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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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60 views

what is the procedure to develop CARD GAME? Is that Legal in India? [on hold]

I know rummy is legal in India, but I am planning to develop a new card game for cash, not 13 card rummy, It is about 5 card game (also a 3card game) not rummy. To implement this cash website game ...
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2answers
27 views

What is the proper way of completing the stock purchase agreement? [closed]

I recently set up my company (C-Corp). In order to complete the stock purchase agreement, I had to deposit a check in the company's bank account addressed to the company. What I did: I walked into ...
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2answers
43 views

What is the Principals name and title?

There is a lot of info on what this is but I am unclear. I am the sole founder who inc. with clerkly and thus have a registered agent in Delaware (Not sure if this is relevant). So when on a paper ...
5
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2answers
127 views

Can multiple states demand income tax from an LLC?

We are a Utah LLC providing SAAS (software as service) on cloud available to all US market. Wisconsin Dept of Rev. has assessed our LLC for partnership income tax, because they claim our company has ...
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0answers
12 views

What are the implications of US LLC state and foreign entities?

Let's say I'm a confetti enthusiast. Confetti for parties, confetti for halloween decorations, confetti for everything. In this hypothetical example, I want to sell confetti online, and in person when ...
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0answers
12 views

Corporate law in India

Is there any section (India) under which someone can sue his/her colleague for the colleague's unwillingness to work which led to loss of money?
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3answers
51 views

Could leaking insider information eliminate insider trader concerns?

Suppose I possess some non-public information about Company X. I want to trade Company X's stock for reasons unrelated to the information (e.g. I believe the stock market as a whole is going to tank ...
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2answers
56 views

Corporate governance

This question is for publicly traded companies. Shareholders elect board members at annual meetings, board members appoint officers, and officers/employees run the day to day operations of a ...
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0answers
19 views

What is the company structure that will effectively limit liability to the parent company, and not any of it's subdivisions?

I'm exploring different kinds of corporate structures. I'm in a unique situation where I have a very specialized construction industry but can operate under the blanket term "General contracting". ...
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0answers
14 views

Why was Judge Jacksons ruling in DoJ vs Microsoft overturned in the anti-trust hearing of 2001?

In United States vs Microsoft, a 2001 anti-trust case in which the DoJ, 18 states and the District of Columbia alleged that Microsoft had abused its monopoly position was heard by Judge Jackson and he ...
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1answer
44 views

CEO wants to step down to a VP position - when should board be notified?

Suppose a startup has three directors on the board, two co-founders and the main investor. The CEO (one of the co-founders) wants to step down and take a VP position. The CEO has started to have ...
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1answer
76 views

Can an employer steal intellectual property?

Say someone wrote some software PRIOR to employment at the company where they currently work. They presented it to a CEO and three other high level employees of the company. They expressed, what the ...
2
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1answer
95 views

Why is English law so important to finance?

What are the features of the English law that make it so indisposable to international finance and particularly offshore companies? I've recently bumped into this passage when reading about Cyprus, ...
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0answers
43 views

What happens if the officers of a company refuse to show up at board meetings?

Acme, Inc. is a California corporation. They have quarterly board meetings. To have a quorum, they need one of the officers to show up: the CEO, the CFO, etc. None of the officers are willing to ...
1
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1answer
48 views

Can a company get a certification?

A company is "an artificial entity recognized by the law as a legal person that exists independently with rights and liability"*. So the law recognises them as a person. Are they therefore allowed to ...
0
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1answer
104 views

What are “non-union states”?

I'm watching a lecture by Robert B Reich. He's talking about a hypothetical case in which Bob, a CEO of some corporation, wants to "move the US plant to a non-union state" to reduce wages. I ...
2
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1answer
52 views

What makes me a member of my LLC?

I had a lawyer form an LLC in New York, where I reside, that I used to buy rental property. I paid for the property using money from my personal bank account. The property deeds are in the name of the ...
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0answers
17 views

Can I register a company name in the US if there is another company in the EU with the same name?

I'd like to register a trademark here in the US for a company name (an IT consulting company) and there is another company in the EU (registered under WIPO) that has the same name but differing ...
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4answers
120 views

CEO hiring himself as a consultant

Is a CEO of a U.S. public company allowed to hire a consulting firm for which he is the sole or primary employee? Example: Suppose a compensation committee within the board of directors of company ...
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2answers
62 views

Company director resignation

If i am a director of a private limited company, can i resign from my director position using a resignation email ? Is there any chance that the company could take legal actions just because there ...
1
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1answer
60 views

What should I add behind the Trade Name for my Sole Proprietorship?

I am registered as a Sole Proprietorship in India to do business. I have provided a Trade Name eg. ABC So I have 2 questions: In my Terms of Service and any other legal document can I use the Trade ...
1
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1answer
25 views

Setting up and running a limited company (UK) remotely (EU)

I would like to ask what are the potential pitfalls of setting up and running a limited company from a different country. In particular, the company would be incorporated in the United Kingdom, and I ...
0
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1answer
39 views

Personal vs Corporate Liability: A Simple Example

Imagine a person, Mr. X, who says something really bad about another person. Let's say he falsely accuses him of robbing a bank and abandoning his children. In fact, he says it twice. He says it once ...
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1answer
198 views

Identifying corruption in tendering process

Under Indian law, is it allowable for a department (or department head) to bypass the a formal open "request for tender" process, by instead calling limited tender among arbitrary selected venders. ...
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2answers
49 views

Creating a LLC in Delaware when I am in California?

If I live/work in California can I create an LLC in Delaware (or possibly Nevada)? I've read that it's much cheaper and overall a better idea to have an LLC in Delaware. But I don't live out there, ...
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1answer
59 views

Can a voided option contract be transferred to a new company?

