9

There are two different kinds of transactions that are implicated by your question. The first is a stock stock split. This simply turns 1 share into X shares and trades out existing shares for new shares. This has no economic effect and is simply done for the convenience of trading shares for prices that are easy to work work on a practical basis, for ...


9

Contracts are transferrable The default rule is that the rights and obligations that one person holds under a contract (your original bank) can be transferred to any other person (your new bank). This is only not the case where the contract is one for personal services (e.g. an employment contract) or where the contract explicitly prescribes or otherwise ...


7

What happens to a corporation, or any of its executives, when that corporation is dissolving but has unpaid state franchise tax fees that it does not have the assets to pay? You can't get blood out of a turnip, even if you are the tax collector. This said, if assets were transferred without consideration to someone, the tax due could be recovered from the ...


6

Barrister to instructing solicitor: “Am I working for the plaintiff or defendant?” Plaintiff Your honour, this excellent study and the expert testimony you have heard from the authors, clearly demonstrates that whiteboard testing is sexual discrimination by another name. The clear correlation between the gender of the interviewee and their ability to ...


5

My first knowledge of it was that my debit card was declined. That is probably the only thing that you have legal standing to complain about. As pointed by Dale M, contracts can be transferred unless they explicitly prohibit transferring. You are entitled to continue to receive the same service under the same conditions as your original contract provided ...


5

"it seems strange that companies would be allowed to raise money by decreasing the value of an asset that shareholders have already bought." If the new issue is priced right, it should not decrease the value of existing shares. The new stock should be matched by a growth in the assets on the company’s balance sheet. Here’s a simple example: Suppose ...


5

First of all, the case US v Microsoft was originally a 1998 case, not 2001. Jackson entered his judgment in June 2000. Microsoft appealed timely. It went from Jackson's district court, straight to the Supreme Court, using 15 U.S.C. §29(b), and the Supreme court issued 530 US 1301. While the states filed for being heard, the Supreme Court declined them, ...


5

Do fans legally have any ownership rights? Generally, no. It can be done if an agreement of the team is put into place when the team is founded or if the current owner agrees to it (which can then be binding on whomever the team is sold/transferred to). There are some leagues, such as the Bundesliga (Thank you Nij, for the correction; Sports in general are ...


5

Yes, but there is a risk If a company persistently violates the law, the regulator can go to court to get an injunction for them and their agents to stop. If they don’t they are now in contempt of court and the fines for that are much steeper. Also, the people in contempt can be jailed until the contempt stops.


5

There are often additional legal measures that the authorities can take to make it more expensive and troublesome for a company that acts in the way described in the question, treating a fine as merely a cost of doing business, or as a "convenience fee". For example, consider the Seattle Building code linked in the question. While section 103.5 ...


4

If the company makes a contract, and as a result of that contract it owes more money than it has, then the company goes bankrupt and the owners and directors can walk away from it. This covers the owners/directors in cases of ordinary business contracts. However if an employee (including an owner or director) does something sufficiently harmful then under ...


4

If the person uses that name "in commerce" then it could be a violation of the "Amazon Prime" trademark. Trademark law is often based on the "common sense" doctrine. The question the court would ask themselves is "could a common sense person come to the conclusion that this user represents the company Amazon.com Inc.". ...


3

Directors don’t own companies - they manage them Shareholders own companies. So, if you are a director and die, the legal upshot is you are no longer a director and the company may need to replace you in accordance with its rules. If you are a shareholder, then, subject to any other contracts like a option for the company or other shareholders to buy the ...


3

Short Answer Does statute prescribe algorithm for calculating quorum? No, but it does provide a default and minimum quorum for board meetings (indirectly through a non-condo statute), which is sufficient to resolve the questions asked for a five member board, in most cases, although the bylaws could set a higher quorum than the minimum or default ...


3

No, but ... The CEO is an officer of the company (as are the directors and any others with the ability to substantially exercise control over the company) and as such, owes fiduciary duties to the company - not to the shareholders or any subset of them. For example, if it is in the best interests of the company to enter a trading halt but not in the best ...


