Corporate Law

What is AB corporation in Oregon? An Oregon benefit company is a type of corporation or limited liability company that considers its impact on society and the environment in the business decision-making process, in addition to earning a profit. Read more on sos.oregon.gov A common type of business entity in Oregon and other US states … Read more

How many directors are required for a Massachusetts corporation? three directors Corporations must have no fewer than three directors, unless there are two or fewer shareholders. In such case, there may be one or two directors. Read more on www.wolterskluwer.com A corporation must have at least one director in Massachusetts. There is no cap on … Read more

Yes, a single person can be the only shareholder of a corporation. This type of corporation, known as an OPC or One Person Corporation, was established in the Philippines by Republic Act No. 11232, also known as the Revised Corporation Code of the Philippines. Nevertheless, some people are unable to create an OPC. These include … Read more

What is a foreign series LLC? A series limited liability company, commonly known as a series LLC and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple “”series”” each of which is theoretically protected from liabilities arising from the other series. Read more on en.wikipedia.org A … Read more

Is an operating agreement required? No. Though California law requires you to have an Operating Agreement for your LLC, it doesn’t require you to file it anywhere. Your California Operating Agreement is an internal document. Read more on www.californiaregisteredagents.net Operating documents are legal documents that outline the guidelines, standards, and processes for managing a company. … Read more

What happens to shares when a company is dissolved? A company’s shares will be suspended when the business goes into administration and there are no real options for ordinary investors to trade them beyond this point, even if a buyer is found for part or all the business. In most cases the shares will eventually … Read more

Can an LLC have treasury stock? In an LLC, units are used to break down the percentage of ownership each member is able to claim in the company. In terms of ownership, 100 percent of the company must be owned at all times because LLCs don’t have treasury units or stock that can be deemed … Read more

What is an example of dissolve? Stirring sugar into water is an example of dissolving. The sugar is the solute, while the water is the solvent. The sodium chloride (salt) dissociates into sodium and chloride ions when it is mixed with water. Releasing the helium from a balloon into the atmosphere is also an example … Read more

3 years Every corporation (except banks) whose charter expires pursuant to its articles of incorporation, is annulled by forfeiture, or whose corporate existence is terminated in any other manner, shall nevertheless remain as a body corporate for 3 years after the effective date of dissolution, for the purpose of prosecuting Read more on pnl-law.com When … Read more

Why does everyone incorporate in Delaware? The other major reason corporations choose to incorporate in Delaware is the quality of Delaware courts and judges. Delaware has a special court, the Court of Chancery, to rule on corporate law disputes without juries. Corporate cases do not get stuck on dockets behind the multitude of non-corporate cases. … Read more