Archived
My husband and I are forming an S-Corp. We are the only shareholders. Do we divide the shares 50/50? How many shares to start?
Eric's answer
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Answered on June 14, 2013
You can divide the equity any way that you would like to and likewise can issue as many or as few shares as you see fit. It all depends on your...
Archived
How do I quit a company I co-own? There are 3 owners, and I don't feel like I want to be apart of it anymore.
Eric's answer
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Answered on June 14, 2013
Check your corporate governance documents to see if there is a procedure in place for Officer resignation.
As for any equity you own in the...
Archived
Which would be better for two people who want to start a company ?
Eric's answer
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Answered on June 14, 2013
You need to sit down with a business lawyer in AZ and layout exactly what you are looking for. From your question it appears you want to structure...
Archived
Should I accept certified letter from an attorney.
Eric's answer
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Answered on June 13, 2013
If your goal is communicate with your partner regarding this matter, it would make sense to accept correspondence from your partner's attorney.
Archived
Is the role of a CEO completely determined by the board of directors or are there tasks that must always be done by a CEO?
Eric's answer
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Answered on June 12, 2013
The role of the CEO will likely be defined in the Corporation's bylaws. The employment agreement between the CEO and the Corporation can (and...
Archived
Is it possible for a CEO of a C-Corporation to have the rights and obligations of a minority equity investor?
Eric's answer
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Answered on June 12, 2013
the CEO should contact a good business attorney in NYC who can walk him through the statutory protections for Officers of Corporations in the state...
How many hours should it take a lawyer to draft a terms of service document for a start up web based company?
Eric's answer
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Answered on June 11, 2013
It is difficult to guess without any knowledge about what services your company will be offering. There are lots of Seattle/Bellevue business...
PA, LLC, or PLLC for Florida Real Estate Agent / REALTOR?
Eric's answer
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Answered on June 10, 2013
Incorporating your business will provide a limited liability shield for you and your personal assets. What this means is that your business will...
Archived
Can I pay an independent contractor a high rate against future revenue, downside they might not make minimum wage?
Eric's answer
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Answered on June 09, 2013
Start-ups have to be very cognizant of their cash flow issues and take great care when getting off the ground - but when it comes to compensation...
Archived
Psychologist who is hiring another to work for me. Will an S-Corp protect my personal assets if they are sued for malpractice?
Eric's answer
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Answered on June 09, 2013
Your question blends incorporation and insurance issues. For a professional practice both are important. I would find a good business attorney who...
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