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.

Filter by
Sorted by
Tagged with
3 votes
1 answer
163 views

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 ...
user avatar
  • 4,796
3 votes
1 answer
575 views

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....
user avatar
0 votes
0 answers
18 views

What business structures offer options to sell stock to interested investors without being an IPO? [closed]

I have a business I'd like to start and want to sell 49% of the company to various investors, but still keep the majority control of the company. I don't really think an IPO is appropriate (or ...
user avatar
0 votes
1 answer
69 views

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 ...
user avatar
1 vote
1 answer
71 views

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?"
user avatar
0 votes
2 answers
88 views

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? ...
user avatar
  • 4,796
2 votes
1 answer
95 views

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?
user avatar
  • 4,796
2 votes
1 answer
37 views

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" (...
user avatar
3 votes
1 answer
53 views

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.
user avatar
3 votes
1 answer
64 views

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 ...
user avatar
  • 1,770
1 vote
0 answers
32 views

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 ...
user avatar
  • 1,518
-4 votes
1 answer
100 views

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 ...
user avatar
0 votes
0 answers
46 views

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 ...
user avatar
0 votes
1 answer
60 views

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 ...
user avatar
2 votes
2 answers
104 views

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: ...
user avatar
16 votes
2 answers
1k views

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 ...
user avatar
2 votes
1 answer
126 views

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 ...
user avatar
1 vote
1 answer
110 views

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 ...
user avatar
2 votes
1 answer
103 views

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 ...
user avatar
1 vote
0 answers
17 views

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 ...
user avatar
  • 119
0 votes
1 answer
41 views

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 ...
user avatar
  • 129
0 votes
1 answer
29 views

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 ...
user avatar
  • 181
0 votes
1 answer
29 views

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 ...
user avatar
  • 111
1 vote
1 answer
95 views

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 ...
user avatar
  • 173
2 votes
2 answers
157 views

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 ...
user avatar
  • 223
1 vote
1 answer
30 views

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 ...
user avatar
3 votes
1 answer
261 views

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 ...
user avatar
  • 133
0 votes
1 answer
63 views

Is the term "dividend" relevant only for companies?

Is the term "dividend" relevant only for companies? Or is it relevant to other types of corporations as well (such as a simple partnership of 2 or more partners)?
user avatar
3 votes
1 answer
158 views

Who owns the company before the founders' shares vest (HBO's Silicon Valley plot point)?

In the HBO show Silicon Valley, an important plot point is when one investor fires the founder/CEO against everyone's objections. Originally, the founder gave 10% of the company to investor A (a ...
user avatar
  • 1,225
2 votes
1 answer
67 views

How to protect your idea/application to be stolen by investors?

Think person A has a great software business idea. He also knows software programming and converts his idea to a mobile application. Then he needs to raise some money to launch the application, do ...
user avatar
1 vote
1 answer
59 views

Is it possible for a non-citizen nor GC holder do crowdfunding inside the US?

Supose that a person A is an international student in the US. A has an idea and like to launch a company on that. I know A doesn't have a work permission but also believe that A can register a company ...
user avatar
2 votes
1 answer
60 views

Insider trading and assertions made by influent agents

It is possible for an influent (private) agent, namely someone who has the power to direct the market, to buy a stock before giving a positive announcement about the stock itself? Does his investment ...
user avatar
  • 123
1 vote
1 answer
115 views

Can board members have unequal voting rights at a for-profit corporation in California?

California requires multiple board members when there are multiple shareholders. With equal voting rights, this can allow a minority shareholder, who is a board member, to have a disproportional ...
user avatar
  • 1,225
2 votes
1 answer
92 views

What prevents a business from separating the liability and revenue into two separate entities?

I know holding companies are a common way to separate the liability of business operations from the assets of a company, but is there any legal reason why businesses don't take this a step further? ...
user avatar
0 votes
2 answers
84 views

What can the Chairman of the board do if he is on bad terms with the majority shareholders / directors

Our (Australian Incorporated) company is growing and we have been suggested to hire an influential individual to be the Chairman of our board. He has a lot of connections, experience, old , mature ...
user avatar
  • 1,451
13 votes
2 answers
935 views

Do corporations have any constitutional rights?

