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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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Nonprofit Venture Incorporation

I'd like to build an impact venture that sidesteps the conflict of interest between shareholders and purpose. Naturally, I started thinking about nonprofit structures; however, I would like the ...
ixxie's user avatar
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-2 votes
1 answer
54 views

Process after signing a Memorandum of understanding (MoU) for cross-border M&A in Malaysia

If a listed company in Malaysia signed a MoU for cross-border M&A (merger and acquisition), what kind of process does the company needs to take? For example, announcement to their stakeholders; ...
Tak's user avatar
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-3 votes
1 answer
130 views

Do directors at defense contractors have a fiduciary duty to promote instability and conflict?

In the TV series Fallout, a character mentions that executives of Vault-Tec, a company specializing in bunkers capable of surviving a nuclear blast, have fiduciary duties. Without giving away too much,...
user avatar
2 votes
0 answers
62 views

What is a union? How is a union created? What are union restrictions? [closed]

In states within the United States (pick Arizona for example), what is a labor union? I'm not looking for the "organization that represents employees" answer. I'm looking for the legal ...
Eliter's user avatar
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2 votes
0 answers
86 views

Is it legal for internet service providers in the EU to severely and systematically undercut advertised bandwidths?

I have a new mobile data plan with a contractually agreed-upon bandwidth limit of "up to 3 Mbit/s". To my knowledge, the "up to" only accounts for unavoidable reductions in ...
srhslvmn's user avatar
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1 vote
1 answer
45 views

No valid contact info for 401k sponsor to allow transfer of funds [closed]

I was employed from 2018-2020 by Company A, during which I contributed funds to their 401k plan. I was laid off from A in 2020. At some point in time after this, Company A was acquired by Company B. I ...
Larold's user avatar
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3 votes
3 answers
1k views

Must a for-profit corporation use share-based ownership?

Generally, corporations are structured so that ownership is represented by shares, and a person can own any number of shares. Is this structure required by law? Or can corporations be created that use ...
interfect's user avatar
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11 votes
6 answers
6k views

Can companies merge without formally merging?

Suppose the government blocked a big company from acquiring a small company. I don't think it would be illegal for the big company to advise the small company on what decisions to make and what staff ...
Purple P's user avatar
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5 votes
2 answers
433 views

What stops Musk from changing Tesla's incorporate location to find judges that would rule in his favor

Recently, a judge in Delaware ruled in favor of shareholders and blocked Elon Musk's compensation package. Later, Elon Musk said he would try to incorporate Tesla in Texas: "Tesla and Mr. Musk ...
maths soso's user avatar
9 votes
3 answers
4k views

Why do corporate mergers require the approval of foreign governments?

Design fail: Adobe and Figma call off their merger as antitrust scrutiny intensifies But surprisingly not from American regulators, but from EU regulators. I also sometimes hear similar stories about ...
AlanSTACK's user avatar
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3 votes
3 answers
4k views

Is Facebook a monopoly?

I feel that Facebook is too powerful for various reasons. I would like to know if there are any laws which could be applied to claim they have an illegal level of power or infringement on human and ...
Julius Hamilton's user avatar
2 votes
1 answer
599 views

M&A: Avoiding paying redundancy by selling the company? (UK)

Corporation A owns many smaller business units. Corporation A agrees to sell Business Unit X to Corporation B. Business Unit X has a number of employees who are effectively redundant because their ...
Cosmittus's user avatar
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27 votes
4 answers
6k views

Can a corporation refuse to know things its agents know?

I called in to tell a company something. The people I could reach on the phone are definitely agents of the company, and they definitely got my message. But they told me that they couldn't internally ...
interfect's user avatar
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0 votes
3 answers
102 views

Forcing an HOA meeting?

Say there is a homeowners association that is required by its bylaws to hold an annual meeting and, at that meeting, an election for board members. The board has the power to select the date of the ...
interfect's user avatar
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2 votes
2 answers
307 views

What stops the board of trustees from firing Gates from Gates Foundation?

We have all heard of the OpenAI drama where Sam Altman was fired by OpenAI Board of Trustees. That raises a question -- what stops the board of trustees from firing Gates from Bill & Melinda Gates ...
CuriousMind's user avatar
4 votes
1 answer
427 views

Does OpenAI get any tax benefits from its organization structure?

