Questions tagged [corporate-law]
The body of law about corporations, including mergers, acquisitions, corporate governance, corporate liability, finance, and bankruptcy. The fact that a question involves a corporation does not make it a corporate law question.
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What is the purpose of a Corporation Sole?
Why must an organisation represent the idea of an individual, rather than the organisation acting in its own capacity while the individual simply sits as its head?
In other words, why do case workers ...
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Why are religious figures given the status of "legal person" in India?
In India, religious figures have been given the status of legal person, and from the case law, I've read there doesn't seem to be a clear rationale for this. Corporations and organizations are also ...
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What's the difference between a body corporate and a corporation sole?
One of those instances where unfortunately there's not much to expand in this question apart from what's in the title.
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How often can you appeal a rejection of the appeal(s) made? [closed]
How often can you appeal a rejection of the appeal(s) made regarding a penalty fare notice?
The appeal is appealing to the good nature and sense of humanity and justice, as the initial appeal was ...
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Can loss sharing ratio of all the partners in the LLP be kept 0%? [closed]
L.L.P. stands for Limited Liability Partnership.
Profit and Loss sharing ratio & relevant details.
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changing type of a business entity
Is it possible to change a type of a business entity to a different one? For example private limited company into private company limited by shares.
EDIT: Please provide an answer without me ...
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business entity cross country relocation
Is it possible to relocate a company from a country A to a country B? Lets say that in both these two countries are there is an approximate equivalent of the company type, say private company limited ...
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How do you pay for LLC startup costs before it is formed without co-mingling funds?
If I need to pay for LLC startup costs (like a virtual address, email, and state fees) before I can create my LLC (or business bank account), what account should I use?
I'm concerned that using a ...
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How can someone who gets controlling interest of a C corporation become both CEO and board chair?
If a person who is already a qualified high level executive (but not C-level) at a corporation inherits controlling interest, how can that person become CEO and board chair?
Would it have to be a ...
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Can Bob, as the client, share any information about his project in any way he wants?
Bob hires vendor A and vendor B independently to work on a project for Bob. The two vendors are not partners, they work independently and do not communicate with each other although they are aware of ...
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Do shareholders of a private company have a right to financial data?
An employee of a private company is given company stock options. The employee exercises those options, and receives a signed certificate for the shares. Correct me if I'm wrong, but I think this makes ...
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As an investor of a business, how do you prevent the founder from holding back growth?
If you are an investor who owns 30% of a business and the founder owns 70%, how do you prevent a situation where the founder decides to always take profits and not reinvest them to grow the business? ...
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If the principal office is changed with the state of incorporation, do articles of incorporation have to have the new location of the company?
If the principal office is changed with the state of incorporation, do articles of incorporation have to have the new location of the company?
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Have state governments in United States of America prosecuted limited liability companies for not buying worker's compensation insurance?
Have state governments prosecuted companies for not buying worker's compensation insurance?
Though employees would prosecute in the event of an accident, what else enforces companies to buy it?
Does ...
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Can you form a temporary nonprofit?
Can you start a 501c3 organization to complete a project, collect donations, do the project, donate all leftover money to another 501c3 with similar goals, then dissolve the organization? It would ...
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Is there any significance to "Inc." vs "Corp."?
Oregon requires corporation names to include "Incorporated," "Corporation," "Limited," or an abbreviation of one of those. Is there any reason why a business owner might ...
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Best practice to prepare Executor to take over Subchapter-S Business
I'm working on an instructions doc for my executor (upon my death). I am sole stockholder/owner of a Subchapter-S Corporation. It's currently a personal service company, not an on-going business.
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Single shareholder, single director corporation - How to divide assets in a will?
To the point: I'm the sole shareholder and director of a holdings corporation in British Columbia, Canada. It was funded with $3mm in cash. That cash is held by a national bank, and is then used to ...
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Can a company adopt a child?
With apologies for the (only somewhat) click-bait title, in an answer to another question (see this answer) the statement
Typically the only thing a legal entity that is not a natural person cannot ...
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Do state laws have an equivalent for disregarded entities similar to the IRS?
The IRS has the concept of a "disregarded entity", meaning a company that is functionally equivalent to its owner. This is often the case when the company has only one member and has no ...
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Corporate China - evicting onshore management via reproduced chops
Another weird and wonderful story out of corporate China has captured my attention. Relevant excerpt:
It’s a situation that’s difficult to picture in much of the capitalist
world, with its emphasis ...
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Could a state refuse to recognize corporations from another state?
If one state wanted to refuse to recognize the existence of corporations and LLCs from another state, could they legally/constitutionally? Suppose Maine did not want to recognize New Mexico ...
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Sole Proprietorship and Dormant Limited Company in UK
I am currently operating as a Sole proprietor, while at the same time 'reserving' the name for a possible future Limited company. For the latter I have declared that name as being 'Dormant', in other ...
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which state's laws would an "insurer" be subject to if were a USA subsidiary of a foreigncompany and it owns offices across the entire UStatesAmerica?
Which state's laws would an "insurer" be subject to if were a USA subsidiary of a foreigncompany with headquarters in state X, and global offices, offices scattered across the United States ...
user46398
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Is it legal to create a corporation for no reason?
Suppose a group of friends randomly decide to start a corporation and do nothing but have meetings and file paperwork, because they enjoy meetings and paperwork. While this isn't something most people ...
