Corporate Formalities - Lamson Dugan & Murray LLP

Buy-Sell Agreements-An Important Tool for your Construction Company

Craig Martin2020-07-11T09:40:10-05:00July 15th, 2020|Construction Contractor Advisor, Corporate Formalities|

Having a well drafted Buy-Sell Agreement is as important as having the right tool for the job. A recent Nebraska Supreme Court opinion serves as a reminder of this fact or you could spend thousands of dollars and years litigating about rights and interests in the company. This case involved three individuals who owned a construction company in Kearney, Nebraska. The majority shareholder passed away in 2015 and the deceased’s [...]

Corporate Formalities Really Do Matter

How long has it been since you reviewed your corporate documents? Are you using the proper corporate name or have you inadvertently confused an LLC with Inc.? As discussed below, it really does matter. A construction company recently found out the hard way that its corporate name really does matter, especially when contracting with the federal government. The construction company was awarded a bid on part of the army construction [...]