What amount of differentiation is required between 2 related companies to stop the
piercing of the corporate veil?
Steve's answer
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Answered on May 19, 2021
Generally, one may invest in multiple companies - and actively advise if maintaining fiduciary duties, etc. Piercing the corporate veil is rare but...
How to make a delaware c corp with dual share structure with one class being super voting shares for founders.
Steve's answer
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Answered on May 19, 2021
Avvo lawyers cannot provide specific advice, but you are certainly asking the right initial questions.
These matters should have been structured...
Can a volunteer treasurer go to jail for embezzlement?
Steve's answer
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Answered on May 18, 2021
Volunteer means no wages, but liability remains. May sue to disgorge, etc.
Can I as an author "work around" a right of first refusal clause in a publishing agreement with a publisher?
Steve's answer
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Answered on May 18, 2021
Depends on existing agreement's scope, which may specify duration, subject matter, author name.
So, you might be able to write after a certain...
Can my minor child be the owner or part owner of an LLC?
Steve's answer
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Answered on May 18, 2021
Great early-life lessons possible here. May need parent / guardian as the original organizer and a future co-signer to deals. Governance is all...
How do I add a corporate officer to a c-corp so that he can sign documents for the company? Currently only myself is authorized
Steve's answer
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Answered on May 18, 2021
Before you go adding directors, ask lender to accommodate via virtual executions / closing or to allow you to assign power of attorney to this...
Company in NY; cofounders didn't sign a contract, didn't incorporat yet; the other person wants to leave and run the same idea.
Steve's answer
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Answered on May 18, 2021
Sounds like a general partnership with several complications and insufficient writings.
Consult counsel and consider:
1. Cutting a corner may...
Should I receive a K1 if I am not an employee but own 50% of the company?
Steve's answer
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Answered on May 18, 2021
If you are not an employee, then you will not receive a W-2.
If an owner, K-1 will allocate income, deductions, credits, etc.
Used older revision tax form 8833 treaty-based return position? Is this a problem?
Steve's answer
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Answered on May 17, 2021
You should be fine, so long as the IRS gets all required information and in response to the right phrasing of its questions. Someone may reach out...
Why do I have a subpoena in my name?
Steve's answer
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Answered on May 15, 2021
Couple ways to find out: Accept and read to obey the order sub poena (literally “under penalty”), or else the next knock may be a sheriff with...
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