Archived
A partner is leaving an S-corp, which is supposed to be a non-profit.
Louis's answer
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Answered on August 16, 2011
A corporation cannot be both an s-corp and a non-profit, so something is wrong here. A properly filed s-corp election will result in the...
Archived
Is it legal for a corporation by majority shareholder vote to reduce the company stock value by 50% to generate more capital?
Louis's answer
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Answered on August 16, 2011
Maybe. If the directors faithfully discharged their duties of loyalty and care and believed within their business judgment that raising capital at...
Archived
How do i change the name and purpose of my nevada s-corporation
Louis's answer
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Answered on August 16, 2011
File a Certificate of Amendment. The form and instructions are at http://nvsos.gov/Modules/ShowDocument.aspx?documentid=578.
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