3

The Cayman Islands are well known as a tax haven. They have a corporate tax of 0%, and that includes income from abroad. So by moving your company officially to the Cayman Islands, you can avoid to pay a lot of taxes. Now of course most other countries will still send you a tax bill for any income you make with business activities within their borders. But ...


3

Can they be charged with anything besides the known $100k penalty for openly deciding to break the law? The answer may depend on US state-specific legislation but In england-and-wales - which is also a Common Law jurisdiction - the demolition of a listed building without proper authorisation is an offence under s.9 of the Planning (Listed Buildings and ...


3

You want to construct the building without the necessary entitlements... planning approval, zoning compliance or variance, concessions such as roadbuilding or traffic lights, building plan, work permits etc. You're overlooking some costs there. Right off the bat is the cost of constructing the structure. Mind you, when the dust settles, the municipality will ...


2

Is this legal? Does that mean in anyway that it can also be enforced for agreements in the past? This is hard to answer because your description is somewhat confusing. The first paragraph is unclear as to whether the benefit at no-cost is contingent only on the employee's completion of the course prior to leaving the organization, or also on the employee ...


2

Are 501(c)(3) nonprofits allowed to sell goods and services to the public (like any other for-profit would)? Yes. The sale of goods and services as you describe it does not sound in violation of 26 USC § 503. However, the 501(c)(3) tax-exempt entity would need to pay tax on income earned from those sales. Per U.S. v. American College of Physicians, 475 U.S. ...


2

couldn't Peter sue John (and his new company) instead of the old company? That depends on the intricacies of corporate law in the [unspecified] jurisdiction at issue. For instance, the applicable legislation might require John to sue the old company, which in turn would proceed as third-party plaintiff to go after John. Regardless, it seems safer for Peter ...


2

The relevant law is Section 2 of the Sherman Antitrust Act of 1890. The elements for contravening it are: the possession of monopoly power in the relevant market; and the willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident. Google is not ...


2

No. Tax is paid on profits, not on investments / venture funds.


2

In the "old days", consoles were pretty simple affairs compared to what we have today - largely manufacturers relied on the cost of the physical cartridges to ensure lock-in and control over the available games on their systems, along with copyright control over the documentation required to properly code against the system. Of course, it was ...


2

One of the first things you learned was wrong Or, at least, incomplete. Copyright exists the instant the literary or artistic work is "fixed": that is, recorded in some manner that is retrievable and reproducible. Under the Berne Convention, a requirement in domestic law that a work is registered or marked with a copyright notice is not allowed.


2

Q1: Can a non-natural person (i.e. company M) be the only director / manager of company P? If not, how would company M exert its managerial power over the assets held by P? Some jurisdictions allow this, others do not. I don't have a comprehensive list of which do and which do not. Q2: How does Bob, who has no direct role in company P, open a brokerage ...


2

Short Answer Not really. Long Answer There are two kinds of court documents. The ones primarily used by lawyers in cases other than the actual case being litigated are published court opinions in appeals, and sometimes of trial court rulings on motions or bench trials or legal issues. These cases are assembled by legal publication companies in what used to ...


2

Not necessarily, although one can imagine circumstances where it would. In general, you can put anything in the name of a non-profit that you want. So, if I want to start the Borneo Burger Society in Portland, Maine, that isn't in and of itself illegal. Trouble could arise, however, if a name containing a geographic location is used in furtherance of fraud ...


1

There is also the option of a trustee service. Here, they write: Requirements for the .eu trustee service: Postal address in the respective country of registration for the AdminC (administrative contact) or the OwnerC (owner contact) Legal agreement with a trustee service provider, e.g. the registrar Local contact person for the domain The customer ...


1

A US citizen may incorporate any company. There has never been a need to work in a company you own. An H1B has lower requirements than other visas. So that shouldn't be the problem. But it is company-specific and limited. So, only one can give you an reliable answer, the USCIS Service Center. As far as I know the H1B visas for 2021 are gone already. ...


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