The only reference that referred to minorities that I found in the CA Corp Code was Sec 318, wherein the Secy of State is directed to maintain a...

In California you may add any officer authorized by your bylaws by board action, i.e., the Board should adopt a resolution, recorded in Minutes or...

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P.S. Further thoughts. Prepare a business plan. Your new CFO can help. This projects and describes the contracts that you expect to get, the...

Raise money. What any new company needs most is capital. You are in a unique position to minimize and defer this need, assuming you have contacts...

How do I go about the buyout of my ex-wife's shares of my S-corp? I admit, we're both still new to this. Thanks

Generally, I agree with Ms. Koslyn, except that like most states, the NC annual report does not require info on shareholdings, so no corp filing is...

Florida LLC formation and Operating agreement.

Yes, you can do this. I am concerned about the forfeiture of the minority members’ interest. This type of ephemeral ownership does not provide...

An LLC was formed with 3 members. All three member put up collateral. The third member left the business 3 weeks after it opened

See my answer to your prior question. (Bryant) Keith Martin sbbizlaw.com

I am part of a three member llc. One member willingly left the llc 2 weeks after it was formed. Now our mortagage note is up and

Generally, in California if an LLC member withdraws, he is not entitled to be bought out of the LLC. Unless the Articles or the Operating Agmt so...

How long do I have to wait for repayment of a verbal loan?

I doubt that there is a statute on this unless you are pawn broker, so court would say a you must wait a reasonable time. If you know where the...

Tax Related: Motorcycle Expenses for Business

Yes, you have a choice of deducting the miles or deducting all vehicle expenses and crediting IRS with a pro rata share for personal expenses. ...