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Recent Shareholder questions
I am trying to inspect the books and records of a
I am trying to inspect the books and records of a cooperative in which I am an owner. They in the past have allowed me to inspect all the shareholder meeting minutes and board of directors meeting minutes. They have refused to as I requested last month stating that the law firm has told them they do not have to do so. Please tell me the law in this matter and if they are estopped from asserting this as they have allowed it in the past. Furthermore the managing agent is making this statement to me regarding the law firm. Should I require that the board of directors clearly state this as the law firm is only for advisory. They, themselves have no authority unless it is vested in them from the BOD's.
S Corporation had three shareholders. One shareholder was
S Corporation had three shareholders. One shareholder was under investigation for some personal items by the police, not connection with any of the activities of the corporation. He fled the country. He is not to be found. What will happen to the corporation? Is the Corporation technically terminated? How will this situation be handled?
Dwayne, You have helped me before. I am the inventor of a
Hello Dwayne, You have helped me before. I am the inventor of a new disposable bread bag closing device. My question today is:My business is an LLC, which was formed in Minnesota, but I have relocated to Connecticut. I have read online about the options to move my LLC to a new state, but I am not sure which is best. My company is still in start up phase and I have not done any sales yet. Would it be better to dissolve my current LLC and establish a new one in CT? If I follow this route, would it be wise to consider establishing another type of entity? I have thought that an S-Corporation would be wise in order to avoid double taxation and also because I want my wife to have shares, and perhaps have other partners in the future.
I have a small business (S Corporation) with 2 other
I have a small business (S Corporation) with 2 other partners. What business insurance should I discuss with my insurance broker to protect ourselves with the absolute best insurance coverage from ever being sued. I want to get insurance coverage to best protect our business and us as shareholders from customers, employees,...anyone from suing us and not be covered by insurance.
What does the phrase 'black and' law mean regarding
what does the phrase 'black and white' law mean regarding contracts, leases, etc, and please explain 'business record exception to hearsay' as evidence?I have a case where secondary evidence of the existence of a lease, and or the contents thereto are being questioned. I have lost my argument in the lower court that the petitioner has not provided secondary evidence, and now I want to appeal.There are several elements I am considering for the appeal but one is the fact that they submitted two different form leases (unsigned by either party, and differing in various ways) stating that both are the lease(s) of the cooperative and that I am bound by both. Each is different, unsigned, and the people who submitted them as evidence argue that they never saw the alleged original lease, and each lease was submitted under the business record exception as a foundation for secondary evidence, even though the attorney for the other side states they do not have secondary evidence.i find it hard to understand how it would meet the threshold for secondary evidence using form leases that I do not even believe could be accepted as evidence under the business record exception as that the record could not be identified as being created at time I allegedly signed because neither was working for firm 27 years ago.
I am the former CEO of a nonprofit corporation. The
I am the former CEO of a nonprofit corporation. The corporation is involved in a lawsuit where I am personally named as a defendant as well in a separate docket number. Fast forwarding to post-trial and entering of the judgement, the board chairman somehow talked to a personal acquaintance of his that practices family law in a state different from the state where the aforementioned case was adjudicated.This lawyer told the board member that the case could be dismissed because she believed the notices had not been properly delivered, but she never talked to me, the person to whom the notices were actually delivered. Never mind that we were well past the deadline for appeal as stated in both states' rules of civil procedure, and never mind that this lawyer is not licensed in the state where the case was heard, and that this particular area of law is outside of her normal practice area.In short this lawyer was able to collect some fees by telling the board chair that she could do something that she knew she could not do, i.e., she preyed upon the board chair's desperation and naivete. She admitted to me that the only reason she took the case was that she was able to bill the corporation for a trip to the city where here grand kids are located, thus she used the corporation for pecuniary gain.Is this grounds for a complaint to the state bar ethics commission.
On a gh level, I understand the difference between an LLCView more business law questions
Dear Sir or Madam,On a high level, I understand the difference between an LLC and a C corporation or a full fledged corporation. However, if there is double taxation for corporations, why will any company form a corporation. Also if LLC is a simple structure and better of taxes, why is every company not an LLC. For example why large companies like AT&T, IBM, Facebook, Google, Amazon, etc. are not LLCs. Is there a difference when they go public or allocates shares before going public. I am being offered partnership in an LLC where all partners are US citizens.Ali