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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The SEC is on the Hunt for Sleepy Corporate Watchdogs
The SEC has opened a new front in the war on corporate irresponsibility by pursuing outside directors who fiddle while Rome burns. Directors of public companies are now vulnerable to SEC enforcement actions for breaching their responsibilities to ...
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The Securities Class Battlefield Circa 1998
Two years ago, the repeat players in the world of shareholder class action litigation -- plaintiffs' and defendants' lawyers, D&O carriers and their coverage counsel -- consulted fortune tellers (or worse, each other) to foresee how the Private ...
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The SPD: Does Yours Make the Grade?
The importance of an accurate, up-to-date and comprehensive summary plan description (SPD) cannot be emphasized enough. Not only do ERISA and the Department of Labor regulations require it, but it has generally been held that where there are ...
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The Split: Law Firm Compensation Structures
It should be the first piece of advice every articling student gets, printed in huge capital letters on the first page of the recruitment or orientation brochure: AT ALL COST AVOID CONTACT WITH PARTNERS DURING "THE SPLIT." The multiple meetings that ...
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The Veil of Tiers: Shareholder Lawsuits and Strategic Insurance Layers
Shareholder lawsuits are stressful for a number of reasons. They divert management attention from productive endeavors, cost millions to defend and present gargantuan damage exposures. Small wonder, then, that the first question asked by most ...
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The Year 2000 Information & Readiness Disclosure Act
In conjunction with the start of "National Y2K Action Week," President Clinton signed The Year 2000 Information & Readiness Disclosure Act ("Act") on October 19, 1998. The purpose of the Act is to encourage the free exchange and disclosure of ...
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The Year 2000 Problem: Paying the Programmers
Corporate Counsel Magazine (April 1997) As the Year 2000 grows closer, programmers who can rewrite software to fix the "Year 2000 problem" will be in great demand. Companies currently having a full staff at work addressing the issue are the ...
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These Settlements are the Beginning
(Reprinted from the Houston Business Journal, February 11-17, 2005) The WorldCom settlement was recently torpedoed by the investment bank defendants in the case. The Judge agreed with their argument that the proposed settlement improperly limited a ...
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Think Before You “Inc”
Whether you are just starting out on your own, purchasing a new property for development or an existing business, or simply reviewing your business plan, you should consider whether the form of your business is optimal for your circumstances. The ...
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Third Circuit Rules on “Control Share” Voting Disqualification Under PA Statute
The United States Court of Appeals for the Third Circuit recently ruled on the voting disqualification of "control shares" under the Pennsylvania Control Shares Acquisition Statute ("Statute"). Pursuant to the Statute, an acquirer who makes a ...
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