Business Lawyers for Clovis, California

For a small service business with no outside investors, the LLC form probably offers you more advantages than the corporation. (For example, LLCs offer greater flexibility, fewer corporate formalities, and pass-through taxation which is especially beneficial in the early stages of an LLC if you have other income sources.) The S-Corp election does not affect your choice of entity (LLC or corporation). Either kind of entity can make the S-Corp election, which just tells the IRS how you should be taxed. You can form an LLC at the beginning and make the S-Corp election for that LLC in the future, if and when it makes sense (you will still be an LLC then, but an S-Corp for tax purposes only). The S-Corp election only makes sense to do once your net profits reach a certain level. The purpose of the S-Corp election is to reduce your taxes. Filing the S-Corp election is not itself very expensive, but you will need to incur the costs of running payroll. (LLCs don't have to run payroll.)

Hello! My name is Dolan and I am sorry to hear about this situation. So this depends on a few things: 1. The bylaws generally are what govern. If the bylaws authorize this, then it's legal for the corporation's board members to do so. 2. This also depends on the type of shareholders. "Class A" shareholders typically are able to make decisions to amend the bylaws without lower (Class B or lower) shareholders having a say. For instance, Meta can change its bylaws without the consent of common shareholders. 3. Nevertheless, as a shareholder, you have the right to inspect the corporation's governing documents, financial records, and meeting minutes to understand the board's authority and intentions. You can request access to these documents under state law. 4. If the board is acting outside its authority or attempting to make changes that require shareholder approval, you may be able to challenge the amendments. This could involve raising objections at a shareholder meeting, contacting other shareholders to address the issue collectively, or pursuing legal action if necessary. We're happy to help any way we can!

The strike price is defined as the price that the employee can exercise his/her options at. For example, if the strike price is $1.00, at the point the 100s options have vested, the aggregate amount owed to exercise would be $100.00

Hello! My name is Dolan and thanks for choosing contractscounsel.com! It’s super frustrating when a publisher doesn’t meet their deadlines, especially when it messes with your reputation and finances. Whether you can end the agreement depends mostly on what’s in your contract. Check to see if it says anything about what happens if the publisher misses deadlines. If the deadlines were key to the deal and their delays are considered a major breach (something that defeats the purpose of the contract), you might have a solid case to terminate. Most contracts require you to give formal notice of the problem and allow time for the publisher to fix it (a “cure period”). If they still don’t deliver, you’re in a better position to end things. If it turns out they are continually failing, this is a breach of contract. A breach of contract simply means that one party was obligated to perform and they have either not performed or have said that they will not perform. (Restatement (Second) of Contracts.) This applies regardless of whether the agreement was written or done orally. Typically, the aggrieved party is entitled to be returned to the same position they were in before the breach. I hope this helps and let us know if you need to review. Dolan

Hello! My name is Dolan and thank you so much for coming to the site. So the contract itself is going to be the most important piece of protection. The law doesn't provide for specific protections for individuals or businesses entering into international agreements, but the contract itself, and its terms, are what you need to pay close attention to. If you are selling goods, then there are some rules that help clarify what AI said earlier. The first is the Contracts for the International Sale of Goods (called the CISG). The CISG applies automatically if both parties to the contract are located in countries that have adopted the treaty unless the parties specifically agree to opt out of it. It covers many aspects of a sales contract, such as the obligations of the buyer and seller, delivery of goods, payment, breach of contract, and remedies for non-performance. In other word, the CISG is kind of like a default set of rules for cross-border contracts unless you opt out of it, so knowing whether it helps or hurts your position is worth looking into. When it comes to intellectual property, be proactive. Just because you’ve got protections in the U.S. doesn’t mean they automatically apply abroad. Consider registering trademarks or patents in the country where your supplier is based to prevent them from using your intellectual property without permission. So what do I recommend you do? 1. Put in the contract what state is going to be the state for lawsuits (e.g. California); 2. Put it in writing! We can draft it up for you just let us know!