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A Lifetime in Law: The Career of Gail Prudenti and the Birth of Judicious Advice
From her time on the bench to her seven-year tenure as Dean of Hofstra Law School, Judge Prudenti has built a reputation for steady leadership and highly respected legal insight.
Without a succession plan, a business owner’s family and/or co-owners are forced to make quick and stressful decisions. Having a procedure in place is invaluable.
The limited liability corporation, or LLC, is designed to combine the flexibility and simplicity of a basic partnership with the protection of a corporation. “LLC” stands for “Limited Liability Company” and owes its name to the fact that the members (owners) of the LLC are not personally liable for the debts and liabilities of the business.
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The Connelly vs. IRS ruling has significant implications for buy-sell agreements and corporate redemptions.
