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
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Representative Actions: Access to Justice?
Over the last six years the United States Congress, the U.S. Advisory Committee on the Civil Rules and the U.S. federal courts have tried to rein in some of the worst abuses of American class actions. In 1995, Congress passed the Private Securities ...
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Rethinking the Use of LLCs
In 1994, when California adopted the Beverly-Killea Limited Liability Company Act, organizing limited liability companies in California became a reality. Limited liability companies ("LLCs") gained immediate acceptance since they combined the ...
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Retirement Protection Act of 1994
Effective December 8, 1994, defined benefit plans adopted on or after that date must use an IRS prescribed mortality table and the interest rate on 30- year Treasury bonds in calculating the present value of a lump sum distribution. Plans in ...
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Risk Management of Financial Derivatives: Banking Director’s and Senior Managment’s Responsibilities
On July 18, 1994, the Chairman of the Senate Banking Committee introduced legislation which would require banks to limit their investment in financial derivatives to transactions designed to hedge their loans and other investments, with investments ...
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San Francisco’s New Domestic Partners Benefits Rule: Some Frequently Asked Questions
On June 1, 1997, San Francisco's Nondiscrimination in Benefits Ordinance will go into effect. The amendment to the Administrative Code prohibits the city and county from contracting with any company that does not provide the same employment benefits ...
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SEC Adopts Final Rules Regarding Nominating Committee Functions and Communications Between Security Holders and Boards of Directors
The SEC has adopted final rules that require disclosure in proxy statements regarding the operations of board nominating committees and the means, if any, by which security holders may communicate with members of the board of directors. The new ...
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SEC Adopts Final Rules Relating to Director Nomination Process and Shareholder Communications with Directors
The Securities and Exchange Commission (Commission) recently adopted final rules requiring expanded disclosure of companies' director nomination processes and specific disclosure of procedures by which shareholders may communicate with directors.1 ...
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SEC Adopts Final Rules Requiring Listing Standards for Audit Committee Independence and Powers
As required by Section 301 of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission adopted final rules on April 9, 2003 directing the national securities exchanges and associations (principally the NYSE, AMEX and Nasdaq) to ...
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SEC Adopts New Audit Committee Disclosure Rules
The Securities and Exchange Commission ("SEC") recently adopted new rules and amendments to its current rules governing audit committee disclosure. Specifically, the new rules and amendments require companies' independent auditors to review the ...
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SEC Adopts New Merger & Acquisition Rules
The Securities and Exchange Commission (the "SEC") recently enacted a series of final rules encompassing a new regulatory scheme for business combination transactions. The SEC stated that the enactment of these rules will (i) eliminate current ...
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