LLCs can elect to be taxed as a corporation (C corp or S corp) LLCs are attractive because they balance liability protection with regulatory flexibility. Imagine you are starting an online store with a friend. You’re excited to sell wholesale jewelry but don’t want to risk your savings...
The Bylaws of the Surviving Corporation. The Parties shall take all actions necessary so that the bylaws of Merger Sub in effect immediately prior to the Effective Time (except as to the name of the S...
This simple question was the inspiration for creating an article describing the benefits of an S Corporation. That original article, which was about four pages long, quickly became a series of Knowledge Base articles on the WCG website. The articles touched on basic topics such as how to elect...
Form of Surviving Corporation Bylaws. Exhibit G-1...Form of Tax Representation Letter to be delivered by Parent and Merger Sub
Determining a reasonable shareholder salary and reasonable officer compensation is the murkiest part of running an S corporation. The biggest question we get is, “What the heck do I pay myself?”Before we get into that, let’s discuss why a reasonable S Corp wage needs to be just above ...
General Bylaws- Establishes the internal rules and procedures for the corporation’s governance, aligning with the operating agreement. Meeting Minutes- Records the discussions and decisions made during shareholder and board meetings, ensuring transparency and accountability. ...
The biggest risk of failure for your startup happens right at the start—not setting up a viable legal foundation. Here's how to get those legal ducks in a row.
A corporation's annual report is usually an illustrated, thick booklet. It is a professionally created document that often resembles a printed magazine. It is intended for shareholders and distributed directly to them before the annual shareholders' meeting, either by mail or email.1It is also...
To make sure your company name is available in Delaware, take advantage of our free corporation search. After the name has been selected, a Certificate of Amendment will have to be prepared; it must be signed by an authorized officer of the company. ...
aThis certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Articles of Incorporation, as amended, and the Bylaws of the Corporation, as amended (copies of which are on file at the office of the Transfer Agent), to all of which ...