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In most states, the directors have a fiduciary duty (the highest) to the shareholders, or in this case the owners. The owners are entitled to...
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It's waived for 2013 only if it was incorporarted after 12/15/2013 and does no business in 2013.
As usual, I agree with Mr. Doland. Nonetheless there is an urban myth that a single-member LLC can be pierced, imposing member liability, which is...
This will not permit you to hide the asset from the bankruptcy court. You will have to disclose that you own the note.
The prepaid fee is the earmark of a scam. Do not pay it. Even if you do, you will never see the loan proceeds.
No matter what they told you, pyramid schemes are illegal. This sounds like a pyramid scheme. Courts do not enforce illegal debts, so don’t worry...
No, not if you buy shares. You must buy the assets from the corp to get a new basis for depreciation.
Under the corporate laws of most states, a 51% shareholder can call a shareholder’s meeting and remove the entire board. You could then elect...
A corporate bankruptcy is like tying a ribbon on the corpse. You could achieve the same end by dissolving the corp, as the creditors could not...
You can't be arrested for not paying back a loan; that would be debtor's prison, which is not permitted in the U.S. If you committed fraud, which...
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