Management Buzz 1/03 Why you may want to have your lawyer give your company the once-over; the consequences of firing your CEO
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Make It Legal
Asking your attorney to give your company the once-over should beon your New Year's resolution list. January 1 is a popular datefor initiating laws. Maria Karos, a partner at the Dallas firmBell, Nunnally & Martin LLP, suggests three major aspects toexamine:
1.Structure: Make sure the corporate structure and formatstill meet your needs. "That's the foundation of thehouse," says Karos.
Five years ago, for example, you may have established yourbusiness as a partnership. Now you've got employees--some ofwhom you want to give a stake in the firm. Incorporating allows youto do that.
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