Archived
If the corporate stats of a HOA is suspended for whatever, are they allowed to enter into a contract with a managing agent for
Michael's answer
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Answered on April 22, 2016
Can it enter a contract?
Technically no, once legal status is lost the corporation is supposed to cease doing business and cease operations. If...
In corporate agreements/bylaws about share redemption and determining value, must there be a formula or can it be undetermined?
Michael's answer
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Answered on April 22, 2016
I would not suggest allowing one side or the other to determine the value. As a best practice, the documents should lay out a process by which a...
Archived
What are my obligations as an officer when leaving a failing corporation (no business, no cash, no employees, 1 partner)?
Michael's answer
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Answered on April 22, 2016
If your only role with the corporation is that of an officer, tender your resignation and walk. If you are on the board of directors, you may want...
Archived
Can I robocall corporate landline phones and offer them business loans?
Michael's answer
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Answered on April 14, 2016
Robocalling is regulated at both the federal and state level, so even a complete understanding of the federal laws will be incomplete. I suggest...
Archived
What can I do
Michael's answer
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Answered on April 14, 2016
I am sorry to hear that they are messing with your vacation. I am sure you can get your deposit back just by asking, and hopefully they are...
Archived
How do I get my share, do I have a legal case and what is the cost.
Michael's answer
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Answered on April 14, 2016
This is difficult to answer given the information provided. Knowing the structure of the entity, the country of domicile, and whether you made a...
Archived
Does a corporation's bylaws need to explain what "cause" is (re: termination with cause)?
Michael's answer
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Answered on April 14, 2016
There is no requirement that the bylaws define "cause" but in this case it would certainly be advisable for the corporation to provide such a...
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Archived
I formed a legitimate Corporation Sole in California
Michael's answer
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Answered on April 14, 2016
In addition to what others have said, the amount of your capitalization will provided the basis for your stock upon disposition. While you are not...
In a California corporation, can a shareholder be "terminated" (shares unilaterally redeemed) by the corporation for misconduct?
Michael's answer
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Answered on April 14, 2016
Unless permitted by the articles of incorporation, bylaws, or by contract (e.g., buy-sell agreement, subscription agreement, stock purchase...
Archived
How do you register a US LLC company as a foreigner, and what would be the pitfalls to look out for?
Michael's answer
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Answered on April 12, 2016
One potential pitfall may be the federal and state income withholding requirements for foreign LLC owners. Another barrier may be obtaining the EIN...
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