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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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
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Is there a law in India that states CSR funds cannot be used for teachers' fees?

Is there a law that states that money received as CSR Donations for a Charitable Non-Profit Educational Trust cannot be used for teacher salary?
user49776's user avatar
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2 answers
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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 ...
Seeking answers's user avatar
2 votes
1 answer
130 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 ...
swarahan's user avatar
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3 votes
1 answer
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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.
Seeking answers's user avatar
1 vote
1 answer
209 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
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-1 votes
1 answer
27 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
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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 ...
Mr. Davidson's user avatar
1 vote
1 answer
50 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
285 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
  • 675
1 vote
1 answer
49 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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1 vote
0 answers
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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 ...
Skies's user avatar
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1 vote
0 answers
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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 ...
Douglas's user avatar
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1 vote
1 answer
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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? ...
Rax Weber's user avatar
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2 votes
1 answer
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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?
BornPerson's user avatar
2 votes
1 answer
344 views

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 ...
BornPerson's user avatar
0 votes
1 answer
59 views

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 ...
Someone's user avatar
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12 votes
2 answers
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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 ...
Someone's user avatar
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2 votes
1 answer
47 views

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. ...
NealWalters's user avatar
0 votes
1 answer
33 views

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 ...
stevieb's user avatar
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20 votes
3 answers
9k views

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 ...
Carl-Fredrik Nyberg Brodda's user avatar
2 votes
0 answers
29 views

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 ...
Cicero's user avatar
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1 vote
1 answer
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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 ...
Arash Howaida's user avatar
1 vote
3 answers
108 views

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 ...
Someone's user avatar
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1 vote
1 answer
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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 ...
Prakash_S's user avatar
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1 answer
60 views

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 ...
user avatar
3 votes
1 answer
192 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 ...
Someone's user avatar
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3 votes
1 answer
583 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....
Paul Fidika's user avatar
0 votes
1 answer
74 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
80 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
1 vote
2 answers
137 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? ...
Someone's user avatar
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2 votes
1 answer
123 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?
Someone's user avatar
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2 votes
1 answer
43 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" (...
fortunia88's user avatar
3 votes
1 answer
75 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.
user45402's user avatar
3 votes
1 answer
68 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 ...
User65535's user avatar
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1 vote
0 answers
34 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 ...
Evan Carroll's user avatar
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-5 votes
1 answer
124 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 ...
Prashant Akerkar's user avatar
0 votes
0 answers
48 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 ...
CADENTIC's user avatar
1 vote
1 answer
75 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 ...
SapereAude's user avatar
2 votes
2 answers
162 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: ...
It'sRecreational's 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 ...
fortunia88's user avatar
2 votes
1 answer
137 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 ...
Danielillo's user avatar
1 vote
1 answer
250 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 ...
Khode_Erfan's user avatar
2 votes
1 answer
105 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 ...
Hashim Aziz's 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 ...
k'''s user avatar
  • 119
0 votes
1 answer
61 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 ...
ma11hew28's user avatar
  • 129
0 votes
1 answer
31 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 ...
g491's user avatar
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0 votes
1 answer
30 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 ...
Anonymous's 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 ...
lly's user avatar
  • 342
2 votes
2 answers
173 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 ...
HAEM's user avatar
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