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Richard Burt Professional Law Corporation
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Richard Burt Professional Law Corporation55 S Market St #1500
San Jose, CA 95113
Phone: (408) 286-7333 -
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Categories
- Alter Ego Liability
- Attorney-Client Matters
- Blue Sky Law
- Bulk Sale
- Business Disputes
- Buy-Sell Agreement
- Commercial Law
- Contract Drafting
- Corporate Law
- Covenant not to compete
- Directors and officers
- Entity Law
- Foreign LLC
- Indemnification
- Limited Liability Comanies (LLC's)
- Limited liability companies (LLC)
- Limited Liability Partnerships
- Limited Partnerships
- Mergers & Acquisitions
- Mergers and Acquisitions
- Minority Shareholders
- Non-competes
- Piercing the Corporate Veil
- Professional Corporations
- Purchase and Sale of a Business
- Qualifying to Do Business
- S corporations
- Securities Law
- Successor liability
- Suspended Entity
- Uncategorized

What is a Professional Corporation?
According to the law in California (the Moscone-Knox Professional Corporation Act), a professional corporation is a corporation that is engaged in rendering professional services. In this context, “professional services” are any type of professional services that may be lawfully rendered … Continue reading
Posted in Corporate Law, Directors and officers, Professional Corporations, S corporations
Tagged accountancy corporation, architectural corporation, chiropractic corporation, dental corporation, law corporation, medical corporation, moscone-knox, osteopathic corporation, psychology corporation, veterinary corporation
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Legislature Expands Shareholder Inspection Rights
The Corporations Committee of the Business Law Section of the California Lawyers Association today published an e-bulletin, which I authored. The text follows: The legislature amended Corporations Code § 1601, which grants shareholders the right to inspect and copy corporate … Continue reading
Posted in Corporate Law, Directors and officers, Minority Shareholders
Tagged books and records, shareholder inspection, stockholder inspection
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Business Law Attorney Richard Burt Helps Draft New Corporate Law
A corporation is typically dissolved when the shareholders holding shares that have 50% or more of the voting power elect to dissolve. When an order for relief has been entered under Chapter 7 of the U.S. Bankruptcy Code, the board … Continue reading
Posted in Corporate Law, Directors and officers
Tagged bankruptcy, dissolution, dissolving bankrupt corporation, liquidating trustee, plan administrator
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Officer Liable for Restitution of Corporation’s Gains in Violation of FTC Act
In Federal Trade Commission v. Commerce Planet, Inc. (9th Cir. March 3, 2016) 16 C.D.O.S. 2355, the Federal Trade Commission (FTC) sued Commerce Planet, Inc., and three of its top officers for violating § 5(a) of the FTC Act, which … Continue reading
Posted in Alter Ego Liability, Directors and officers, Piercing the Corporate Veil
Tagged personal liablity, violation of law
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Misleading Certificate of Status Solicitations
The California Secretary of State has issued warnings about misleading certificate of status solicitations. Directors and officers of corporations and managers and members of limited liability companies (LLCs) should be wary of such solicitations. As a public service, the text … Continue reading
Posted in Corporate Law, Directors and officers, Entity Law
Tagged certificate of status
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Breach of Fiduciary Duty by Corporate Insiders Requires Remedy, Even if Damages Unclear
When corporate insiders transferred to a new corporation corporate assets claimed to be worthless, the shareholders had a right to a remedy, even if the damages were unclear. In Meister v. Mensinger (2014) 230 Cal. App. 4th 381, Sesame Technologies, Inc., was … Continue reading
Posted in Directors and officers, Entity Law, Minority Shareholders
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Bylaw Indemnification and the Statute of Frauds
In a recent post on his blog, Keith Bishop asks the question, Are charter indemnification provisions contracts? Many companies include provisions in their articles and bylaws that mandate indemnification of directors and officers, and they often say that they are … Continue reading
Posted in Contract Drafting, Directors and officers, Indemnification, Limited liability companies (LLC)
Tagged by-law, by-laws, bylaw, bylaws, indemnity, statute of frauds
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Ex-CFO Allowed to Sue for Defamatory Innuendo in Press Release
In Hawran v. Hixson (2012), the court allowed a CFO who had resigned from a public company to sue the company and certain directors because the company’s press release implied that he had engaged in misconduct. Sequenom was a publicly … Continue reading
Posted in Corporate Law, Directors and officers, Securities Law
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