Corporate Law Articles

Learn and discover the latest useful corporate law articles for practical information, DIY, and ideas from a network of leading business and corporate lawyers.

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What are the differences between incorporator and corporate promoter?

Incorporators focus on legal tasks like filing articles of incorporation, forming the corporation's legal structure. Corporate promoters, however, initiate the corporation's formation, handling stakeholder engagement and fundraising.

What Does Corporation Double Taxation Means?

Double taxation, most of the time, occurs in situations whereby a firm realizes some profit payable to shareholders as dividends. For the company, it first pays the taxes of its annual profits. Thus, after paying the dividends to shareholders, the company pays a second tax on its profits with the help of shareholders.

Are Bylaws Legally Binding?

Corporate bylaws are legally binding rules and regulations that govern the company, and corporate directors, officers, and shareholders must adhere to them.

What Are Corporate Bylaws?

Bylaws are internal documents belonging to a corporation that set forth the rules and regulations for how the business is run, governed, and operated.

What Is A Banking Resolution?

A banking resolution is a document showing the formal authorization by a company's board of directors or managing members to open a corporate bank account.

Types of Corporations

There are four general types of corporations: C Corporation, S Corporation. B Corporation, Close Corporation, and non-profit corporation.

Fiduciary Duty California

A principal who owes a beneficiary a fiduciary duty must use reasonable care, the duty of undivided loyalty, confidentiality, good faith, and the best interest of the beneficiary. A breach of fiduciary duty occurs when the person who owes the fiduciary fails to act in the beneficiary's best interest, such as not exercising reasonable care.

Usurping a Corporate Opportunity

When a corporate director or officer is present with a business opportunity related to or the same as the corporation's business, they cannot engage in that business opportunity for their personal benefit.

What does a general counsel do?

A general counsel is a company's chief legal officer who heads a company’s legal department and is the primary attorney and main source of legal advice.

What are the benefits of incorporating a business?

The benefits of a corporation include easy access to raising capital for a new business and personal liability protection. A primary advantage of a corporation is that it protects investors from the liabilities of a company.

What is a Shareholder Derivative Action?

A shareholder derivative action is a lawsuit brought by one or more shareholders on behalf of a corporation against the corporation's officer, director, or third parties who breached their duties to the company. The shareholder derivative actions allege that directors breached their fiduciary duties, either of care or of loyalty to the company.

What is corporate Governance?

Corporate governance is the system of rules, practices, structure, and processes used to direct, manage, and govern a company and its people. Nakase Wade's corporate governance lawyer assist businesses with communication with shareholders, corporate consultation, and guide corporate directors and officers in decision making processes.

S Corp vs C Corp vs LLC

One of the most significant differences between S Corp vs. C Corp is that the profit from the company is taxed at the corporate level, and the dividends to the shareholders are also taxed. For S Corp and LLC, the profits are not taxed at the corporate level, but the dividends to the shareholders are taxed.

Corporate Compliance for Healthcare Board of Directors

This article will discuss the roles of the Chief Compliance Officer and Corporate General Counsel in ensuring that the governing boards of health care organizations comply with corporate laws.

What is corporate compliance?

One of the most common mistakes entrepreneurs make is neglecting to include corporate compliance in the planning stages of a start-up.

Professional Corporation California

A professional corporation in California is a type of corporation for specific professions that offer a service regulated by a state regulatory board or a similar agency. The professional corporation can only provide services from a single profession.

11 Steps on How to Start a Corporation in California

To make forming your corporation easier, we have gathered together a list of the most important tasks you must accomplish over the next period.

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