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 …
What is the Statute of Limitations for Premises Liability in Georgia?
Premises liability claims arise when a person who in injured on the property of another decides to sue the property owner or occupant in an attempt to secure compensation for their injuries. The level of care an owner or occupant must take depends on the legal category that the plaintiff falls into. The three categories …
Silicon Valley: The Past, Present, and Future
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 Three Main Stages of the Public Offering of Securities
Nearly every week major media stories unfold regarding new sales of various securities. However, most of us aren’t very familiar with how this process works. It’s important to gain a better understanding of this subject since many of will one day own some type of securities, regardless of whether they’re stocks, bonds, investment contracts or …
Pros and Cons of Forming a Limited Liability Company (LLC)
A chief concern of all entrepreneurs is finding a way to do business while still being able to protect their personal wealth against any potential lawsuits. This goal is perhaps second only to making high profits and taking full advantage of all legitimate tax shelters. Fortunately, many of today’s professionals believe they can achieve these …
The Personal Injury Lawsuit Process
Not every personal injury case involves trial. In fact, the majority of cases are able to come to an agreeable settlement outside of the courtroom and avoid the stress and cost of trial. Many injury victims are not familiar with the stages of a personal injury case, and therefore are intimidated by the process. An …
The IRS, Your Business, and Employee Identification
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 …
Federal Motor Carrier Safety Regulations
In 1999, the Motor Carrier Safety Improvement Act of 1999 established the Federal Motor Carrier Safety Administration (FMCSA) as part of the United States Department of Transportation. The FMCSA was established in order to improve safety in the trucking industry in order to try to prevent truck accidents and the resulting injuries or fatalities. In …
The Duty of Care Owed By a Corporate Board of Directors
Considering the vast sum of money involved with many corporate transactions, it’s imperative that all corporate officers and the board of directors abide by the proper standard of care. All of these individuals have a duty to interact with others in a reasonably prudent manner. Everyone who assumes one of these positions has a duty …
Why Runaway Trucks are Dangerous
Large commercial trucks weigh up to 80,000 pounds and are several times the size of other passenger vehicles on the roads and highways. As you can imagine, if a truck driver cannot stop or control a commercial truck, the truck can potentially take out any vehicles in its path and the resulting damage and injuries …
Why Lowboy Trucks are Dangerous
Many different kinds of commercial trucks travel America’s roads and highways every single day. Many motorists do not know how to differentiate the types of trucks and their respective dangers from one another. For instance, different types of cargo require different types of trailers. A truck carrying fuel or chemicals requires a trailer called a …
The Dangers of Inexperienced Truck Drivers
Because of the risks that come with driving a large commercial truck, drivers are required by law to pass certain tests and hold a valid commercial driver’s license (CDL) before ever getting behind the wheel. In order to initially receive a CDL, a driver must attend extensive training courses and undergo examinations to test truck …
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