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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Sixth Circuit Establishes Narrow Scope Of Liability, For Parent Corporations
The United States Court of Appeals for the Sixth Circuit issued a divided en banc decision on May 13, 1997, that establishes a narrow scope of liability for parent corporations under the Comprehensive Environmental Response, Compensation, and ...
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Small Business and Job Protection Act
Effective for calendar years beginning with 1997, the requirement that pension plans must commence distributions to participants who remain actively employed has been eliminated. The general rule now is that pension distributions must begin no ...
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So You Want to Compete: Lessons From the Leading Accounting Firms
The expansion of major accounting firms into legal service areas has many attorneys worried. But rather than panic, wise lawyers realize they can learn from their accounting competitors. From Los Angeles and New York to London and points in between ...
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Sophisticated Estate Planning
It has been said that there is no greater gift that one spouse can give the other, or parents can give their children than a well drafted Living Trust. The writer endorses that statement wholeheartedly. If follows that the foundation of a ...
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SOX Appeal: Is The Delaware Judiciary Heightening Its Standards For Director Independence And Good Faith?
Over the past year, the Delaware Supreme Court and Court of Chancery have issued decisions that are, in certain respects, critical of the conduct of corporate directors. This summary of recent corporate developments helps lay the foundation to query ...
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State Asks Supreme Court to Review Decision on “Operator” Liability for Parent Companies
The state of Michigan has asked the United States Supreme Court to review a lower court's ruling that a parent company is liable for cleaning up contamination at a subsidiary company's property only if fraud or the need to prevent injustice warrants ...
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State Offices Administering Business Opportunity Disclosure Laws
Twenty-three states have business opportunity laws. Most of these laws prohibit sales of business opportunities unless the seller gives potential purchasers a pre-sale disclosure document that has first been filed with a designated state agency ...
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Statements before Joint Defense Agreement Reached Not Privileged
In affirming a conviction for obstruction of justice and perjury against the former Chief Financial Officer of Empire Blue Cross/Blue Shield, the United States Court of Appeals for the Second Circuit has held that, without an explicit joint defense ...
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Stockholder Agreements for Stockholders of Closely Held Corporations
When two or more individuals and/or entities organize a corporation and receive corporate stock in consideration for their capital contributions to the corporation, they should consider entering into an agreement (hereinafter a "Stockholder ...
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Strategic Alliances: Alternate Road to Success
The standard playbook for the technology entrepreneur says: develop the technology yourself, market the resulting product yourself and try to keep as much profits as possible for yourself. The only "outsiders" are investors who are needed solely for ...
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