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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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 ...
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Does OpenAI get any tax benefits from its organization structure?
At this point most people know OpenAI, one of the hottest companies in America, has below strange organization structure.
My question is whether this gains any benefits tax-wise. Is it just another ...
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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% ...
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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 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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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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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 ...
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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 ...
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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 ...
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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 ...
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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?
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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 ...
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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 ...
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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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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 ...
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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.
...
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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? ...
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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-...
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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 (...
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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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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 ...
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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 ...
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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 ...
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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?
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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 ...
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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 ...
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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.
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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 ...
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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.
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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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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 ...
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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 ...
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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 ...
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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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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? ...
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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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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 ...
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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 ...
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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 ...
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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.
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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 ...
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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 ...
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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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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 ...
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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 ...
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