Can I change the number of preferential shares after a company is incorporated?

Yes. To do so, you must amend the Articles, by obtaining Board and Shareholder approval. Whether you need Commissioner of Corps approval depends...

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MY severance agreement waived "all future claims" against the company. They are contesting my UEI claim. Do I have any recourse?

Depends on precisely what the severance Agmt said, but I would contend that the UEI claim is not "against the Company" but against the state UE...

My 50/50 s-corp partner of lancscaping business in PA abruptly left and there is no dissolution agreement - how do I handle?

First, he is not your partner; he is your co-owner or fellow shareholder. Partners have a different, generally higher fiduciary duty to each other...

I paid my bank $6000.00 to develop a business plan for me and my other 3 partners. Bank is now profiting with my plan.

Your Agmt with the bank to develop the plan should have specified that it was to be held confidential and that you were to be the owner of the...

Does 51% sharehold mean control

The above two answers are good. I will add: Q: you have stated that the 3 S/Hs hold 39%. What happened to the other 61%? What is a HK...

Tax Professional billed more than contract amount.

If the amend,ment came about because of something they erred on or omitted, you should not owe any more than the bid. If it was because you failed...

Do I have to file state taxes then to?

The safest course is to file. If you have filed state returns in the past or if you will file one in the future, they will come back to you and...

Can a company charge me for a mistake that they made?

No, they can't charge you for more than you ordered, any more than they could charge you for volunteering to treat your yard when you didn't ask...

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When I take money from the LLC what taxes do we have to pay?

An LLC that has not “checked the box” to be taxed as a corp is taxed as a partnership. Many of us started out as employees and are used to the...

What benefits can no MDR of Roth IRA provide?

The only difference is that with the MDR in a conventional IRA you must make the distributions every year after 70 1/2. In the Roth, there is no...