Corporations Legal Questions and Answers
When is a Foreign Crporation Rquired to Register in the State?
I live in PA but I registered a LLC in DE last year and a LLC in PA this year, both are domestic LLC of its own formation state. My question is what types of business activities would require me to register my LLC as a foreign LLC in other states. Specifically for the following scenarios: 1. If I borrow money from the DE LLC to purchase a property in PA? 2. If my DE LLC becom...
04/25/2011 | Category: Corporations » Foreign Corp... | State: Delaware | #24713How Does a Corporation Change Domicile to the British Virgin Islands?
Our company is providing incorporation services in various jurisdictions. We have a client who wants to move a Delaware company to British Virgin Islands (BVI). He was told that he needs a legal opinion that Delaware laws allow for such continuation. Specifically that he needs a legal opinion from a lawyer in the originating jurisdiction which confirms that the foreign company ...
08/05/2010 | Category: Corporations » Foreign Corp... | State: Delaware | #22830Do I Needto File Anything in My State if I Incorporate in Another State?
I am about to start my own technology consulting firm, and I am considering incorporating in Nevada instead of Calif. Do I have to file any add'l forms to do business in Calif, as that is where the work is right now.
03/15/2010 | Category: Corporations » Foreign Corp... | State: California | #21405Can the Same Person Be a Director and an Officer in a Nonprofit Corporation in California?
Our pastor has resigned. He also was the president and CEO of our california non-profit corporation for our church. Can the trustee board make amendments to it's bylaws without the signature of a CEO or President? Can the chairman of the trustee board sign the amendments. Is it legal for the chairman of the trustee board to be voted in as vice-president of the corporation and...
08/29/2011 | Category: Corporations » NonProfit Co... | State: California | #25422Can the Directors of a Nonprofit Corporation Also be the Directors of an Affiliate?
Is it legal for a non-profit corporation applying for 501(c)(3) status as a fundraising foundation to enter into an affiliation agreement with a for-profit entity, in which the directors of the for-profit and non-profit entities are the same?
04/20/2011 | Category: Corporations » NonProfit Co... | State: Utah | #24690What is the Personal Liability of Members of an Unincorporated Nonprofit Association in California?
We have a rural water system in northern California that is run now as an unofficial coop with 12 households. If we file for an EIN with the IRS and become an unincorporated non-profit, does that significantly change our collective or individual liability?
02/14/2011 | Category: Corporations » NonProfit Co... | State: California | #24222How Do I Qualify as a Nonprofit Corporation
I want to start a business that will sell goods and products obtained from a Christian orphanage and surrounding villages in Africa. The products will be mostly sold in the US. I want to donate approximately 25% of the profits back to the orphanage. I would keep the remaining 75% for my own livelihood and to sustain the company. The business will be operated from my home an...
12/28/2010 | Category: Corporations » NonProfit Co... | State: Arkansas | #23893How Can I Find Out How Donations Were Used By a Company?
This concerms financial reporting requirements for an Established Foundation that is registered in California and would be set up, say for example, suicide prevention whereby the foundations, for example, takes in $30,000 in donations during the first year of activity. My question is, 'How does an individual gain access to CA State and/or Federal documents required for account...
11/24/2010 | Category: Corporations » NonProfit Co... | State: California | #23702Can a Coprporation Use More Than One Name for Separate Business Activities?
We are forming a 501(c) to raise money to purchase food for the hungry...because there is not enough help here. We are calling ourselves 'The Food Cellar'. We will be working with also raising monies and grant seeking to buy mosquito nets for children in Africa to sleep under so they do not get bitten by malaria ridden mosquitoes, and also to dig water wells for people in Afr...
10/30/2010 | Category: Corporations » NonProfit Co... | State: Washington | #23519Can Property of a Non-Profit Be Leased to a For-Profit Business in Illinois?
Can the property owned by a nonprofit corporation be used by a for-profit firm to conduct its business?
10/26/2010 | Category: Corporations » NonProfit Co... | State: Illinois | #23492