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Understanding Shareholders’ Rights in Derivative Actions

When someone who controls a corporation, such as a CEO or director, engages in conduct that a shareholder believes has harmed the corporation in some way, what can the shareholder do about it? In some circumstances, a shareholder may file a derivative lawsuit. Shareholders are investors in a corporation but they do not have control Read More

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Complying with Corporate Annual Meeting Requirements during the COVID-19 Quarantine

How do you hold a corporate annual meeting when the entire country is in lockdown? On the surface, it might seem like a simple matter of using a favorite video conferencing tool and perhaps checking to see if it’s been hacked. Annual meetings for corporations are more than get-togethers. They are legally mandated proceedings that Read More

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Key Aspects of the CARES Act Provisions Authorizing Small Business Loans

Small business owners are necessarily prepared for various types of challenges, but what do you do when the government orders you to close for an indefinite amount of time? Unfortunately, the COVID-19 pandemic has put millions in this very difficult position. Even worse, it is still unclear in many places when authorities will allow businesses Read More

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Potential Tax Effects Associated with the CARES Act Stimulus

Since March, federal and state governments have engaged in a variety of methods designed to safeguard Americans’ health and financial security in the wake of the coronavirus pandemic. At any time, taxes have a direct impact on our lives, so it’s natural that some of the key provisions of the recently passed Coronavirus Aid, Relief, Read More

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How Will Coronavirus Affect Contractual Relationships and Obligations?

How Will Coronavirus Affect Contractual Relationships and Obligations? The coronavirus pandemic has disrupted practically every aspect of American life. Whether closed by government order or by concerns about public safety, millions of businesses around the country have seen their operations come to a halt. Despite the overwhelming effect of COVID-19, it is not a certainty Read More

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Tips for Defending Your Business Reputation Online

In cyberspace, a single negative review, tweet or Facebook post can inflict damage on a business that is difficult to undo. Effectively defending your company’s online reputation demands taking a proactive role rather than waiting until your company is attacked to jump into crisis-management mode. Here are some preventative steps you can take immediately: Control Read More

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Trademark and Copyright Considerations for Small Businesses

Trademarks and copyrights can be used to prevent your company’s original creations or identifying features from being misappropriated illegally. A trademark can be registered with the U.S. Patent and Trademark Office (USPTO) for a brand name, slogan, logo or other mark used to distinguish the goods or services of its owner. If a company’s trademark Read More

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Steps To Help Shield Your Company from Online Doxing

An aggravated consumer, industry rival, former employee or another person who is upset with your company may try to exact revenge by use of “doxing” — the practice of gathering a person or entity’s personal information and publishing it online. This may include sensitive information about the finances, health, residence, political affiliation, family and private Read More

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What Are Deceptive Trade Practices, and How Are They Covered Under Kentucky Business Law?

The term “deceptive trade practices” encompasses any type of advertising or labeling intended to somehow mislead or deceive consumers. Kentucky has extensive consumer protection laws — in addition to federal laws — to protect consumers from suspicious or disingenuous advertising and sales tactics. There are also mechanisms to punish companies that engage in these practices. Read More

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Kentucky Law Places Limitations on the Interest Rates Lenders Can Charge

Banks and other loan providers in Kentucky must follow strict state laws regarding the interest rates they may charge. What follows is a brief summary of interest rate laws in the state. Legal maximum rates and judgment rates In Kentucky, the maximum legal interest rate is 8 percent, unless the parties agree otherwise. Even in Read More

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