An existing answer establishes fairly well that corporations in the United States do not have Fifth Amendment rights against self-incrimination. That leads me to wonder, do corporations in the US have ...
user avatar
0 votes
1 answer
47 views

Is it possible to create a non-profit business on F-2 visa status?

Consider a person comes to the US with an F-2 visa status and has a plan to get his/her green card in the next year, but at the moment he/she likes to start a commercial website or mobile app but for ...
user avatar
11 votes
1 answer
3k views

Spin-off company with all parent's debt?

Out of curiosity, is it theoretically possible for a parent company to create a spin off company that holds all of its debt and no assets? Then the subsidiary spin-off company will declare bankruptcy ...
user avatar
-1 votes
1 answer
70 views

Should Bob choose a manager while registering a new company?

Bob is an F-2(Student dependent) visa holder in the US who wants to establish a new company. Bob is not entitled to work in the U.S.. According to a video I saw on youtube that you must introduce a ...
user avatar
3 votes
2 answers
95 views

Any jurisdiction - can a company self-destruct with a by-law?

Would it be possible for a corporation or not-for-profit organization to legally include a self-destruct clause in founders agreement, by-laws, or similar binding agreement, one that can not or is ...
user avatar
  • 174
1 vote
2 answers
64 views

Is a companies domain inherently included in the sale?

The situation is that I'm contracted for a company to do a website migration of the company's official website. The company was bought 7 years ago and the former owner remained contracted to manage ...
user avatar
0 votes
1 answer
38 views

How can i check a curent investigation of a company?

I'm interested in crypto, and unfortunately there's what i suspect to be this huge scam going on the market, its called tether, although legally i can't claim it is a scam. Basically they've had a ...
user avatar
  • 111
1 vote
1 answer
76 views

Is there any limit on how much bonuses can be given before filing for bankruptcy in the United States?

I read on https://www.cnn.com/2020/05/26/investing/hertz-bankruptcy-executive-bonuses/index.html (mirror): Hertz paid out millions of dollars in bonuses to its executives just before its bankruptcy --...
user avatar
0 votes
2 answers
111 views

Are directors employees of the company?

Directors tell the company what to do but most directors also get paid for their services. Does that make directors employees of the company?
user avatar
  • 157k
2 votes
1 answer
55 views

Is a Director of an organization entitled to information on the D&O insurance?

A group of several churches have come together to form a high school, with each church electing one representative to serve on a Board of Directors. My church's director has been met with resistance ...
user avatar
  • 161
2 votes
2 answers
100 views

Can a company control who its shareholders are?

The current owners of a privately held company can decide who to sell the business to. (For example, a startup can choose which VC firms to raise from.) But what about a publicly-traded company? Can ...
user avatar
1 vote
1 answer
19 views

What to do about Corporate ownership and registration renewal documents if Delaware corporate state registry had expired?

20 years ago a corporation was formed to purchase a private aircraft. The Delaware corporation's state charter had expired years ago due to non-payment of renewal fee. What are the legal ...
user avatar
3 votes
2 answers
97 views

Confusion about by-laws, unanimous member agreements, and appointment of directors in Canadian not-for-profit organizations

The starting point for my question is this by-law for a not-for-profit organization in Canada (the by-law is about the make-up of the board of directors): "(b) A majority of the Directors must ...
user avatar
1 vote
0 answers
28 views

Are there any European Commission decisions on the duration of the non-compete clause?

Do you know any examples of European Commission decisions on the duration of the non-compete clause/obligations in corporate law? I mean contracts when this non-compete clause was too long according ...
user avatar
7 votes
5 answers
387 views

Can a company officially decide to break the law since the penalty for breaking it is cheaper than following it?

For example imagine a company in Washington that needs a temporary building for its workers to live in during the summer. Instead of bothering with permits, they rapidly construct a dormitory for ...
user avatar
  • 3,156

1
2 3 4 5
7