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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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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Automating online job application systems (applicant tracking software) is legal?
Application tracking software or job application software is annoying most of the time. They ask you to fill out loads of information along with your resume, even if your resume has most of it. People ...
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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 ...
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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 ...
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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 ...
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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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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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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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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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Drug-testing on background
What sort of circumstances would allow a company or lab to put a positive pre-employment drug test on your background or send it to a consumer report agency? I'm curious about the consequences of ...
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Difference between Europol members and Europol cooperating countries
According to Europol, they are actually 28 members in this organization but also numbers of others external co-operating countries like Switzerland, Norway and even USA
So, what the point of being ...
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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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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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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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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 ...
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What approaches can comply with SOX code review requirements?
I am working with a client, which has a bunch of services under SOX compliance.
They currently have a code-review policy that looks like so:
A reviewer must accept the last commit on a pull ...
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Can a company be both an airplane manufacturer and an airline?
It may be advantageous for a company that manufactures its own aircraft to also be an airline. For example, the airline business would likely have reduced maintenance and parts costs relative to other ...
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Should "LLC" be included on the sign on my business front door (California)?
Does California require that I append ", LLC" to my business name for the letters silkscreened on the front door of my business, or the building directory facing the street?
Things I've read online ...
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Virginia non-stock corporate board elections
Can a non-stock corporation with one class of voting members establish two classes of Board Directors, and then tell members to vote for a certain number of nominees from each class? Is that practice ...
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Can CA public benefit corps be for-profit?
I'm interested in forming a public benefit corporation in California in 2018. As I understand it, these can be for-profit. But when I look at the California government website for information about ...
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Social security and bank account numbers in plain text in web app
I am in an "argument" with my company about them showing each and every employees social security and full banking routing / account number in plain text on a leading hosted HR Management software ...
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Is the acquisition price of a company public information?
When a company is acquird by another is it possible to hide or not disclose the acquisition price? If it can be hidden, is the company permitted to omit such information on any public financial ...
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Selling equity out of a subsidiary not yet formed
Sorry if wrong stackexchange, not quite sure where to post this.
Background
We're setting up a self-organizing, horizontal and open company where ownership is (de facto) defined by dynamic shares (...
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Two shareholder agreements in parallel
I am looking to receive an investment from an accelerator (investor A) and from a private investor (investor B). I have draft shareholder agreements with both investors A and B.
My lawyer is telling ...
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How are non-service voluntary tips on goods taxed?
Inspired by this question, I started wondering about how voluntary tips are taxed when they aren't on a service, but on goods.
For example, here's an interesting one. There's a legit company called ...
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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?
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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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Is it legal to create a non-profit organization-style for-profit organization in the US?
Non-profit organizations can establish some rules by its members within the organization, for example, how members elect administrative officials such as the president, and the procedure to change ...
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Dissolve a corporation as a minor stakeholder in New York
I am a minor shareholder (control less than 20% of the shares) at a startup that never did any business. It is a C-Corp incorporated in New York under my name. Right now I want to dissolve the ...
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Is there a legal definition of an "annual report"?
When a statute talks about an annual report of an organization, is there a way to know what that means? Is there a dictionary definition of an annual report that you can point toward? Or if the ...
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How broad can employment contracts be and still be enforcable?
I've seen some very broad terms used in contracts that an employee is required to sign before they start working for a company (or government). For example I've seen a contract saying that the ...
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Corporate law — criminal conduct and loss of life
In light of the recent multi-state lawsuit brought forth against twelve generic drug manufacturers, I was wondering what, if any, criminal liability the respective executives of those companies may ...
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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 ...
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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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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;
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