New answers tagged corporate-law
0
Equity is established by the company acquiring value. If the only value the company has is in its ability to sell stock, then the fair market value of the stock is quite easy to calculate: it's whatever you say it is. If you buy 100,000 shares of stock for $0.25 each, then the total assets of the company consists of the $25,000 that you paid to the company ...
2
Companys limited by shares1 always have shareholders
When you apply to create a company it is created with the number and types of shares specified and are owned by the people nominated in the application form.
Tax
Shares in a newly founded company can be set at any value and their acquisition does not create a taxable event for either the founder(s) or ...
0
First of all, I agree with TorstenS's answer and with phoog's comment.
In general, the UK is a country where it's quite easy and cheap to incorporate making it a country you definitely should look into if you want to incorporate. Here in Germany, there was a time when 10% of all incorporations were UK limiteds and some banks even offered bank accounts ...
0
I agree with ohwilleke, a registered agent is not the same as a mail forwarding service.
However, a mail forwarding company could also be offering registered agent services. In that case, you would have to check with the mail forwarding company for further details (for instance, there might be a surcharge for registered agent service).
1
On one end of the spectrum, suppose the YouTuber sets up a corporation
for his business that he controls completely. In that case, it doesn't
seem that the corporation has any moral responsibility. On the other
end of the spectrum, I could imagine a nameless corporate entity
paying people to do irresponsible stunts.
Does the law differentiate ...
1
Illegal activities
An employer that requires an employee to commit a crime is an accessory to that crime. For example, breaking into a construction site to climb an incomplete building is a crime - usually called breaking and entering. The employee has committed the crime; the employer and the individual agents of the employer who were complicit in that ...
2
So here is what the bank is looking for:
Your Board of Directors (BoD) has a meeting at some point. As part of that meeting, they (you) decide to open a bank account with XYZ Bank and pass a resolution (which is basically a "we will do this" which is voted on and passed by a vote).
Now you send a representative to the bank to open the account. The bank ...
1
does the individual have legal recourse?
Not really, as I explain below. In reaching this conclusion, I'm assuming that this question is a follow up of your previous one.
Can a contract signed as an act of submission rather than consent be considered invalid?
Contracts entered under duress or coercion are voidable by the coerced party. However, not ...
-4
It would not be grounds to sue if it is not in writing. However the company may be sued for misleading statements or anything improper they did. It would be a fraud case if they claimed that they were going to offer equity but could not present a contract for administrative reasons. Keep any emails or communications where they suggested equity would be ...
4
does the individual have a legal case against the company?
Unfortunately, no. Some details and terms you use are unclear (e.g., "phantom" equity, "manifest" core technology, and so forth), but your overall description reflects that the individual sabotaged himself by signing a contract that does not mention the promise of equity through which he was ...
Top 50 recent answers are included
