Business Organization

The Business Organization section of FindLaw’s Corporate Counsel Center provides information on matters such as Joint Ventures, Liability for Acts of Dissolved Corporations, and more. Click on the articles below to learn about limited liability companies that give you the tax advantages of a partnership with the liability protection of a corporation. Or browse the section on how S corporations can provide significant tax advantages over C corporations in the right circumstances. Find more about these and other subjects under Corporate Governance.

Corporate Governance

Business Organization Articles

Joint Check Agreement Held Enforceable

The Appellate Division of the New Jersey Superior Court has ruled that a "joint check" agreement signed by a general contractor could form the basis for a lawsuit against the general contractor, after it issued a final payment directly to its ...
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Joint Venture Expansions: Know It All

"It means giving your credit card to a person--not a vending machine." --Mark Skapinker of Balisoft Technologies Inc. (formerly of Delrina fame) on how his new company will cash in on the burgeoning electronic commerce by having salespeople on-line ...
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Jones Apparel: Eliminating Board Discretion By Charter Provision

The General Corporation Law of the State of Delaware (the "General Corporation Law") empowers a corporation to create, define, limit or regulate, by charter provision, certain powers of its board of directors or stockholders so long as the charter ...
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Law Alert: Company Not Liable for Paying Benefits on Erroneous Statements

No matter how hard we try, mistakes occur. It is comforting, therefore, to learn that not all mistakes have fatal consequences. A recent case holds that plan administrators will not always be held liable for communication errors. In Fitch v. Chase ...
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Law Firm Restructuring: To Rule is Easy…

When a corporation restructures, the CEO works quickly and decisively, with the tactical precision of a battlefield general. Locations are closed. Pink slips are issued. Management is shuffled. Financing is secured. Business lines are rationalized ...
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Legal Hole in the Donut

Tim Horton's widow loses misappropriation of personality caseTim Horton was a National Hockey League all-star player who died in a tragic motor vehicle accident in 1974. In 1964, he and a partner, Ronald Joyce, established a donut franchise that to ...
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Liability for Persons Signing SEC Disclosure Documents

There is considerable debate over the extent to which corporate officers and directors can be held liable under § 10(b) of the Securities Exchange Act of 1934 (the Exchange Act) for signing materially false and misleading documents that are publicly ...
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Liberty Bonds: Rebuilding Lower Manhattan

When two hijacked aircraft crashed into the World Trade Center, the attack not only claimed approximately 2,800 lives, but also destroyed much of the commercial and residential infrastructure of downtown Manhattan. An estimated 13 million square ...
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Limited Liability Companies: The Inside Story

Family Partnerships have long been known as a safe harbor for shifting income and allocating wealth among family members without the consequences of gift and income tax, or loss of control issues. Now a new hybrid business entity, called a Limited ...
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Limited Liability Companies

Limited liability companies give you the tax advantages of a partnership with the liability protection of a corporation. A recent Internal Revenue Service regulation change has substantially liberalized the conditions under which limited liability ...
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