Dissolution process is set out by statute in New York State. Not only can a Board meet and vote to dissolve, if the Board wants to dissolve the...

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Is a one shareholder professional corporation incorporated in NY eligible for S-corp status?

Yes, a one-shareholder professional corporation in NY may file an election form with the IRS for S status (Form 2553) followed by a similar filing...

Should have the atty argued to have directors (volunteers) not have personal liability in a corporate lawsuit personally?

If the attorney in question was defending the corporation, he would not have any obligation to also defend the directors. Most corporations with...

Paying employees with W2 vs 1099?

All "employee" wages are reported on the W-2. Independent contractor compensation is reported on a 1099. The issue here is which of the persons...

Will I have issues transferring the entity name of my LLC when I convert to a corporation?

In order to have an IRC Section 501(c)(3) charity, you will need a corporation - not a limited liability company. The operating agreement from...

I want to add a new, unrelated business to an existing corporation.

I agree with Attorney Bruno that a separate entity would be preferred; however, as you understand the mixing of liabilities, once you have...

My LLC line of business differs from a dba it created can I file another ein

It is a little unclear whether or not the LLC you formed is conducting two businesses now - vending and construction or whether you did not develop...

What proceeds should I follow to bring on new Board Members?

We agree with Attorney Kurzon that the starting place is your by-laws which set out procedures for appointing new board members. You may find that...

Where can i order a building's hdfc certificate of incorporation in NY state?

Go to the NY corporation search link: http://www.dos.ny.gov/corps/bus_entity_search.html After you have typed in the corporation's name and...

Can a CEO resign from the board and continue in the role of CEO?

The duties of the CEO should be set out in the bylaws of the corporation. If the bylaws do not require the CEO to serve as a member of the board...