At this point most people know OpenAI, one of the hottest companies in America. It has the following strange organization structure: My question is whether this gains them any tax benefits? Is this ...
CuriousMind's user avatar
-2 votes
1 answer
97 views

is setting up customer company as a merchant processing agent and paying them with profits legal? [closed]

Say I am selling a service and I sign up a corporate customer for my services(Principal not employee). I then sign that customer to a contract as an agent under my company and the compensation is 30% ...
Doc101's user avatar
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0 answers
40 views

Is there an equivalent of a B-corp in Ireland or Estonia?

Is there anything like a benefit corporation in the EU, particularly in Ireland or Estonia? If so, how does a B-corp or its analogue in either/each country differ from an LLC?
Mayor of the Plattenbaus's user avatar
2 votes
1 answer
108 views

Can the subsidiary be a party to the contract signed by its parent here?

A contract is worded to state that it has been executed between Customer A and my Client B. The expression Customer A is further clarified: "which expression shall unless repugnant to the context ...
Mudit Singh's user avatar
4 votes
1 answer
291 views

Why would a 501(c)(3) nonprofit organization run its major operations in an LLC?

I was looking into the corporate structure of the Signal App, and it's very strange from the non-lawyer (IANAL) perspective. The parent organization is a 501(c)(3) nonprofit, but the app is developed ...
Betsy Dupuis's user avatar
1 vote
2 answers
182 views

Are pledges I made in a job interview binding?

Among some "pro" tips shared in my neighborhood for desperate job seekers is the myth that promising to never unionize drastically improves the chance of landing on a job. If one were to ...
quv390220's user avatar
0 votes
2 answers
139 views

What are the strengths and weaknesses, of allowing the same person to be both Director and Company Secretary?

Some countries forbid a company's Sole Director to be company secretary. Singapore's Accounting and Corporate Regulatory Authority (ACRA) The sole director of a company and the company secretary ...
user95017's user avatar
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3 votes
1 answer
187 views

What happens to contractual rights when a company dissolves?

IP rights are created by law, and continue to exist even if the person who last owned them stops existing. What about rights created under private contracts? Say I granted my former employer the ...
interfect's user avatar
  • 3,491
3 votes
0 answers
410 views

Did Elon Musk have a legal justification for firing CEO Parag Agrawal for cause right after closing the Twitter deal?

According to Walter Isaacson's new biography of Elon Musk, immediately after closing the deal that took Twitter private, Elon Musk's assistant delivered letters of dismissal to the Twitter CEO and ...
dan's user avatar
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2 votes
1 answer
118 views

In which state does a corporate firm file for bankruptcy?

Consider a corporate firm that is operating in Miami (e.g., leases office space, meet clients, do the actual work). Suppose this firm's headquarter is in New York City. But, it is incorporated in the ...
Frank Swanton's user avatar
6 votes
1 answer
429 views

Accepting online contracts on behalf of a corporation

I use a computer and the Internet for work. I use a lot of software that is licensed to my employer. Say some software licensed to my employer pops up its license on my employer's computer and demands ...
interfect's user avatar
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0 votes
1 answer
21 views

Restrictions on incorporating a limited liability company abroad?

Let's suppose that a country (A) adheres to the incorporation theory. Could it be, that founding a (limited liability) company in another incorporation theory country (B) by a resident of A, and ...
stf's user avatar
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1 vote
1 answer
91 views

If I want to voice record at work, do I only need my boss's approval?

I live in a two party consent state. I would like to record talks in work to defend myself from certain situations. I explained my intention to my boss and he said its perfectly fine. However ...
ga19631's user avatar
  • 11
1 vote
1 answer
315 views

What is the difference between the seat theory and the incorporation theory?

In corporate law, what is the difference between the seat theory and the incorporation theory? Where do I find the list of countries (jurisdictions) adhering to each?
stf's user avatar
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0 votes
0 answers
56 views

Can workers keep overpaid salary? [duplicate]

Technical issues caused salaries of employees to be mixed up in a South Korean company. 22일 직장인 커뮤니티 블라인드 게시글 등에 따르면 지난 19일 “명세서에 적힌 금액보다 덜 들어왔다”는 효성 직원들의 게시글이 올라왔다. On an online employee forum ...
jde0451's user avatar
4 votes
2 answers
245 views

Is it legal for companies to pay salaries or bonuses as lootboxes?

