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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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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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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1answer
19 views

Is the fiduciary relationship built upon shareholder interest or will?

Under corporate law, fiduciaries (such as directors or executives) have a duty to act in the best interest of a firm's shareholders. This usually takes the form of increasing share value or the payout ...
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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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23 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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36 views

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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251 views

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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76 views

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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69 views

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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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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46 views

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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33 views

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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Can a majority share holder sell of all company assets and run away from being sued?

Say I own 25% of a company. Mr X owns 75%. Mr X sells of all company assets. He siphons all the money by slapping management fees on the company, running the company coffers dry. I sue the company. ...
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Who is responsible for environmental clean up?

Suppose you bought a property that had serious environmental problems (lead, gasoline, etc.). An environmental authority calls you on it and orders you to clean it up. You bought the property ...
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Who approves the creation of new shares in a Proprietary Limited Company?

I'm struggling to find a concrete answer for this. Who approves the creation of new shares in a Proprietary Limited Company? Is it the Board of Directors (through board resolution), or Shareholders (...
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1answer
113 views

Termination of the appointment of a non-executive Director

The majority of shareholders of Company incorporated in Cyprus, during an AGM, has elected a new non-executive Director to the Board. He then receives a letter of appointment materializing service ...
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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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1answer
80 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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30 views

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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33 views

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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87 views

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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1answer
36 views

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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73 views

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 ...