If I am a shareholder in a private company? Can I gift my stock to my client or customer? can a private company gift stock?
Michael's answer
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Answered on February 16, 2017
Mr. D'Esposito touches on key concerns. To elaborate, gifting of shares by a company is problematic in 2 specific regards and maybe more. First,...
How do I issue share certificates when I sell some of my shares to someone?
Michael's answer
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Answered on January 13, 2017
I agree with most of the other posts in this regard.
As a starting point, you should determine the purpose for which you are "selling" shares to...
Archived
What is the difference between an unenforceable provision of a contract and a contract breach?
Michael's answer
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Answered on December 29, 2016
Fundamentally, a breach is a violation of the terms of a contract. However, it sounds like you and your wife may have waived compliance with the...
Archived
When Incorporating, How do we decide the par value of our shares?
Michael's answer
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Answered on December 29, 2016
Fundamentally, par value only sets the minimum price at which shares may be validly issued. In some states, par value may also be a factor in...
Archived
My son has a LLC registered and tax ID in Texas and I want to get it transferred to me. What do I need to do?
Michael's answer
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Answered on December 06, 2016
The answer depends on the current state of the LLC. You need to know whether the LLC has issued ownership interests and/or adopted an operating...
Archived
We just register the C Crop in the Texas , the authorized share is 1,000,000, and per value is $ 1, director is me and my parthe
Michael's answer
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Answered on October 31, 2016
I concur with the comments of others as to significance of par value (i.e., minimum price at which shares may be issued as validly issued and...
Archived
If i give an investor a certain percentage of my business, how long could the investor hold on to this ownership?
Michael's answer
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Answered on July 22, 2016
Your question goes to the contractual terms associated with the securities that you plan to offer and what it will take to attract the needed...
Archived
Can I sue an ex employee who signed a non-compete form, yet started a business identical to mine, almost same name too.
Michael's answer
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Answered on July 22, 2016
Non-competes must generally be reasonable in scope and ancillary to or part of an otherwise enforceable agreement and must be supported by...
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