Action of Director(s) to Dissolve and Liquidate. Action of Shareholder(s) to consent to Dissolution and Liquidation. Plan of Dissolution, Winding Up and Liquidation approved by…
What Is It? A sole proprietorship is a form for conducting business by a single person as an owner. The owner is often referred to…
What is a Corporation? A corporation is a business organization which is chartered by a state (known as the state of incorporation) in accordance with…
What is a Limited Liability Company? A Limited Liability Company (“LLC”) is an entity which is taxed like a partnership but affords its owners, known…
What is a Limited Liability Partnership? A Limited Liability Partnership (“LLP”) is a partnership in which the partners are not personally liable for the debts…
What is a Partnership? A partnership is a business entity formed by two or more people who operate a business for profit as co-owners. For…
What is the Sarbanes-Oxley Act? The Sarbanes-Oxley Act of 2002, also known as “SOA” or “SOX” is a congressional act with established a series of…
What is a Professional Corporation? A professional corporation (“P.C.”) is a business entity formed under special state statutes which allow people that would otherwise not…
A Not-For-Profit Corporation Is Not Automatically a Tax Exempt Organization. There is often confusion between a not-for-profit corporation and a tax exempt organization. They are…
In certain situations, shareholders may find it advantageous to enter into agreements with other shareholders regarding how the company should be run or who will…