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Tag Archives: Clark Luke

WE LAW: Corporate governance and management

Mitt Romney was right. Corporations are “people” – at least in the sense that they have many of the same rights and obligations as individuals. Corporations (and other business entities) can enter into contracts, incur debt, sue and be sued. Business entities cannot, however, act on their own behalf. Determining who has the power and authority to act for and ...

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Commercial Finance 701 – Business entity selection: Choose wisely or pay later

By Clark C. Luke The choice of entity form is perhaps one of the most confusing and difficult decisions an entrepreneur will face.  The decision will have significant implications for future taxation, personal liability, management\voting rights, ease of financing, and subsequent transfers of assets or ownership. My law partners Molly Jeffcoat Moody and Ben Williams, the regular authors of this ...

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