by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is a Phantom Stock Plan?There are a number of ways corporations and employers reward their employees, a phantom stock plan is being widely used by employers for employee compensation. Through a phantom stock plan, an employer gives some selected employees of a...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Family Limited Partnership? Affluent families tend to move wealth from one generation to the other, they do this through diverse means. A Family Limited Partnership (FLP) is a type of business that allows the transfer of business, wealth and financial assets...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Shotgun Clause? A shotgun clause refers to a type of exit strategy used in business partnership or used by shareholders. It is a buy-sell agreement that exist between partners which forces a partner to sell their stake in the business or shares and can also...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are Outstanding Shares? The outstanding shares of a company refers to the total amount of shares that have been authorized, issued, and purchased by the shareholders of the company. Outstanding shares are shares of a company held by its shareholders, the...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is an Unsecured Creditor?Unsecured credit is a credit (loan or debt obligation) issued to a borrower without any form of collateral (such as personal assets or real property). So an unsecured creditor is a lender who has no legal claim to property of the debtor...
