Blog: Business

According to legal scholars Arthur Pinto and Douglas Branson in Understanding Corporate Law, Special Litigation Committees (SLCs) serve as the primary mechanism for corporations to address shareholder derivative actions. When shareholders attempt to sue on behalf of a company, an SLC provides an independent, objective evaluation of whether pursuing litigation truly benefits the corporation. Creating …

A close corporation (often called a closely held or statutory close corporation) is a specialized corporate structure designed for small groups of entrepreneurs who want the liability protection of a traditional corporation combined with the operational flexibility of a partnership. Under the Georgia Business Corporation Code (O.C.G.A. § 14-2-901 et seq.), small business owners can …

Structure decides exposure. Georgia partnership types differ far less in how they operate than in who answers when a creditor or a claimant arrives. One fact surprises almost every new business owner. A general partnership can exist in Georgia without anyone filing a single document. Its liabilities attach whether or not the partners realized what …

Most hardworking Americans recognize this software giant’s name because it’s become widely known for its TurboTax software. Many of us have found it to be highly reliable, especially when we’re computing earnings and losses for our own businesses. Yet Intuit, first founded in 1983, continues to try and develop a host of new products and …

As noted in the article preceding this one which addresses general stock market terms whose first letters fall between the letters A – L, it can take a bit of time when you’re new to buying and trading corporate stocks to finally feel comfortable with all of the new terminology. However, once you start using …

Apart from the basic importance of always treating others in a professional manner since it reflects more positively on you and your company, it’s also wise for other reasons that we all often forget. For example, the person leaving your employee today could one day be running a large company you may be very eager …

Just about every individual taxpayer wants to believe that corporate America is willing to pay its fair share of annual taxes to the government. Unfortunately, “profits” still seem to be the major driving force of most companies. They often simply refer to their fiduciary duty to provide stockholders with a maximum return on their investment …

Many people who own a considerable amount of corporate stock claim that “insider trading” causes minimal damage. However, this type of illegal behavior often sets off a negative ripple effect that impacts all Americans since everyone’s finances are tangentially affected by the stock market. As most of us know, “insider trading” involves using confidential information …

Many large companies that employ numerous employees decide to establish themselves as traditional (or “C”) corporations. This reference to the letter “C” simply refers to Subchapter C of Chapter 1 of the Internal Revenue Code – that’s “where you find general tax rules affecting corporations and their shareholders.”                                                     Although running a corporation is a …

When someone talks about places like Wall Street and the Silicon Valley, we often never stop and wonder how they came into being. Yet like all highly developed areas, they didn’t just spring up fully ready for business. In the case of the Silicon Valley, the area was actually first covered by fruit orchards back …

The IRS naturally wants to keep accurate track of everything each person and business earns in America. One of the most efficient ways it can achieve this is to require most larger businesses to obtain what are frequently referred to as either TINs (taxpayer identification numbers) or EINs (employer identification numbers). Most Corporations, Partnerships and …

Stated simply, a statutory merger occurs when two corporations join together but only one of them continues to exist as a legal entity. While the steps to creating a statutory merger are not complicated, they must be precisely followed, in keeping with each specific state’s governing legislation.                 …