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There are several forms of business structures, which all have positive and negative characteristics: Sole Proprietor: This is the simplest to set up, especially if you can use your own personal name as part of your business name. Otherwise, a “DBA” or “Business Name Registration” will be required, to legally show you are operating a […]

The doctrine of ultra vires is invoked to punish corporate acts that exceed the powers or stated purposes of the corporation. Most states validate corporate acts if they are directed toward making a profit and are not in direct violation of civil or criminal statutes.

When starting a new business, there are many important decisions to make and many rules and procedures that must be addressed. While there is no single source for all filing requirements, the following link to the California Business Portal web site will assist you in starting your business in California. Visit California Business Portal: http://www.ss.ca.gov/business/resources.htm […]

The board of directors authorizes the corporation to enter into contracts, purchase property, open bank accounts, borrow or loan money, and perform other important business actions. The board can delegate this authority to corporate officers, but it must do so in writing with a specific resolution.

A corporation is a legal entity that is created through state laws that is treated in the eyes of the law as an entity independent of the individuals who operate and own it. Much like an individual, a corporation is taxed at the federal level, paying taxes on income (profits). Also, profits in the form […]

Click Ask Our Lawyers above and your question will be answered within 24 hours online by our New York litigation attorneys-or other attorneys from your state. Think hard before you rush off to the court clerk’s office to file a lawsuit. The idea of victory may tempt you, but as you probably know, lawsuits can […]