Colorado Mandatory Overtime Laws
Overtime law is defined at the federal level, but the state of Colorado provides additional overtime protections for employees working in the state. These rules are covered under Colorado Minimum Wage...
View ArticleClik here to view.
What Is an Affidavit and Indemnification Agreement?
Ever wonder what all that paperwork is when you rent a car? Chances are one of those papers is an indemnification agreement. This is basically a promise you will not sue the rental company. An...
View ArticleWhat Is Non Redeemable Preferred Stock?
Preferred stock shares offer more benefits than common stock shares. The most common benefits have to do with dividend payouts. When it comes to preferred stock redemption, there is enon-redeemable...
View ArticleClik here to view.
How to Draft a Nonprofit Corporation Resolution
A nonprofit board of directors has the responsibility to focus the direction of the organization toward its stated mission. Resolutions, or expressions of the will of the board on certain topics, helps...
View ArticleBusiness Collections Laws
Businesses often extend credit to wholesalers and customers. When the bill comes due, sometimes customers don't pay back the business. When this happens, businesses will either sell the debt to a third...
View ArticleClik here to view.
Types of Non Profit Corporations
Non-profit corporations avoid many of the hefty taxes levied by both federal and state governments in the United States. The Internal Revenue Service (IRS) allows certain types of companies to organize...
View ArticleClik here to view.
Definition of a Commercial Registered Agent
According to the Nolo website, a registered agent for service of process is the entity chosen by a corporation or limited liability company (LLC) to receive important tax and legal documents. The agent...
View ArticleHow to Merge a Company Name
When one company acquires, combines with or takes over another company, a merging of the two companies is worth consideration when you want to retain both companies' reputations, client bases and...
View ArticleClik here to view.
LLC Shareholders Agreement
Limited liability companies (LLC) generally do not have shareholders. Their contributors are called members, and the agreement between them is the membership, or operating, agreement. Those with...
View ArticleClik here to view.
Is a 501 C 3 Organization Exempt From the Sunshine Law?
Sunshine laws, also known as open records laws and the Freedom of Information Act (FOIA), are designed to ensure public access to government meetings, decisions and records. Organizations designated as...
View ArticleClik here to view.
Uses of Memoranda of Agreement
A memorandum of agreement (MOA), sometimes referred to as a memorandum of understanding (MOU) or pre-contract, identifies the scope of association and responsibilities of two or more parties entering...
View ArticleClik here to view.
How to Report Accounting Fraud
On Jul. 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The law was established to prevent another economic crisis such as the one that...
View ArticleClik here to view.
Nonprofit Corporation Law in Pennsylvania
Pennsylvania nonprofits must comply with a number of federal and state laws pertaining to charities and tax exemption. The regulations set down in the Pennsylvania Code were developed as a result of...
View ArticleClik here to view.
How to Start Charitable Research Foundations
Charitable research foundations typically begin as incorporated non-profit organizations with 501(c)(3) tax status, meaning they are entitled to significant federal and state tax exemptions. Several...
View ArticleClik here to view.
Michigan Laws on Maternity Leave
In Michigan, there are no specific state laws on the books regarding maternity leave for working women, though there are protections for pregnant woman and their jobs under Michigan's Elliott-Larsen...
View ArticleClik here to view.
Statutory Duties
A statutory duty, as defined by Business Dictionary.com, is the "obligation of a firm's directors or officers imposed by corporate legislation." These obligations include the disclosure of...
View ArticleClik here to view.
Cooperative Bylaws
Cooperatives are businesses that are democratic organizations run by their members for their benefit. Cooperatives requires special business arrangements that differ from regular corporations. Because...
View ArticleClik here to view.
The Differences Between the FDA and ICH GCP
While the Food and Drug Administration (FDA) and the International Conference on Harmonization (ICH) overlap in many ways, there are several key differences when it comes to good clinical practice....
View ArticleClik here to view.
Can My Job Sue Me for Not Paying Them Tuition Reimbursement?
Tuition reimbursement is a great employment perk. But if you take the reimbursement and you leave your job prematurely, your employer may have the option of suing you for repayment, but is likely to do...
View ArticleClik here to view.
Are Company Bylaws Public Record?
The law does not require privately owned corporations to file bylaws in the public record. Public outcry for transparency in business operations causes many corporations to publish company bylaws that...
View ArticleClik here to view.
Laws for Cell Phone Manufacturing
Laws for cell phone manufacturing extend in many different directions. A number of legal actions have passed to ensure continued product and user safety. According to Government Technology, a provider...
View ArticleClik here to view.
What is a Deeming Provision?
Legal documents contain all sorts of clauses -- written agreements and dispositions -- that are sometimes difficult to decipher. A deeming provision is a simple clause that exists for the singular...
View ArticleClik here to view.
S-Corporation Meeting Minutes Requirements
S-Corporation or "S-Corp" meeting minutes provide proof to the IRS and company shareholders that a business is functioning legitimately. The minutes serve as a history of the business. They are proof...
View ArticleClik here to view.
What Is a General Release?
In exchange for payment, an individual or company gives up its right to file a lawsuit against another such entity for all claims by signing a general release document. The document usually contains...
View ArticleClik here to view.
What Is the Meaning of a GMP Clean Room?
GMP stands for Good Manufacturing Practices. Good Manufacturing Practice guidelines have been developed by a variety or governmental and regulatory bodies for a variety of industries to ensure consumer...
View ArticleClik here to view.
