Unlocking Your Business Potential
How can a director be removed from Delaware law? Specifically, Section 141(k) of the Delaware General Corporation Law (“”Section 141(k)””) provides that “”any director or the entire board of directors may be removed, with or without cause, by the holders of a majority of the shares then entitled to vote at an election of directors,”” … Read more
Does an S Corp have to have board meetings? California law requires ALL California corporations, even those owned by a single shareholder, to hold an annual meeting of the shareholder(s) for the purpose of electing the board of directors. Read more on www.yourlegalcorner.com S corporations are a well-liked type of company entity that provide their … Read more
Can family members be on the board of directors? Can my board of directors contain family members? Yes, but be aware that the IRS encourages specific governance practices for 501(c)(3) board composition. In general, having related board members is not expressly prohibited. Read more on www.harborcompliance.com The governance and leadership structures of nonprofit organizations are … Read more
How do I get a copy of my articles of incorporation in Kansas? Documents Available Online Visit Business Entity Search. Enter the business name or business entity identification number for the business for which documents are needed. Select the appropriate business from the results displayed. Select the ‘View History and Documents’ tab to view documents … Read more
Why is Waitrose a partnership? Waitrose and its related brands are owned by the John Lewis Partnership (JLP), which is itself owned by its employees, referred to within the organization as “”partners.”” Employee shares are held in trust by the Partnership-their shares cannot be sold by the individual partners. Read more on en.wikipedia.org British grocery … Read more
Why do companies file annual returns? It helps the company or entity give notice to the Commission of the entity’s continued existence, further to which the entity’s name is retained on the register kept by the commission. Failure to file annual returns is a signal that the company may not be in operation. Read more … Read more
What is a registered agent in the state of Hawaii? A Hawaii registered agent is a resident individual of Hawaii or a business registered in the state that agrees to accept legal correspondence on behalf of a company registered in Hawaii. Read more on www.northwestregisteredagent.com Businesses are needed to have a registered agent in Hawaii … Read more
A well-known office supply company that offers organizations a variety of office products and services is Summa Office Supplies. The business serves a sizable consumer base and has numerous sites across the country. Who Summa Office Supplies reports to is one of the most often asked questions by its clients. In this post, we’ll look … Read more
How do you name a holding company? Choose Your Holding Company Name That is Flexible. It is best to avoid using a name that binds your holding company to a specific geographical location, Decatur Investment Inc, or New York Holdings. Also, avoiding names that pigeonhole your company into a certain line of business, like Omaha … Read more
What is the equivalent of an operating agreement for a corporation? articles of incorporation An operating agreement (bylaws) is an internal document that defines how the business owners professionally relate to each other, whereas the articles of incorporation (certificate of formation) is a public document that legally establishes a business as a corporation. Read more … Read more