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28 Jan 2014, 12:00 am by My name
The principles lay out three “pillars”: (1)the state’s duty to protect human rights, (2)the corporate responsibility to respect human rights and (3)the need for available remedies for victims of corporate abuses. [1] But can companies live up to these standards? [read post]
20 Apr 2015, 9:17 am by Philip J. Berenz
  Among the factors courts look to are:   (1) inadequate capitalization; (2) failure to issue stock; (3) failure to observe corporate formalities; (4) nonpayment of dividends; (5) insolvency of the debtor corporation; (6) non-functioning of the other officers or directors; (7) absence of corporate records; (8) comingling of funds); (9) diversion of assets from the corporation by or to a stockholder or other person or entity to… [read post]
11 Jan 2014, 8:19 pm by Sabrina I. Pacifici
On August 1, 2013, amendments to the Delaware General Corporation Law became effective, allowing entities to incorporate as a public benefit corporation, a new hybrid corporate form that requires managers to balance shareholders’ financial interests with the besat interests of stakeholders materially affected by the corporation’s conduct, and produce a public benefit. [read post]
Corporate Transparency Act Beneficial Ownership Reporting Requirements to Take Effect In 2021, the Corporate Transparency Act (“CTA”) was enacted as part of the Anti-Money Laundering Act of 2020, requiring certain business entities (“Reporting Companies”) to report beneficial ownership information (“BOI”) to the U.S. [read post]
21 Jan 2020, 7:59 am by Kevin Kaufman
State Capital Stock Tax Rates, As of January 1, 2020 (a) Taxpayer pays the greater of corporate income tax or capital stock tax liability. [read post]
8 Nov 2023, 4:00 am by John Orrick, Esq.
Final regulations under the Corporate Transparency Act were issued on September 30, 2022, which provide for the implementation of the Act commencing January 1, 2024. [read post]
22 Mar 2012, 9:04 pm by info@arclg.com (ARC Law Group)
  The directors of a benefit corporation must consider the impact of their actions upon: 1. [read post]
11 Oct 2022, 10:54 am by jeffreynewmanadmin
Who A corporation, limited liability company (LLC), or any entity created by the filing of a document with a secretary of state or any similar office under the law of a state or Indian tribe. [read post]
29 Apr 2010, 1:49 pm by Francis G.X. Pileggi
This blog post provides selected excerpts and bullet points from a Delaware State Bar Association-sponsored seminar held today at the Hotel duPont entitled: Recent Developments in Delaware Corporate and Alternative Entity Law. [read post]
4 Feb 2016, 4:12 am by Green and Associates
 CIAs have many common elements, but each one addresses the specific facts at issue and often attempts to accommodate and recognize many of the elements of preexisting voluntary compliance programs.A comprehensive CIA typically lasts 5 years and includes requirements to: 1. [read post]
27 Sep 2023, 7:34 am by Matthew Dochnal
Businesses entities operating in the United States need to prepare for new compliance requirements taking effect on January 1, 2024. [read post]
  A controlled foreign corporation is a foreign corporation (some entities may be a corporation for U.S. tax purposes even if called something else) where U.S. persons who own more than 10% also collectively own more than 50% of the entity (but note that the repatriation tax applies to any domestic corporation that owns a foreign entity). [read post]
3 May 2012, 6:24 pm by Matthew McKinney
The court continued its analysis, explaining that the corporate form may be disregarded if one of six different factors is established: [M]ere identity of … ownership and corporate management is not alone sufficient to permit a piercing of the corporate veil … An abuse of the corporate privilege may justify piercing the corporate veil as to persons who actively participate in the conduct of corporate affairs and have provided… [read post]
18 Mar 2020, 5:00 pm by A. Robert Quirk, Muhammad U. Faridi
[iii]  The Acacia case was brought in 2018 by Acacia against the West End Entities, DCD, the AION Entities, as well as DCD directors Siraj Dadabhoy, Shabir Randeree, and Michael Betancourt (collectively, the “Individual Defendants”), alleging (1) actual fraudulent conveyance against the AION Entities and the Individual Defendants, (2) constructive fraudulent conveyance against the AION Entities and the Individual Defendants, (3)… [read post]
16 Jan 2011, 9:48 pm by Paul Caron
Saturday: NY Times: A Pyrrhic Same-Sex Tax Victory CTJ: Tax Justice Digest Tax-Exempt Status of Microfinance Hybrid Entities The Mind/Body Dualism of § 104(a)(2) Sunday: Top 5 Tax Paper Downloads Penn Law Prof Reuses Exam Questions From His Georgetown Days Illinois Corporate Tax Hike Inches U.S. [read post]