No one likes unnecessary meetings, but some states require a minimum number of founder or board meetings based on how your business is structured.
Brett is an absolute fan of informal meetings to sync up with your founders, but agreeing to convene and agree on every little issue can actually be a liability to you and your business, not to mention turn decision-making a slog when it needs to be streamlined.
In this week's video, Brett answers one of the most common questions he receives regarding annual meetings for LLCs and corporations. This concern is anchored in the fear of courts piercing the corporate veil, but as you'll see, that's much less of a concern than other, lesser thought-about risks.
Take a look a the short video below and let us know what you think.
This is the 14th video in Brett's Business Partnership Mastery Series, where he dives into both the philosophy and legal nuts and bolts of mastering business partnerships. If you are a current or future business owner, you will definitely want to stay tuned for videos in this upcoming series, so make sure to subscribe!
Inspired by the content in his book, Partner-Proofing Your Partnership, Brett will touch and expand on the primary concepts he fleshed out in that short read which you can find here:
https://www.businessattorneyinaustin.com/brett-cenkus-partner-proofing-your-partnership-ebook
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Have questions? Book a call, and talk to Brett today:
https://clarity.fm/brettcenkus
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You can reach Brett through:
https://clarity.fm/brettcenkus
https://www.linkedin.com/in/brettcenkus
https://twitter.com/BCenkus
https://www.cenkuslaw.com
https://braatenwoods.com
https://merger-resources.com
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Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues.
Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals.
Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others.
Brett regularly consults with entrepreneurs and invests his own capital as an angel investor.
From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006.
Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania.
Brett lives in Austin with his wife, Cathryn, and two children. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots.
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