Archived
Can I sell stock to someone in exchange for a capital contribution to my corporation or does the corp have to issue stock ?
Samuel's answer
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Answered on January 08, 2015
I agree with Mr. Lauten: you can do either, but there are many considerations. Additionally, you want it to be clear that your friend will be an...
Archived
In the event there is a disagreement on business actions who gets to determine the outcome?
Samuel's answer
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Answered on January 07, 2015
The beauty of LLC's is that you can allocate the power to make decisions anyway you like. Decisionmaking can be by majority of members, majority of...
With no operating agreement can one partner forfeit his shares to another partner if he chooses ?
Samuel's answer
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Answered on January 06, 2015
Without an operating agreement, an LLC member can certainly resign from the company, have his interests cancelled, and thereby effectively increase...
Archived
How to substantiate closing stock prices on given date
Samuel's answer
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Answered on January 06, 2015
I would try getting access to Bloomberg or Thompson-Reuters, since those are the industry standards, and the data can easily be downloaded to a csv...
Archived
Should a social network be S-Corp or LLC
Samuel's answer
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Answered on January 06, 2015
As you can tell from the range of answers, neither an S Corp nor an LLC is the wrong answer. On the most basic level, LLCs are much more flexible...
Archived
Am I acting as a "broker" and subject to SEC registration? Am I violating SEC Rule 701 securities exemption?
Samuel's answer
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Answered on January 06, 2015
Issuing securities is complex, and is best done with individualized legal advice. That said, I would focus your inquiry on Rule 701(c)(1): The...
Archived
I was fired by a board member without the knowledge of the other 11 members. Can this be done legally?
Samuel's answer
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Answered on January 06, 2015
Ultimately, the answer depends on what powers have been delegated to that board member. If you have allies among the other board members you may be...
Archived
I recently had to close my business, which was registered as an LLC. Am I personally liable for those any business debt.
Samuel's answer
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Answered on January 05, 2015
It sounds like you have done everything correctly. So long as you minded the LLC formalities, you should be insulated from personal liability. If...
Archived
How do I file suit against an LLC if the person registered with Secretary of State cannot be found.
Samuel's answer
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Answered on January 05, 2015
If you are suing the LLC, just serve the Secretary of State of the states it is organized in and authorized to do business in. They will forward...
Archived
Corporation
Samuel's answer
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Answered on January 05, 2015
I don't understand the context of your question. If you are already in a court fight with the corporation, you can demand this information in...
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