Publications

Articles From Lin Hanson

The Joy of Being Disregarded

By Lin Hanson
September
2012
Column
Page 500
Should your client be a "disregarded entity" for tax purposes?

Downsizing Shareholders’ Fiduciary Duties

By Lin Hanson
June
2011
Column
Page 314
The fiduciary obligations of corporate shareholders get a trim.

LLC Members by Default?

By Lin Hanson
June
2010
Column
Page 328
If an LLC member loses her shares, to what extent does a creditor stand in her shoes?

Managers’ Fiduciary Duty: Fixing the Illinois LLC Act

By Lin Hanson
September
2009
Column
Page 474
LLC members who exercise the power of a manager now owe a fiduciary duty to the company.

Directors’ Duty to Creditors

By Lin Hanson
March
2009
Column
Page 152
If a corporation becomes insolvent, directors and officers owe a duty to creditors.

Helping Clients Observe Corporate Formalities

By Lin Hanson
December
2008
Column
Page 640
By helping corporate clients with minutes, meetings and more you demonstrate your business value.

The Business Corporation Act’s “Quickie” Claim Bar

By Lin Hanson
September
2008
Column
Page 480
 Dissolving corporations can use this to reduce the period during which they remain liable.

Don’t Use an LLC for asset protection

By Lin Hanson
June
2008
Column
Page 314
Learn how creditors can get at an llC member's personal assets.

Puelo v Topel: the Court Got It Wrong

By Lin Hanson and Charles (Bud) W. Murdock
March
2008
Column
Page 158
Puelo wrongly held that a dissolved LLC was on the hook for liabilities incurred after the dissolution.    

LLCs and Asset Protection

By Lin Hanson
December
2007
Column
Page 662
LLCs afford clients protection from creditors, but not unlimited protection.

How the Business Services Department Can Help You

By Lin Hanson
September
2007
Column
Page 492
Online filing? Advance review of filings? The SOS offers that and more.

Simultaneous Offers for Partnership Break-Ups

By Lin Hanson
June
2007
Column
Page 328
Is your client ready to break up with a business partner? If so, here's some advice.

LLC Operating Agreements

By Lin Hanson
March
2007
Column
Page 152
Written agreements allow you to define relationships among shareholders, members, and partners.

Shareholder Agreements in Illinois

By Lin Hanson
December
2006
Column
Page 680
The history of - and practice pointers about - shareholder agreements for close corporations.

Corporate Voting

By Lin Hanson
September
2006
Column
Page 500
A refresher course on corporate voting rights.

Fair Value Redux

By Lin Hanson
June
2006
Column
Page 318
Proposed legislation would clarify LLC minority shareholders' rights and remedies.

Selling a Client’s Company: A Cautionary Tale

By Lin Hanson
March
2006
Column
Page 150
The seller's lawyer should make like the buyer's and take a critical look at the business before the sale.

LLC Potpourri

By Lin Hanson
December
2005
Column
Page 646
Series LLCs are a valuable tool, but they're expensive. here are some money-saving tips.

Planning for Business Breakups

By Lin Hanson
September
2005
Column
Page 482
Pre-planning helps make endings happy – or at least less unhappy.  

Administrative Dissolution: Tearing a Hole in the Corporate Veil

By Lin Hanson
June
2005
Column
Page 312
Involuntary dissolution for failure to pay taxes or fees can put directors and officers at risk.

For LLC Minority Owners, “Fair Value” Often Isn’t

By Lin Hanson
March
2005
Column
Page 148
Minority shareholders' lack of control can make their shares worth less if they try to sell out.

What Series LLCs Can Do for You

By Lin Hanson
December
2004
Column
Page 648
They can spread risk at lower cost in money and hassle.

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