- THE MAGAZINE
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Articles by Bryan Berson
Agency describes the relationship between a principal and an agent who acts on the principal’s behalf. Common principal-agent relationships include employer-employee, client-attorney, and property owner-real estate agent.
Proactively inspecting for dangerous conditions, repairing them, and implementing record keeping procedures can reduce legal fees and damage awards, slow increases of insurance premiums, and improve profitability.
Suppose a company wants to expand into a foreign market or combine its product with that of another firm. One of the quickest and most effective ways to accomplish this is through a strategic alliance or joint venture (JV) with another business.
Corporate governance encompasses a labyrinth of laws, regulations, rules, and documents.
Some businesses purchase real estate to house their operations. Transactions to buy office buildings and warehouses are similar. Residential purchasers will recognize many similarities as well.
Corporations are legal entities and one of several ways to structure a business. All corporate stakeholders should have a solid grasp of basic corporate governance. Owners, managers and shareholders should understand their rights and responsibilities.
With regard to their businesses, entrepreneurs and executives should think carefully about risks to people and property.