Corporate Law

Can you make yourself a corporation? Can I incorporate myself? Sole proprietors can incorporate themselves, and there are a number of benefits to doing so. Most importantly, turning your sole proprietorship into a corporation means greater ease in securing financing from a lender. Read more on www.incorporate.com If you’re beginning a small business, you might … Read more

What happens if you dissolve a company? When a company is dissolved, its liabilities are usually extinguished. If the debt was not secured, the creditor will need to apply to restore the company to the register and bring legal proceedings against the restored company to recover any monies owed to it by the company. Read … Read more

Do subsidiaries need to be registered? If the company makes the business line a subsidiary, the company may also decide to incorporate it as a legally separate entity. The decision rests with the business owner or parent company, as subsidiaries aren’t legally required to be incorporated. Read more on smallbusiness.chron.com A company that is owned … Read more

What happens to lawsuit if company is sold? Yes. If the company still exists after the sale, you may file a civil lawsuit against it in state and, in some cases, federal court. If it no longer exists after the sale, you may be able to file suit against the company’s shareholders. Read more on … Read more

Can a foreign corporation sue in New York? Read more on www.thebachmanlawfirm.com Businesses that are incorporated outside of the state in which they are doing business are referred to as foreign corporations. For instance, a company founded in California that begins doing business in New York is considered a foreign corporation in that city. Can … Read more

Can a company be dissolved if it owes money? Yes, you can close your company. The process is called dissolving a limited company or dissolution. A voluntary dissolution can remove companies from the Companies House Register if you meet certain conditions. Most specifically, you cannot dissolve a company if it has significant debts. Read more … Read more

Which states do not recognize S corporations? Some jurisdictions-the District of Columbia, Louisiana, New Hampshire, New York City, Tennessee, and Texas-do not recognize the federal S corporation election and, for the most part, tax S corporations like other business corporations. Read more on eminutes.com S corporations, commonly referred to as small business corporations, are subjects … Read more

What is a corporate form? Organizing a business in corporate form allows a company to function independently from the owners of the business. And one or more people may operate a company in corporate form of business in many states. Read more on smallbusiness.chron.com A corporate form is a type of legal structure used by … Read more

What is the purpose of a corporate resolution? A corporate resolution is a written document created by the board of directors of a company detailing a binding corporate action. A corporate resolution is the legal document that provides the rules and framework as to how the board can act under various circumstances. Read more on … Read more

Is a Certificate of Incorporation the same as a certificate of existence? Difference Between Certificate of Existence and Certificate of Incorporation/Organization. A Certificate of Existence is not the same as a Certificate of Incorporation or a Certificate of Organization. Read more on www.upcounsel.com There are several legal procedures that must be followed when beginning a … Read more