The Federal Arbitration Act requires courts to enforce clauses in commercial contracts that require arbitration of disputes. The U.S. Supreme Court has ruled that transportation workers engaged in interstate commerce are exempt from the Act. For other types of workers, the effect of the Supreme Court ruling was to reaffirm the enforceability of mandatory arbitration provisions in agreements entered into by workers engaged in interstate commerce. Continue reading
Author Archives: Mark Klein
Watch out for runaway motor homes!
Stella Award winner, Mrs. Merv Grazinski of Oklahoma City, Oklahoma purchased a new 32-foot Winnebago motor home. On her first trip home, from an OU football game, having driven on to the freeway, she set the cruise control at 70 … Continue reading
Business Loans Cannot Reduce Estate Taxes
A section of the federal Internal Revenue Code authorizes estate tax deductions for qualifying interests in family owned businesses. For the deduction to apply, the value of the interest in the business held by a person at the time of … Continue reading
What Documents and Information are Required When Selling a Business?
The question often arises as to what are the typical documents and information required when selling a a business. This article seeks to provide a basic overview. You should ensure that each stage of the negotiation to sell your business … Continue reading
Where to Find Potential Buyers for Your Business
Owners of small companies, with annual revenues ranging from $500,000 to $10 million, often undertake the process of selling their business themselves. While many business owners have built their businesses from scratch with the help of their can-do attitudes and … Continue reading