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Rahulan Kathir's Answers

Rahulan Kathir
Los Angeles Corporate / Incorporation Lawyer.
Contributor Level 5

5

Attorney answers:

  1. Andrew Kevin Jacobson
  2. Jeffrey A Norton
  3. Michael Charles Doland
  4. Rahulan Kathir
  5. Michael S Hill

Purchase of common stock of a close corporation from another person.

Asked by a user in Los Angeles, CA - about 1 month ago.

You can do so directly. There is no necessity for the Corp to buy back the shares and reissue to you. A stock transfer agreement (also called a stock purchase agreement) between the buyer and seller (transferor/transferee) is highly suggested. It would also be prudent to check the bylaws of the Corp to see if there are any additional restrictions or requisites to the sale or transfer of stock from an existing shareholder to a buyer.

2 lawyers agreed with this answer

3

Attorney answers:

  1. Rahulan Kathir
  2. Joel Richard Beck
  3. Jeffrey W. Kreye

Closing s corp

Asked by a user in Ladera Ranch, CA - about 4 years ago.

Generally speaking (there are exceptions for example when your corporation's veil is pierced), you are not responsible for the debts of your corporation and therefore your personal credit should not be affected. However, if you did not sign the contract as an officer of the corporation, but rather signed it as an individual (meaning you personally guaranteed the debt), then you will be liable. You will have to take a look at the contract to see how it was executed. Note: This Answer and...

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3

Attorney answers:

  1. Okorie Chukwudimm Okorocha
  2. Rahulan Kathir
  3. Brian J. Passante

Corporate Name Availability

Asked by a user in Fresno, CA - over 4 years ago.

In California you can do a search through the State's database via the internet. Here is the link: http://kepler.sos.ca.gov/list.html However, keep in mind that just because an identical match is not present, your proposed name may still be rejected if it is almost the same as a name that currently exists. Good Luck!

3

Attorney answers:

  1. Timothy Sansom Faith
  2. Phillip Monroe Smith
  3. Rahulan Kathir

Appointment of director in non profit corporation

Asked by a user in Laurel, MD - about 1 month ago.

First you can check your bylaws to see the procedural requisites. Then you can have a meeting where you can pass resolutions electing the 2 new directors that are documented within the minutes. The minutes themselves contain your resolutions. Good Luck!

1 lawyer agreed with this answer

3

Attorney answers:

  1. Mohammad Ahmed Faruqui
  2. Rahulan Kathir
  3. Elena Rivkin Franz

Small Business

Asked by a user in Post Falls, ID - almost 4 years ago.

I'm not sure what state you are in, but in my state of California you cannot incorporate a professional services corporation as an LLC. You can form a PC (a professional corporation) and also elect S-corporation status if desired. Good luck! Note: This Answer and any information contained in this answer is not intended to be treated as legal advice; And, this posting does not create an attorney-client relationship or privilege of any kind.