Entrepreneurs who wish to start a corporation that is strictly for profit may register either a C. Corp or an S. Corp. Should they choose not to register as a corporation they have the option to function as a partnership or...more
On January 23, 2013, the Pennsylvania Benefit Corporation Act (the Act) became effective. The Act authorizes a new type of for-profit business corporation known as a benefit corporation. Pennsylvania is now one of 12 states...more
Directors With Super Powers -
Sometimes investors would like to endow one or more directors with greater voting powers. This is possible with a Nevada corporation by virtue of NRS 78.330(3) which provides “ The articles...more
In This Issue:
- Raising Funds Without Raising Problems
- IRS Issues Clarification Regarding Contributions to Single-Member LLCs
- Appellate Decisions Impact NY Nonprofit Chapter Organizations
A new Pennsylvania Benefit Corporation Act (the “Act”) becomes effective on January 23, 2013. The Act authorizes a new type of corporation known as a Benefit Corporation. The Act is intended to provide entrepreneurs and...more
Originally published in Bar Briefs by the Louisville Bar Association on January 2, 2013.
Are you a civic-minded entrepreneur looking to turn a profit and make a social difference at the same time? Are you a consumer who...more
On December 1, a new benefit corporation statute went into effect in Massachusetts, making the state one of twelve that have enacted legislation allowing for the formation of this new form of corporate entity....more
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