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For many growing businesses, observing corporate formalities ranks somewhere between “Overpay Employees” and “Send IRS a Thank You Note” on a list of priorities. Most entrepreneurial organizations thrive on the day-to-day operations that generate revenue — something properly organized corporate books or well-drafted board resolutions do not, at least at first glance. Closer inspection reveals that all entities, regardless of type, need proper planning and maintenance to thrive in today’s litigious business environment. Failure to properly plan the corporate structure or consistently observe corporate formalities could leave the incorporator vulnerable to personal liability for debt incurred by the business.
Michael A. Colodney counsels clients on the legal and business aspects of organizing, operating, financing, and expanding their businesses. From initial decisions such as choice of entity and financing options to maintenance matters like board meetings and drafting useful corporate resolutions, Mr. Colodney provides the expertise needed to offer your business both protection and flexibility.
Mr. Colodney designed and led the corporate reorganization of Goen Technologies Corporation and its affiliates, implementing a corporate structure designed to isolate the risk of diverse product lines among various entities. While your growing business may not need such elaborate planning to ensure protection, all businesses profit from a well-conceived corporate structure designed to facilitate growth and protection.
Mr. Colodney maintains membership in the American Bar Association’s Business Law section, the New Jersey Bar Association’s Corporate & Business Law section, and the Association of Corporate Counsel’s Corporate & Securities Law section to stay current on developments in Corporate Law.
The firm assists clients in the following areas:
Business Formations
Entity Choice Counseling
Incorporation
Bylaws Drafting and Counseling
Limited Liability Company (LLC) formation
LLC Operating Agreements
Limited Partnership Agreements
Joint Venture Agreements
General Partnership Agreements
Buy-Sell Agreements
Sole Proprietor Counseling
General Corporate
Corporate Resolutions
Recapitalizations
Employment Agreements
Nondisclosure/Noncompetition Agreements
Management Agreements
Liquidations and Dissolutions
Corporate Veil/Alter Ego Analysis
Corporate Governance
Shareholder Agreements
Proxies
Voting Trust Agreements
Planning and Conducting Shareholder Meetings
Indemnification Agreements
Planning and Conducting Board Meetings
D & O Insurance Counsel
M & A
Letters of Intent
Asset Purchases
Stock Purchases
Merger Agreements
Confidentiality Agreements
Due Diligence | 
