How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds

Ask a Business Lawyer

Law Pro
Law Pro, Attorney
Category: General
Satisfied Customers: 1767
Experience:  20 years experience in business law - sole proprietor, partnership, and corporations
11688690
Type Your Business Law Question Here...
characters left:
3 Business Lawyers are Online Now

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Merger Laws

What is a Merger?

Merger is when two or more companies combine to become one. Normally, this is done by offering the stockholders of one company securities in the acquiring company in exchange for giving up stock in the original company. Often times all of the companies that are involved will sign a merger agreement. When signing merger agreements, there are often questions that one may not know the answers to. Read below where Experts have taken the time to clarify many queries regarding merger agreements and the legal implications that can follow.

Can two banks continue with a merger agreement when there are outstanding criminal court cases dealing with a customer phishing?

Phishing is when a person attempts to get information such as someone’s username, password and credit card information by being hidden as a trustworthy person in an electronic communication system. The criminal charges could still be followed, the prosecutor will need to meet the proof of “beyond a reasonable doubt”, and then show the evidence of the customer phishing. All accusation of phishing the banks can still precede in future merger.

If someone is preparing for a merger for three other companies how would someone go about doing this since the three companies will become owned subsidiaries of a new company?

These things are not a simple process. Basically each company will need to make certain representation about their business. In the agreement it would need to state how much stock of each new company shareholders will receive as being part of the merger. This would also suggest the arrangements that are involving the employment of the officers that are as well merging companies. Many people that are dealing with the same situation often hire an attorney to walk them through this process; others often look for legal answers from Experts.

In the state of Delaware what percent from the shareholder is required in order to sell a corporate company?

In many cases the stockholder needs approval for a merger in the state of Delaware for a corporation will be the greater part of all shares, any other approval that is required by the protective provisions in the Certificate of Incorporation and approval that is requested by the acquirer in the merger. Acquirers normally ask for a high percent such is either 90% or 95%, this is not abnormal when selling a private company especially if there are no stockholders.

Can someone combine two employment identification numbers by merging the two companies?

In this case the merged companies retain one employer identification number. A form will need to be filed with the IRS showing the merged companies and the retained employer identification number that will continue to be used and the number being discarded.

When dealing with a merger agreement or other merger doctrine problems many questions can arise. These merger questions can range from either a business merger to merger laws. Often times merger issues can create many problems. When dealing with merger issues do not hesitate to contact an Expert to help simplify the merger process.

Ask a Business Lawyer

Law Pro
Law Pro, Attorney
Category: General
Satisfied Customers: 1767
Experience:  20 years experience in business law - sole proprietor, partnership, and corporations
11688690
Type Your Business Law Question Here...
characters left:
3 Business Lawyers are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Business Lawyers are online & ready to help you now

Law Pro
Attorney
Satisfied Customers: 1767
20 years experience in business law - sole proprietor, partnership, and corporations
Dimitry K., Esq.
Attorney
Satisfied Customers: 1495
Run my own successful business/contract law practice.
MShore Law
Attorney
Satisfied Customers: 1233
Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

Recent Merger Questions

  • A local bank has acquired a chiropractic business with all

    A local bank has acquired a chiropractic business with all assets and accounts receivables. They want me to take over the lease of the building and sell me all the assets including the accounts recieveables. With the assets comes a chiropractic management software with patient files. The bank believes that I can take ownership and solicit these former patients for future care. Are there certain legal pitfalls in obtaining this practice. The former owner walked away and forfeited the practice to the bank and I have been told he will not be practicing locally in the future.
    Thanks for any help
  • I own a Texas Corporation I have one other shareholder (12.5%)

    I own a Texas Corporation I have one other shareholder (12.5%) besides me. Who says they are about to put their shares in a Trust for their 3 children. They are not interested in a buy out. I plan on selling this company in the next few years and am somewhat worried that I might not be able to get 100% shareholder approval on a sale (fair market value). There is no shareholder agreement, and I can't find any provision in the articles of incorporation that would force shareholders to sell. Should I try and get shareholder to sign a shareholder agreement before transferring their shares, or should I just leave well enough alone, and if for some reason I can't get 100% shareholder approval on a sale of the company, try and do some sort of squeeze out merger, or reverse stock split.?
  • Hi, I am a Screenwriter, seeking an Entertainment expert

    Hi,
    I am a Screenwriter, seeking an Entertainment expert who has experience with Work For Hire contracts, IP, Copyright and drafting contracts.
    I am going to be hiring a Ghostwriter to finish script due to time restraints. Can you please revised any aforned clauses below? Is it a strong contract in my favor?
    I have negotiated contract with "Contractee". Here's what I have:
    By this memorandum of understanding agreement, both the parties described herein as Lisa Rose Weiss hereafter referred to as “Contractor” and Andrew M. Henderson, hereafter referred to as “Contractee,” do hereby agree to all the terms and agreements, described and given below regarding presently entitled script (subject to change) “Acquatica”, owned and Copyright issued to Lisa Rose Weiss, the “Contractor”.
    1. COMPENSATION - Contractor agrees to pay Contractee $8,000 for completion of ghost writing script. Compensation includes commencement, completion of final draft, and one polished of final draft. Any further/additional rewrites are to be negotiated in good faith if such a point arises. Compensation will be paid in three interval parts as outlined described below. Payment shall be made either via check or PayPal. And the first interval of payment shall be made within 5 business days of receiving the intellectual property of the contractor.
    A. $1,000 to start commencement of writing.
    B. $3,000 upon turning in of final draft.
    C. $4,000 upon turning in of polish.
    2. RIGHTS - All written intellectual property rights to the script, including credits, such as “Written By” and “Story By”, shall remain with the Contractor. Contractor has and shall retain full creative control of the script and has including, but not limited to the option to make any creative changes they deemed necessary, including hiring of a new writer at any future point in time. Writer/Contractor may also shop script to whomever they’d like at any point in time. Contractee, upon receipt of payment, shall hold no rights nor Copyright to the Script. Contractee's work under this agreement is expressly agreed to be a "work made for hire," under the U.S. Copyright Act (17 U.S.C. 101).
    4. TIME - Contractor endeavors to complete script in a timely manner -- not to exceed a period of three months for the initial draft, and another month for the polish/final draft.
    5. Non-Disclosure - Contractee will not divulge relevant information regarding plot/character/story elements pertaining to the Script, unless instructed to do so by
    Contractor. All elements of said Script will be viewed as Trademark Secrets and treated.
    6. Production of Script - Contractee will do his best to guide Contractor in finding a
    buyer for Script, including helping to craft a Query Letter and pinpointing of Producers who might be interested in Script. However, Contractor realizes that selling a Script is an arduous endeavor, and accordingly, Contractee will not be held responsible nor liable if Contractor is unable to find a buyer for the Script.
    7. All of the aforementioned clauses shall be upheld by the State of California and Massachusetts.
< Last | Next >
View More Business Law Questions