I am president and member of a 4 person board for a small
I am president and member of a 4 person board for a small women's golf group. We want to dissolve it due to a group of 48 women fighting like 8th graders over stupid issues. We will all resign, and refund 100% of each members dues and winnings to date. We have arranged a pay as you play option so there is no disruption in golf season. There is also a group wanting to take over management, but we know they want the dues. We are only talking about a $4000. Checking account. We just want to make sure we are doing everything right, including notice under Roberts rules.JA: What state is this in? And just to clarify, when was the purchase made?Customer: Arizona. No purchase just a social club.JA: Has anything been filed or reported?Customer: Never. Never had receipts over $5,000.JA: Anything else you want the lawyer to know before I connect you?Customer: No
Five women started a nonprofit. One decided to up and quit,
Five women started a nonprofit. One decided to up and quit, she paid for our trademark. Looking to see what the next step needs to be to get her off of all the paperwork.JA: Can you tell me where the nonprofit is registered?Customer: TNJA: Has anything been officially filed? If so, what?Customer: Yes we have been in operation for 3 years now and this just happened in December. We are concerned because we have nothing in writing outside of a cease and dissist she wrote us to not use her name any more we are a memebership organization, ie sororityJA: Anything else you want the lawyer to know before I connect you?Customer: yes, our bylaws state that all five founders are to be members of the board of directors.
What is the difference in the legal meaning of the following
What is the difference in the legal meaning of the following two formulations, one of them to be included in the Agenda of the annual GA meeting for a nonprofit organization.1. The granting of discharge to the members of the Management Board in respect of their management during the past financial year.2. Discharge of the Management Board in respect of their management during the past financial year
We just found out that the corporate officer was changed
we just found out that the corporate officer was changed with the state secretary about 45 days ago. we are working to remedy the situation but this made me realize that we need to make sure that our corporate papers are in order so that the ownership is not in dispute. what needs to be done to ensure that we are the proper owners of the company. i filled out a template of corporate bylaws and agreements and issued stocks already but these seem all too easy to duplicate.
I want to form a close corp with 2 siblings. I live in NYS
I want to form a close corp with 2 siblings. I live in NYS which does not have close corp. Is it possible to create a close corp in NYS through the bylaws(ie, no set annual meeting, no board of directors, restrict who can purchase stock in company, have annual and other meetings by skype, inform each other by email instead of snail mail, etc) or do I simply form a close corp in a state that allows it and register the corp in NY?
Amendments. Bylaws of this corporation may be adopted,
Amendments. Bylaws of this corporation may be adopted, amended or repealed by the vote or written consent of either (i) the board of directors or (ii) the shareholders entitled to exercise a majority of the voting power of the corporation; provided, however:. . . (b) After the issuance of any shares in this corporation, a bylaw specifying or changing a fixed number of directors, or the maximum or minimum number, or changing from a fixed to a variable board or vice versa may not be adopted by the board of directors.”Does this mean that it may not be adopted or the change is prohibited? The board wants to increase the number of directors (by one) and will ask shareholders for approval through written consent. It is certain that the shareholders will approve unanimously.
I need you to provide me the links to the South Dakota
I need you to provide me the links to the South Dakota Corporate Laws pertaining to (include: Title . . .:1. Closure of a corporation due to Shareholder Collusion2. Forced Buyout of 20% equity of a SD Corporation3. Personal loans made to a corporation without a shareholder meeting