The South Korean branch of video game publisher Nexon made headlines online when it gave out a small bonus to its employees in the form of lootboxes. A monthly bonus coupon was given in August 2020 to ...
cpka2715's user avatar
4 votes
1 answer
102 views

Are businesses required to let all shareholders attend their offline shareholder meetings?

Cover Corporation is a Japanese media company managing content creators which is listed on the Tokyo Stock Exchange as of March 27, 2023. They held a shareholder meeting at June 29th, 2023. It was ...
mkm49573's user avatar
1 vote
1 answer
90 views

Suppose I incorporate in Delaware. If I sell online services to ppl anywhere in the US, do I need to register as foreign in every state?

Suppose I incorporate in Delaware, with an agent that has a physical address there to represent the company in Delaware, and I live in California building an online service from home. First do I need ...
trusktr's user avatar
  • 153
3 votes
1 answer
119 views

For an LLC that is not a C-Corp but taxed as a C-Corp (form 8832), does the EIN change when becoming real C-Corp?

Suppose someone creates an LLC and will not be raising funds now, and won't have other company owners yet (like a sole-proprietorship), but elects for the LLC to be taxed as a C-Corp with form 8832. ...
trusktr's user avatar
  • 153
2 votes
1 answer
103 views

If issuers have to file Form D to easily sell shares of private company registered in USA , then are private company investments not "confidential?"

If issuers of securities have to file Form D to easily sell shares or make private placements of private company registered in USA , then are private company investments not "confidential? ...
Bauu's user avatar
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6 votes
1 answer
149 views

How (and how effectively) is complete corporate self-ownership prevented?

Corporations are not supposed to be able to have no ultimate beneficial owners. If A Inc. holds 100% of B Group, B Group is not supposed to be able to own 100% of A Inc. How effectively are these dead-...
interfect's user avatar
  • 3,491
-3 votes
2 answers
108 views

Does running your own limited liability company constitute employment? [closed]

What exactly is "employment"? Does running my own limited liability company (GmbH or similar) constitute "employment"? I am asking this because my (Swiss) employment contract (...
stf's user avatar
  • 149
-1 votes
1 answer
70 views

Who are the shareholders/owners/beneficiaries of the private component/aspect of the City of London Corporation?

Insofar as some parts of it (so called "City's Cash") function as a private entity from monies "built up over the centuries" to such extent as to make it exempt from the Freedom of ...
TylerDurden's user avatar
2 votes
1 answer
89 views

Is a company bound by a contract signed by a person disqualified from managing companies?

Section 206B of the Australian Corporations Act provides that a person is automatically disqualified from managing corporations if convicted of certain offences or made bankrupt. Section 206A ...
sjy's user avatar
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16 votes
2 answers
5k views

Why would a clause apply until 21 years after the death of the last descendant of King Charles III?

Inspired by this question, why might any corporation draft a legal document containing provisions that are random, arbitrary, and completely beyond their control? In case the question is deleted, it ...
Michael Hall's user avatar
  • 4,594
4 votes
1 answer
203 views

Can the corporation that I work for (I am not salary or a subcontractor) use my personal information & home address for business and billing purposes?

I have a corporate credit card that is utilized for business purposes at the location I work, which is not where corporate headquarters is. Today the business/ billing address was changed by the ...
Maria Fannin's user avatar
0 votes
2 answers
443 views

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 ...
TylerDurden's user avatar
3 votes
1 answer
226 views

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 ...
user avatar
2 votes
1 answer
324 views

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.
TylerDurden's user avatar
1 vote
1 answer
235 views

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 ...
Dan's user avatar
  • 119
-1 votes
1 answer
33 views

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.
Ashish's user avatar
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-1 votes
1 answer
58 views

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 ...
Mr. Davidson's user avatar
1 vote
1 answer
51 views

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 ...
Mr. Davidson's user avatar
5 votes
2 answers
535 views

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 ...
N00b101's user avatar
  • 715
1 vote
1 answer
51 views

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 ...
Doug Null's user avatar
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