Business Succession Planning With Four Levels of Ownership and Control
02 September 2010
Foley Partner Gregory Monday authored an article that appeared in the Wealth Strategies Journal on September 2, 2010 titled “Business Succession Planning With Four Levels of Ownership and Control.” Monday provides an overview of the four component levels of business ownership and control in a corporation. He also discusses the practical considerations that should direct how these separate components are allocated under a business succession plan. Monday states that family business owners who recognize the four component levels can more easily develop a succession plan that rationally assigns the leadership powers and economic benefits of the business.
Related Insights
31 December 2024
Foley Viewpoints
SEC Enforcement Action Against Church & Dwight Director: Lessons for Outside Directors
The SEC’s settlement with James R. Craigie, former CEO, chairman, and director of Church & Dwight Co. Inc., for violating proxy disclosure rules by standing for election as an independent director without disclosing his close personal friendship with a senior Church & Dwight executive has caused consternation in the legal community regarding when a friendship jeopardizes director independence under stock exchange rules.
31 December 2024
Manufacturing Industry Advisor
The State of the Law of Requirements Contracts
Amid increasing pressure on supply chains across the globe, multiple recent court opinions have disrupted the law of requirements contracts.
30 December 2024
Foley Viewpoints
Controlling Entities to Dealer Contracts Subject to Puerto Rico’s Law 75 May Be Liable for Tortious Interference
Plaintiffs asserting claims for tortious interference of contracts covered by Puerto Rico’s Dealer’s Contracts Act, commonly known as Law 75, may automatically satisfy one element of such a claim. Law 75 regulates relationships between distributors and manufacturers.