Corporations Legal Questions and Answers
What form is required to transfer a corporation and its assets to a son?
What form is required to transfer a corporation and its assets to a son? I need information and the forms to transfer a private, domestic corporation and its' assets to a son.
05/17/2009 | Category: Corporations | State: California | #16697Can a profit business use volunteer workers or family members, or must they be paid?
Can a profitable business have a volunteer worker? and if so, is there a form for the volunteer to fill out and sign?...Also, can a family member work for free without getting paid?
05/12/2009 | Category: Corporations | State: Florida | #16653What form is needed to show all owners of a C Corp for stock purposes?
We just opened a C Corp and we are 4 owners, but we need a letter that tells us what percent is owned by each person and addition to issue the stock.
05/05/2009 | Category: Corporations | State: California | #16591How can we take shares from a shareholder in our company for failure to pay taxes the shares?
I am a shareholder in a corporation in the State of Idaho. I own 10%, my husband owns 50% and another person owns 40%. We are considering taking away his shares because he failed to pay his taxes and now the company is responsible. How can we remove his 40% shares?
05/05/2009 | Category: Corporations | State: Idaho | #16581How many family members can be on the board of a corporation?
This is a church. The founder is the Pastor, it's been Inc since 1969. How many family members are allowed to sit on the Trustee Board?
05/04/2009 | Category: Corporations | State: ALL | #16540I need to dissolved my S Corp but have outstanding debt
I need to shut down my S Corp. There is only one other shareholder and he is in agreement. The company has around 300k in outstanding debt and we are no longer generating income. What is the best way to protect ourselves from litigation in regards to these debtors? Dissolve the Corp? Chapter 11? Chapter 7? Personal Chapter 7?
04/29/2009 | Category: Corporations | State: ALL | #16404Can a president of a corporation remove the treasurer if he is on the board and has equal stock?
Can the president of a corporation remove or fire the treasurer or secretary if all are on the board of directors and have equal amounts of stock?
04/29/2009 | Category: Corporations | State: ALL | #16375Could a parent company be bound to a contract because a subsidiary is?
If a wholly owned subsidiary signed an exclusive teaming agreement with another company, does this exclusivity also bind the parent company?
04/28/2009 | Category: Corporations | State: ALL | #16351How do I get out of the business that I am a partner in?
I am partners with another person in a corporation. I am the President. My partner wants to purchase another truck and expand the business and I do not wish to because we are losing money. I was told that all I had to do was to write a Letter of Resignation and that would make it to where I am no longer liable for any debts that the business may come into. My partner is going ...
04/28/2009 | Category: Corporations | State: ALL | #16307How do we protect the farm from lawsuits as a result against either my husband or myself?
We are wanting to protect a farm against lawsuits as a result against either my husband or me. We have businesses that are S-corps and would like to set things up that one child only would inherit the farm upon both or our deaths and not have to go through probate. So are we looking at an incorporation or trust or something else?
04/28/2009 | Category: Corporations | State: ALL | #16231