I gave a deposit of $10,000 and signed an option contract with a franchisor for a franchise to open within 12 months or the contract was void. The franchisor failed to deliver and refuses to refund my ...
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2answers
78 views

Can I establish a “one person company” in USA?

Can I establish a one person company(with no co-founders) in USA? Will this company be restricted or face barriers to grow regards to law?
2
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1answer
52 views

How much are partnerships and LLCs really taxed?

Based on the IRS website, partnerships and LLCs being taxed as partnerships appear to only file (at the federal level) 1065 forms with schedule K-1 forms (for each partner/member). If I'm reading ...
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1answer
91 views

What role does the person who signs post incorporation paperwork have in the company?

I am a minor and my mother would be signing both the incorporation documents, I am under the impression there is no problem there as she would have no role. Since she signed these documents, does she ...
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2answers
88 views

Is doing business where you live all it takes to pierce the corporate veil?

If an LLC operates from someone's home, I read (can't find source at the moment) that they want a place in their home where they exclusively work on the business (like a home office) to keep business ...
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2answers
78 views

How realistic is it to resurrect a dormant C corporation

Assume that someone formed a C-Corp around 15 years ago in Texas. Then they let it go dormant with the state by not filing any of the required paperwork nor paying any fees. The SoS of Texas lists the ...
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1answer
73 views

Piercing Corporate Veil in Texas, US

Context For this question, I'm only asking about the United States and if relevant, LLCs in the state of Texas. While reading about asset protection strategies and trying to understand corporate veil ...
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1answer
127 views

What legal entity(s) would be best for startup funded by kickstarter or other investment?

Assuming someone is going to start a business that is to design, build and manufacture a small electronic handheld device. They post campaigns on Kickstarter, Indiegogo, and other crowd-funding ...
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2answers
97 views

'payable in like kind'? 'non-electing' shares?

each share of Series B Preferred Stock shall, by virtue of such transaction and on the same terms as apply to the holders of Common Stock, be converted into or exchanged for the aggregate amount ...
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1answer
24 views

difference between 'assigned' and 'endorsed' in this context?

Each such notice of redemption shall be irrevocable and shall specify the date that is the redemption date, the redemption price, the number of Shares to be redeemed, the place or places of ...
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1answer
119 views

What trademark “goods/services” category is a medical device design and manufacturing company?

If my company offers an array of medical devices (and related software), do I trademark it as an 010 (based on it's flagship product) or do I trademark as an 044 (a medical service -- producing and ...
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1answer
827 views

Which companies need to comply with Sarbanes Oxley?

Some companies issue private offerings that are exempt from registration. Some register with the SEC ahead of a public offering. Some become reporting companies. When exactly does the Sarbanes-Oxley ...
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0answers
17 views

Who can investors sell to under Rule 144?

Under the United States SEC's Rule 144, investors can resell securities after one year (or six months if the company is a reporting company) as long as the issuer allows it. But to who can they ...
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0answers
11 views

What is required for a non-US citizen to be a member of a multi-member LLC?

This article lists a number of new requirements for a non-US citizen members of a single member LLC that went into effect January 1, 2017. Are there any requirements imposed on multi-member LLCs that ...
2
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1answer
129 views

How can huge company mergers that kill all competition be legal?

Disclaimer: I'm a programmer/electrical engineer and therefore a complete novice to law. My question is: how can mergers of direct competitors, each already having a dominant market oligopoly, be ...
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1answer
50 views

Can I create a second company to get rid of my partners (in this case)? [closed]

I have a doubt. After several months of working a lot and spending some money, I managed to finish a website that I would like to see as my first business. I have purchased a domain and I am about to ...
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1answer
183 views

Is the Oil Pollution Act of 1990 included in the United States Code? Why can't I find §4201?

There are numerous texts stating that there was a Section 4201 of the Oil Pollution Act of 1990 in 2010. There are also numerous texts stating that OPA 90 §4201 was amended into the United States Code....
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0answers
20 views

Foreclosure on a Business Loan

Assuming that the due diligence has been performed, what is involved in foreclosing on a business loan? Said business is currently owned by an investment group. That group owes two payments that ...
2
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1answer
60 views

can lawyers/senate public commitee meetings ask questions which might be covered by NDA's

I'm just taking the recent Mark Zuckerberg Senate hearings which were held in the open in the United States. Is there some sort of fine line that the Senate has to follow? Can they ask any questions ...
5
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1answer
64 views

In what order do collateral and guarantees pay off a defaulted loan or bond?

Company A is issued a loan that is guaranteed by Company B and is secured by liens on Company C's assets. Company A defaults on its loan. In what order are the collateral and guarantees used to pay ...
2
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4answers
136 views

How does shareholders' limited liability work in practice?

Given that: A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount ...
0
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1answer
35 views

Can a CEO of a C corporation who make no salary qualify unemployment benefits?

Many officers of startups do not make a salary, but they are actively working for their company. While they do have options, these options may not be worth much of anything in the beginning. If the ...
3
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1answer
31 views

Can IRS tax an offshore business operated by a non-resident alien in U.S?

The business is incorporated offshore. It is a company selling software applications. There is no office in the U.S. It has nothing to do with U.S. except: The owner of the offshore company is a non-...
3
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0answers
98 views

How can immigrants in the US get paid as owners of companies when they can't be paid as workers?

I have been interested in starting a company as an immigrant but don't understand what the law is for paying myself from the company or in what capacity I could legally work in the company. I have ...
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1answer
47 views

Who has authority to sign on behalf of company

When it comes to corporations, who has the authority to bind a company and what evidence should they provide to prove this please? I assume company officers do have the power, but how can this be ...