Posts Tagged ‘shareholder minutes’
Bad Corporate Practice Leads to Bad Result
I recently had a practice note published in the February 2019 eNews from the Business Law Section of the California Lawyers Association. What follows is the text that was submitted for publication. The Delaware Court of Chancery found that a stockholder consent signed without the stockholder having been provided the exhibits referred to in the consent…
Read MoreWhy Bother with Corporate Minutes?
The most common reason for a founder or entrepreneur to set up a corporation is to limit his or her exposure to the liabilities of the business. A corporation provides a shield against the debts of the business. In most cases, unless a shareholder personally guarantees the debt of the corporation, a shareholder will not…
Read MoreCorporate Compliance Center Notice – Good Idea or Rip-Off?
Every year, I receive a slew of mailings on behalf of my corporate clients from the (self-proclaimed) Corporate Compliance Center, which contains an “Annual Minutes Compliance Notice.” Bearing a slight resemblance to the annual statement of information that must be filed with the California Secretary of State, this notice could fool a less-than-careful reader into…
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