Archived
My ex has been using my name as a director for a non profit corporation in Florida without my consent or knowledge. I didn't lea
Uri's answer
|
Answered on June 27, 2013
You can contact the Florida Department of State Division of Corporations to report and correct fraudulent business filings. Their website is...
Archived
Is there anything unethical about an attorney who is a director and officer of a corporation to represent that corporation?
Uri's answer
|
Answered on June 27, 2013
When a lawyer is representing an organization, the general rule is that the client is the organization itself. However, the organization...
Archived
Suing a board(s) member for violating their fiduciary responsibility
Uri's answer
|
Answered on June 27, 2013
Yes. Business Corporation Law § 720 permits an action to be brought against directors or officers to compel an accounting for their violation of...
Selected as the best answer
Can a business legally sell its assets at below market value to an interested shareholder?
Uri's answer
|
Answered on June 27, 2013
Under California law, officers, directors, and even majority shareholders owe fiduciary duties to the corporation and the other shareholders. ...
Archived
I want to sell back inherited shares of a family farm, but they're taking a 40% discount on my shares. Why?
Uri's answer
|
Answered on June 26, 2013
Valuation of the shares of a closely held corporation is tricky and the lack of marketability of the shares significantly impacts share valuation. ...
Archived
Is a one shareholder professional corporation incorporated in NY eligible for S-corp status?
Uri's answer
|
Answered on June 26, 2013
Article 15 of the Business Corporation Law authorizes the formation of a professional service corporation, in which all shareholders must be...
Archived
I want to start an S Corp in California.
Uri's answer
|
Answered on June 26, 2013
The answer depends on the type of business, number of shareholders, your long term business objectives and how you intend to finance your growth. ...
Selected as the best answer
Archived
Tx for previous fdbks!
Can an S-corp have a professional corporation subsidiary (100% owned by one of the s-corp shareholders)?
Uri's answer
|
Answered on June 26, 2013
Generally, an S Corporation can have a subsidiary which can either be a Qualified Subchapter S Sub, a C Corp, or an LLC. However, the subsidiary...
Does it matter if I elect close corp or general stock corp when filling my articles of incorporation in California?
Uri's answer
|
Answered on June 26, 2013
The truth is that you can begin operating as, and derive the tax benefits of, being an S Corp and as your business grows and you need to bring in...
Archived
LLC or LTD ?
Uri's answer
|
Answered on June 26, 2013
When you say "LTD," it would appear that you are using that as an acronym for Limited Partnership. If so, your question is whether a Limited...