New York, NY
Business Lawyer at New York, NY
Practice Areas: Business, Corporate & Incorporation ... +2 more
In many states, nonprofits are nonstock corporations and have "members" instead of stockholders, and the members can elect directors. So a holding...
The core issue here is if the President is authorized by the Board of Directors, the Bylaws, or the corporate Charter to sign the lease on behalf...
A not-for-profit's member's rights would depend on the state where the not-for-profit was incorporated. In most states, a member does have a right...
Mr. Spitz's analysis is spot on. The question you need to ask is why you want to have the llc in Wyoming. Forming the llc in one State and then...
A letter of intent is legally binding only to the extent that the letter says it is. There are many concerns involved in buying a business, such as...
There are several elements to consider in your question, but firstly, for the sake of clarification, what I think you are trying to say is your...
Getting and maintaining 501(c)(3) status is hard work. You would definitely want to speak with a lawyer for a proper evaluation of the situation....
You should be aware that there can only be one class of stock in an S Corp. What this generally means is that the economic rights of each share...
Your question ultimately turns on what is stated (or not stated) in the Corporate Bylaws, which would control how officers are elected and removed....
Mr. Rothstein's analysis is correct, but to be clear, if the "corporate veil" is pierced, then money can be taken from your personal bank account....
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