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Starting a Tech Company: Should I rename and reuse my existing C-Corp, or form a new one? [closed]
I have a delaware-based C-Corp formed some years ago, still in good standing, that I used to create a tech startup (never raised any funding, or generated any revenue) which I have put on hold for now....
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Is it legal for a shareholder who receives no wages from company A to receive a reimbursement for business travel costs from company A?
Is it legal for a shareholder who receives no wages from company A to receive a reimbursement for business travel costs from company A in United States? Shareholder pocketed zero dollars of the ...
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Is someone who is a "Chief Medical Officer" in an American company also a "Corporate Officer?"
Is someone who the owner approved as the "Chief Medical Officer" in an American company, LLC, Corporation, S-Corp also a "Corporate Officer?"
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Do corporations have the right to keep arms?
A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.
Does "the people" include corporations? ...
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Can a company be a wholly owned subsidiary of its wholly owned subsidiary?
Is it possible for A Inc. to own 100% of B Inc. and for B Inc. to own 100% of A. Inc. simultaneously?
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How are REGOS being used by energy companies without purchasing the renewable energy they relate to in the UK?
The ‘Renewable Energy Guarantee of Origin’ (REGO) scheme is designed to “provide transparency to consumers about the proportion of electricity that suppliers source from renewable generation" (...
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Foreign director of an Indian company passes away
An Indian company has two foreign directors and both are non resident. What happens when one of the directors passes away.
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Could everyone with DAO tokens in the EU be punished under recent Transfer of Funds Regulations on KYC?
On March 31st the ECON and LIBE committees of the EU Parliament has voted to require cryptocurrency service providers to collect personally identifiable information from individuals who transact more ...
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Is it legal for someone on an H1B to found a startup?
I have a friend sponsored on an H1B visa that I'd like to start to a software company with. We would not be securing outside capital. I'm wondering if the terms of an H1B visa which I believe prevent ...
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Woman harrassment at Corporate workplace [closed]
Can a criminal case be filed for the following information provided below against the Top management of the corporate and against immediate supervisor whom she was reporting to with FIR at the police ...
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can a Private limited company in India be converted into NGO/section8 company?
In recent times Cloudflare converted into a non-profitable organization even though it has lots of paid and unpaid services, but it was located outside India but provides service in India.
Cloudflare ...
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Can U.S. companies legally document stock buybacks as assets?
In the U.S., Jack creates a C-corporation and funds it with $100, receiving 100 shares in return. Greg, a passive investor, then gives the company $900 in exchange for 900 newly issued shares. The ...
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How many people must be on the board of directors of a U.S. nonprofit organization?
Non-legally-savvy individual in Pennsylvania (PA) in the U.S. here. I've been learning a little about nonprofit corporations recently, and have had trouble finding a definitive answer to the question:
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Legal definitions differentiating 'corporation' and 'private estate' in relation to Duchy of Cornwall
The Duchy of Cornwall is classified as a 'private estate' and therefore is exempt from corporation and capital gains tax.
Investopedia defines a corporation as 'a legal entity that is separate and ...
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Is there a geographic legal limit on copyright infringement?
Does anyone know if there's a geographic legal limit on copyright infringement? There's a Spanish company "S" using as a corporate image, a downloadable logo from a global provider of ...
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As an Iranian, can I sign an Independent contractor agreement, and work remotely for a EU company from Iran?
Are there any restrictions for citizens of sanctioned countries such as Iran to work "remotely" for Europe companies or foundations?
if it matters, work mentioned in question is about mobile ...
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Why do some companies explicitly assign a very low cash value to promotions?
I came across this small print for the opening days promotion on the Tim Hortons UK website:
Specifically, both offers contain the following disclaimers in the small print:
Cash value £0.0001p. Not ...
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What is penalty for not closing Delaware C-Corp?
I'm a non-US citizen and started Delaware C-Corp in Sep 2021, now I have to pay $400 franchise tax, accountant cost, and closing cost. I don't close this C-corp officially and In the future, If I have ...
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What marks the closing of an equity financing?
Years ago, as an angel investor, I invested in a startup company via a convertible note. The note converts on the closing of certain equity financing events.
So what determines the closing of an ...
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PLLC protection still intact if using personal credit card for expenses
Would using a personal credit card to buy things for a single-member PLLC risk weakening the protection it offers over personal assets, or is it fine as long as proper accounting is maintained?
It ...
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What are the (legal) aspects to consider before accepting a technical advisor position? [closed]
Recently, I was offered a position at a startup company as a Technical Advisor, given some equity.
The position seems very appealing with a great potential, but this will be my first time taking such ...
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Pulled off Amazon on a specious trademark claim
Selling products on Amazon, I've had a listing pulled over "trademark violation" for mentioning that an HVAC sets come with acme fittings and/or acme adapters.
Is there any way that this ...
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What happens if a corporate person gets sentenced to prison?
I recently saw the quote “I will recognize corporations as people the day the state of Texas puts one to death.", and this got me wondering about how punishments targeting the person of the ...
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PLLC's and LLC's
I was recently looking into the PLLC legal structure and am wondering if there are any benefits to forming a PLLC over an LLC in states where professionals are not required to form a PLLC. At first ...
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Why and how would shareholders pay fines for a company?
Recently I read an article on a PG&E settlement which stated that
PG&E shareholders would pay a $40 million fine and spend another $85 million
Why is the fine being levied on PG&E ...
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