How to Calculate Taxable Income for an S-Corp
A small business with no more than 100 shareholders can choose to be recognized as an S corporation. Businesses that elect S-corp status do so primarily for the tax benefit, which allows for the income...
View ArticleClik here to view.
How to Obtain a Septic Tank License From the Georgia Department of Health
According to Title 31, section 31-2-7 of the Georgia Health Code, all contractors and companies who install septic tanks must be certified. State law also requires all installers to file a $10,000 cash...
View ArticleClik here to view.
Can an LLC Buy Stock?
The limited liability structure provides small business owners with the same personal liability protection that corporate shareholders enjoy, but without the double taxation that impacts C...
View ArticleClik here to view.
Restrictions on Share Transfers
Unless there is a prior agreement between shareholders and a company in either a shareholders agreement or a rule in a company’s articles of association, shareholders in a company may transfer shares...
View ArticleClik here to view.
Non-Profit Non-Member Bylaws
Non-profit organizations pursue noncommercial goals, such as education, hunger and disaster relief and scientific research. Non-profits such as churches and trade organizations have members who may...
View ArticleW-8 BEN Instructions
The Internal Revenue Code requires foreign nationals or foreign corporations conducting business in the United States to report income derived from transactions based in the United States. Ordinarily,...
View ArticleWhat Are the Main Features of the Sarbanes-Oxley Act?
The Sarbanes-Oxley Act of 2002 came in the wake of several high-profile corporate accounting scandals, including those involving Enron, WorldCom and Tyco International. Confidence in publicly traded...
View ArticleClik here to view.
How to File Amendments to Articles of Incorporation in Texas
Texas corporations must follow a set of procedures in order to change their articles of incorporation. These procedures are dictated by a section of Texas law known as the business organization code....
View ArticleClik here to view.
How to Dissolve a Medical Practice
Dissolving a medical practice is a complex undertaking. Most medical practitioners would want to go their separate ways amicably, but working out the finer details of the dissolution can be...
View ArticleClik here to view.
Legal Rights of Minority Shareholders
Corporations are organized by individual state, and on issues concerning their governance corporations largely fall under their home state law. Fortunately, however, most states have adopted uniform...
View ArticleClik here to view.
How Can I Obtain the Bylaws of a Non-Profit Organization?
There are a number of methods for obtaining a copy of the bylaws of a nonprofit organization. The first method is to request and receive a copy directly from the organization or one of its officers or...
View ArticleClik here to view.
What Is a Restricted Subsidiary?
In a capital market such as the United States, businesses often purchase other companies to amass a large portfolio. These acquisitions are often financed by loans and indentures between the parent...
View ArticleClik here to view.
Which Plans Are Exempt from Filing an 11-K?
In modern times, there are a seemingly endless supply of forms, reports, and other information which a company or investment plan must provide to the Securities and Exchange Commission (SEC). The 11-K...
View ArticleClik here to view.
How to Keep Minutes for a Single Member LLC
To protect your individual assets from your business assets, one option is to incorporate your business making it a limited liability corporation (LLC). Most LLCs have a board of directors but if you...
View ArticleClik here to view.
What Happens if an LLC Fails to Follow Formalities Such as Keeping Minutes of...
The laws of the state in which the Limited Liability Company, or LLC, is chartered, together with its own internal agreements, determine the formalities required of it, as well as the consequences of...
View ArticleClik here to view.
Michigan Laws on a Nonprofit Organization's Board of Directors
Nonprofit organizations are companies created for a purpose other than generating profit. Like their for-profit counterparts, nonprofits are subject to the laws of the state where they are formed. In...
View ArticleClik here to view.
Liability of the Directors of a Nonprofit Corporation
The purpose of a board of directors in a nonprofit corporation is to oversee management of the company and take action when necessary to promote the organization's mission. Directors are subject to...
View ArticleClik here to view.
Can I Open a Subsidiary Under My S Corp in Florida?
Subchapter S corporations get special treatment under the Internal Revenue Code, allowing them to avoid the double-taxation common to traditional corporations. With an S corporation, the income and...
View ArticleAre You Required to File Nonprofit Bylaws with the State in California?
The process of creating a nonprofit corporation in California is similar to establishing a for-profit corporation. You must choose a name for the nonprofit, determine its charitable purpose, file...
View ArticleClik here to view.
Are Officers of a Corporation Protected From Lawsuits?
The corporate business structure is designed to shield shareholders, directors and officers from personal liability for the company's actions and debts. Officers are employees of the corporation and...
View ArticleAre You Personally Liable When You Close a Corporation?
In general, a corporation is a great way to limit your personal liability from your business creditors. Corporations are a separate legal entity, meaning that when someone sues the business, your...
View ArticleClik here to view.
How to Avoid Personal Liability if You're Shutting a Corporation
Properly dissolving a corporation to avoid future liability that may arise after you've shut down operations, is a multistep process governed by the laws of the state where you filed the corporation's...
View ArticleClik here to view.
What Types of Stock Can a Corporation Issue?
The ability to issue stock is what distinguishes a corporation from other business entities. Stock represents ownership in the company, which can allow the business to stay in existence long after the...
View ArticleClik here to view.
Can I Protect My Assets in a Corporation?
You can protect your personal assets from your business's liabilities by forming a corporation. Shareholders, which can consist of one person, a small group, or many people -- as is the case in large,...
View ArticleHow to Update Articles of Incorporation
Updating a company's articles of incorporation requires a board of directors vote, written corporate resolution and filing amendment forms with the state.
View Article
