership, on the other hand, can have an unfair negative impact on someone who entered the arrangement in good faith. Occasionally, those that have started business partnerships reach the uncomfortable realization that their partner is more of a liability than an asset to the…
Growing corporations, and even startups, sometimes make shares available to the public. Investors can contribute toward the company and may then have a degree of influence on operations. They can also receive dividends when the company is profitable. Organizations that look to shareholders for funding may not always treat them with the respect that their financial contributions should command. Occasionally,…