Is it ok for a board member to apply for a position with the company they sit on the board for?

Restrictions on “insider dealings” are extreme in a nonprofit corp, particularly if it is a “private foundation” as opposed to a “public charity.”...

If I sold my stock in a drugstore to my partner am I responsible for any audit on prescriptions after the sale?

Depends on what your Stock Purchase Agmt said. If it was complete, you would have given representations and warranties about the financial...

If a company is owned fifty fifty by two people and one owner wants a director removed what happens

Nothing happens. Your company is deadlocked. In most states the law (and probably your Bylaws) provides that the Directors serve until their...

No, in every state that I’ve looked at, a corp must be represented in court by legal counsel.

Federal estate tax return

An Estate Tax Return is not a DIY project. Hire an estate planning lawyer to prepare it.

Ask for proof of Service Dog status

For an answer right from the horse’s mouth, go to www.ada.gov/svcanimb.htm for the “ADA Business Brief: Service Animals." This says that the...

Tax Attorney - IRA rollover did not happen within 60 day period. What are my options?

The best way to find out about whether you can redeposit the funds is to ask the IRA sponsor whether they will take the funds. They may not know...

There are advantages to being incorporated in DE. The majority of the corps on NYSE are, so I would not be in a big hurry to dissolve the DE corp,...

Can my member interest in a llc be diluted and a portion given to another member?

Depends on what the Operating Agmt says. It should set forth the rules for sales of interests to new members. Do you have an OA?

I'm am considering in starting my business in the Wholesaling Real Estate do I need a lic:

How is “Wholesaling real estate” different from any other real estate brokerage? If you are a broker or agent, you will need a real estate...