Corporate Law

Can the board of directors dissolve a corporation? Read more on www.stimmel-law.com The board of directors is in charge of running a corporation’s operations, including deciding whether to disband the business. A corporation can be dissolved, in which case it will no longer exist and its assets will be transferred to its shareholders or creditors. … Read more

An official document known as a share certificate attests to the possession of a specific number of shares in a corporation. It serves as documentation of the shareholder’s ownership interest in the business and offers information on the kind and quantity of shares held. The document also acts as proof of the shareholder’s entitlement to … Read more

What is a initial designated office? The designated office is where copies of the organizational documents, operating agreement financial and other business records must be kept. ? The designated office does not need be the place of the LLC’s activity in California. Read more on bpd.cdn.sos.ca.gov When it comes to incorporating a corporation, South Carolina … Read more

What happens when a corporation dissolves? After dissolution of the corporation, all its assets should be converted into liquid assets to facilitate the payment of obligations to corporate creditors, and the remaining balance, if any, is to be distributed to the stockholders. This process is known as liquidation. Read more on ndvlaw.com A corporation is … Read more

Is it better to incorporate in Delaware or Nevada? For Corporations, the outside investors prefer Delaware, whereas management may prefer Nevada. In sum, both Delaware and Nevada offer more protection and predictability than your home state. Delaware tends to be preferred for corporations and LLCs. Read more on www.incnow.com Two states that frequently come to … Read more

Can a 16 year old be a shareholder? However, some companies do not accept minor shareholders by provision in their articles or terms of issue. Even though children can own shares at any age, they have to be over the age of 16 to become a director of the company. Read more on www.whitefieldtax.co.uk Yes, … Read more

Are Articles of Incorporation the same as articles of organization? Articles of Incorporation Vs. Articles of Organization. Articles of incorporation are used to create corporations, while articles of organization are filed to form LLCs. Articles of incorporation may also be known as certificates of incorporation or corporate charters. Read more on howtostartanllc.com One of the … Read more

What are the requirements for incorporation? Requirements for Articles of Incorporation Name of corporation. Name and address of the registered agent. Type of corporate structure (e.g., profit corporation, nonprofit corporation, non-stock corporation, professional corporation, etc.) Names and addresses of the initial board of directors. Read more on www.investopedia.com One of the most crucial choices you’ll … Read more

What is best state to incorporate in? Nevada is the only state in the union that extends charging order protection to corporate shares. This makes Nevada the best state to incorporate a corporation in. Read more on corporatedirect.com A crucial choice that could significantly affect the future of your firm is whether to incorporate. Where … Read more

What is the title of the head of an LLC? Common Managing Member Titles. In addition to “”president”” and “”CEO,”” common titles used by LLC chief executives are “”principal,”” “”founder,”” “”consultant”” and “”owner.”” Along with being correct and true, these titles accurately represent your position in the company. Read more on legalbeagle.com Many business owners … Read more