Do the shareholders and creditors have a right to sue a director for breach of fiduciary duty?

Shareholders yes, creditors if the company is in a "zone of insolvency". Discuss with a lawyer if there was in fact a breach and what to do

You need to start with a copy of the partnership agreement. A lawyer can review cheaply and give you advice

Can a section of a contract be up held if it was never followed from the beginning?

The contract with one employee would not be binding on the second employee. But, as to the first employee, the contract would be binding despite...

What is eb5 visa means in creation of job if someone buy exiting business is that help to get green card by eb5 visa

There are two parts. The EB5 issue is not a simple formula. It is complicated to prove the money will create jobs. There is also strategy on...

New Company Registration.

I suggest you hire a business lawyer for two or three hours to explain all of your options. He could also draft what you need as next step. By...

What SEC forms must be completed in order to sell stock of a privately-held public corporation through a broker/dealer?

I agree you did not give enough information. But there are also other questions. Do you have inside information? Are there contractual selling...

Can my personal assets be at risk if my LLC is sued for anything?

To further the above answer, have a separate email address at least. Form on Gmail. It at least shows some intent to keep personal and business...

Generally you want to set up a single member llc to do this. This is relatively cheap. It gives liability protection. It allows you to have a...

Is a president (who does not own shares) of a privately held corp. allowed to give the corp. a loan (with interest) ? Is it self

I assume your sons and the board are ok with this and the terms. Get them to agree by resolution. However, you need a lawyer to paper this. Have...

First of all, do you have a shareholders / stockholders / buy-sell agreement? If so, that would dictate. A lawyer would have to review For the...