https://completemarkets.com/Article/article-post/170/Legal-Fees-An-Ounce-Of-Prevention/
...Corporate Code on the rights of shareholders (all of which are first-year law ... monitor the case monthly.
In most lawsuits, legal fees outweigh the cost of ...
https://completemarkets.com/Article/article-post/2024/HOW-TO-BUY-SELL-MERGE-OR-PERPETUATE-AN-AGENCY-%E2%80%93-PART-V/
...gency valuation and tax issues, shareholder internal buy/sell agreements, rela...ducer and employee agreements, and shareholder/buy-sell agreements. The buyer ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/550/Agency-Litigation-Support-Primer/
... This content has not been rated yet. At one time or another, many agents become involved in litigation surrounding the agency or its principals and will require the professional support of a consulting organization that specializes in valuation litigation support services. Why might a valuation expert be required? In the case of a divorce, the equity in the agency is considered part of the common marital property; a minority shareholder no longer employed by the firm may file a dissolution action to force a buyout; the agency may be damaged by the violation of a non-compete agreement and consequently lose a book of business. In all these cases, an equity claim being litigated needs a determination of fair market value. The parties may even reach a settlement-but typically not until after a fair market valuation report has been rendered. ... any biases the experts might have in favor of their respective clients-the judge or jury renders a conclusion with regard to a final award. Working With a Valuation Expert: The valuation expert should be viewed as part of the litigation team. These are some of the issues which agency principals should focus on if and when it becomes necessary to hire a valuation professional: If your agency becomes involved in a lawsuit, your lawyer will typically ask its principals whether they know a consulting organization that specializes in the insurance industry. The principals' first thought may be to contact the agency's accounting firm-but one soon finds that most small accounting firms do little or no valuation work. At Harbor Capital Advisors, we often receive a call from a client for whom we've done some work in the past, or directly ...
https://completemarkets.com/Article/article-post/1530/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-1/
...rporation, owned by one or more shareholders. The corporation may be a 'C' cor...ferred rollovers are available for shareholders selling 30% or more of the sto...
https://completemarkets.com/Article/article-post/2432/%E2%80%98The-King-Of-Broadway%E2%80%99/
...y formed for the benefit of its shareholders, Life insurers prospered mightily...ould settle more than $6 billion in lawsuits for unfulfilled promises.
The sec...
https://completemarkets.com/Article/article-post/956/INTERNAL-PERPETUATION-PLANNING/
... initiation of respective major shareholder retirements so the age spread and ...are minimal. Note that the current shareholders will have to take out less in ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2152/WHAT-IS-AN-AGENCY-WORTH/
... owners. Is there a difference? You bet! The going-business-concern value is perhaps best expressed as the agency's value to the current owners. Such a valuation ordinarily is required for the purpose of a buy-sell agreement or when additional treasury stock is sold. Other reasons include the search for additional capitalization from a lender or passing on the business because of retirement, death, or disability of a shareholder, owner, or partner. When a valuation is conducted for a going-business-concern purpose, the buyers and sellers are already known, and, after the sale, the business can be expected to continue in much the same manner. Generally, an agency's going-business-concern value is greater than its intrinsic market value. Intrinsic market value is necessare to calculate when one contemplates transferring the agency to an ... expirations) if their value can be established. Congress recently eliminated this truant ruling by passing Section 197, which provides that all intangible assets may be amortized over a 15-year period. There isn't enough print to analyze all the considerations consultants must make to inform their judgment. Suffice it to say that the black knight of total subjectivity must be challenged with sufficient objective data to win the day-and prevent future lawsuits. What's the Purpose? When making a valuation, it's important to establish its purpose first. This article addresses the fair market value of a going business concern in the hands of its current owners. It will close with a few observations about the market value of the same agency offered for sale to third-party owners. Is there a difference? You bet! The going-business-concern value is ...
https://completemarkets.com/Article/article-post/2164/WHAT-IS-AN-AGENCY-WORTH/
...ment, death, or disability of a shareholder, owner, or partner. When a valuati...he other extreme, the new minority shareholder could be a nonagent buyer with ...
https://completemarkets.com/Article/article-post/2152/WHAT-IS-AN-AGENCY-WORTH/
...ment, death, or disability of a shareholder, owner, or partner. When a valuati...he other extreme, the new minority shareholder could be a nonagent buyer with ...
https://completemarkets.com/Article/article-post/2015/LIMITED-LIABILITY-COMPANIES-WHAT-YOU-NEED-TO-KNOW/
...on's articles and bylaws and in shareholder buy/sell agreements. It's importa...orporation's articles, bylaws, and shareholder buy/sell agreement. This is als...