by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is the process for shareholders bringing a derivative action? A derivative action is a lawsuit against officers or directors brought by shareholders on behalf of the corporation. That is, the shareholders act as representative plaintiff for the corporation and...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are corporate vote proxies and how are they used? Shareholders may vote their shares through a written consent or by casting their vote at a shareholder meeting. Written consents avoid the need to call a meeting, but any matter voted upon must receive unanimous...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is shareholder activism and what is the significance of institutions as shareholders? Shareholder activism refers to the situation where large shareholders of a company exert influence or control over the actions of the directors or officers of the corporation....
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is control over a business entity? This questions concerns who has control over operations or authority to act on behalf of the business. Each business entity type has a default control structure and level of authority vested in individuals in those roles. In...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are the maintenance requirements for a business entity? Maintenance of a business entity is summarized as the administrative steps associated with starting and carrying on business as a given entity form. It entails the process of filing documents, holding...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
Self-Employment and Payroll Taxes Employers and employees who receive any form of compensation as part of their employment are generally subject to payroll taxes. Payroll taxes were authorized under the Federal Insurance Contribution Act (FICA) and are made up of...
