California Workers Compensation Law How does and employee
California Workers Compensation LawHow does and employee become exempt from workers compensation. Can they become an officer of the company, and or do they have to own a percentage of the company, what is that percentage? Is there any other ways that they are still w2.
A 60-employee family-owned California corporation has 10
A 60-employee family-owned California corporation has 10 directors (6 company officers and 4 outsiders). The president or chairman always invites department managers to attend board meetings to make various presentations. These non-directors, some of whom, but not all, are small shareholders, stay for the duration of the meetings and participate in board discussions. There is nothing in the corporation's bylaws that provides for such participation. Case law appears to indicate that the decision as to who can attend board meeting should be made by the board collectively, and not by any individual director. If this is so (please confirm) does the board need to have a resolution for each meeting, or is a blanket consent permitted giving directors the power to invite people as they please?What potential liability do the non-directors face in connection with their participation?
I purchased Private stock in a phone company a friend
I purchased Private stock in a phone company a friend started in 2005. I never got a corporate stock certificate from the company, only a stockholders agreement that says I will be given the stock certificate within 30 days, never happened. My friend and I had a falling out. I never heard anything about my investment since the initial investment in 2005., no reports, etc. I recently heard from a third party that the company disolved, but I was never notified or paid my share of ownership. I also found out that my friend used my 100k investment to pay his own salary against the boards permission. Is there anything I can do at this point to recover any of my investment? The company never went public.
If a Florida corporation CFO is known to have engaged in
If a Florida corporation CFO is known to have engaged in sexual harassment, which is known by the board, and no further action is taken- what is the liability for the board?JA: Since business law varies from place to place, can you tell me what state the corporation is registered in?Customer: FloridaJA: Has anything been officially filed? If so, what?Customer: NothingJA: Anything else you want the lawyer to know before I connect you?Customer: The CFO was also known to have passed inside information. Also, the Florida corporation is publicly traded.
My sister owns a company (LLC). In the operating agreement,
My sister owns a company (LLC). In the operating agreement, she is the only voting partner and 90% owner.Now, my sister and her partner decided to form a new corporation to replace the LLC. Her partner filed all of the paperwork and put everything in her name (supposedly a mistake). The agreed to form a stock purchase agreement where my sister will purchase 90% of the stock of the new corporation.The question is: with a corp, there is no operating agreement. How can the stock purchase agreement be structured in a way where my sister remains as the only voting stock holder and where no one can make any decision but her? As the majority owner, she has a lot to lose (her partner agrees) and needs to ensure that she is the only decision maker.Also, for the purchase price, my sister is not paying any money, instead she is moving her assets from the LLC to the corp. can those assets be valued and mentioned in the agreement?Thanks.
I have ownership in a corporation of 15% my partners no
I have ownership in a corporation of 15% my partners no longer will even call me. they take out $7k each out monthly and have done so for a few years just found out. they gave me $500 for the last 2 months can you refer me to a contract attorney in my area and what are my rights. the company made $100 last yearJA: What state are you in? It matters because laws vary by location.Customer: Washington stateJA: Has anything been filed or reported?Customer: I believe soJA: Anything else you want the lawyer to know before I connect you?Customer: I'm good