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13 Aug 2013, 5:00 pm
This is because whomever is selected as the representative bonds the corporate entity with whatever their answers are. [read post]
13 Aug 2013, 5:00 pm
This is because whomever is selected as the representative bonds the corporate entity with whatever their answers are. [read post]
15 Jun 2011, 5:08 am
But where state LLC laws are silent, courts should carefully consider the legislative context and history, as well as the policy implications of the possible answers to the questions presented. [read post]
20 Apr 2007, 6:22 pm
Answers to Wed's pop quiz below the fold1. [read post]
20 Aug 2010, 9:42 am
To answer these questions, courts look at numerous factors including: whether the shareholders/owners acted in bad faith; whether individual contracts were entered into with the intent of avoiding performance and hiding behind a corporate shield; whether assets have been diverted to the detriment of creditors; whether there is ownership and control of the entity by a few key individuals; whether the shareholders/owners and the corporation share the same office or… [read post]
28 Jul 2011, 8:33 pm
In this post, excerpting my answer to the other lawyer, I explain why this is a bad idea. [read post]
25 Sep 2012, 11:58 am
QBE Insurance Corporation (No. 08-10009), based upon THIS opinion from the Florida Supreme Court answering certified questions, the Eleventh Circuit released a published opinion holding:Accordingly, based on the Florida Supreme Court’s answers to our certified questions, attached hereto as an appendix, we affirm in part and reverse in part the district court’s judgment. [read post]
13 Sep 2011, 10:37 am
The short answer is that it cannot be done. [read post]
6 Apr 2022, 12:15 am
The answer depends upon the type of nonprofit corporation in which the membership is held. [read post]
12 Oct 2022, 6:31 am
Answers to these questions are also timely as the Tax Cuts and Jobs Act (TCJA) has accelerated the decline in effective corporate tax rates in the US and placed additional downward pressure on corporate tax rates worldwide. [read post]
18 Mar 2024, 9:05 pm
The short answer is because their stakeholders do. [read post]
21 Jun 2021, 4:36 am
The latter emanated from a pre-answer decision dismissing a petition for LLC dissolution. [read post]
21 Jun 2021, 4:36 am
The latter emanated from a pre-answer decision dismissing a petition for LLC dissolution. [read post]
12 Sep 2018, 3:30 am
The question is hard to answer, for both theoretical and empirical reasons. [read post]
12 Feb 2013, 7:54 am
District Judge, BP, and the Department of Justice recently illustrated a fascinating aspect of our criminal justice system: if you want to plead guilty to eleven felony counts, two misdemeanors, and an obstruction charge and avoid facing any time in prison, the answer is to simply be a corporate entity. [read post]
28 Jul 2010, 6:32 am
For corporations to yield these benefits, it is necessary that they have legal standing, that they be able to own assets, that they have capacity to enter contracts, that they be permitted to bring suit and to answer for the acts of their agents. [read post]
6 May 2013, 5:54 am
The Nonstock Corporation Act, §§13.1-801 et seq. has some important provisions which are worth a second look, including: 13.1-825 General Powers and purposes of the Nonstock Association 13.1-827 Emergency Powers 13.1-847 Proxies 13.1-870 Standards of Conduct for Directors 13.1-871 Conflicts of Interest Lots of other important topics, like voting… [read post]
26 Jan 2014, 12:21 pm
Short Answer: No Short Highlights This Delaware Supreme Court decision affirmed several basic principles that have been long established in Delaware. [read post]
30 Jun 2012, 2:39 pm
However, this power is not absolute as they have to answer to the shareholders for any important changes. [read post]
8 Jun 2017, 7:53 pm
The short answer is no. [read post]
