Corporate Law Articles

RACI Matrix

The RACI matrix is a crucial tool for HR professionals to delineate roles and enhance project management by clarifying responsibilities and communication. Implementing a RACI chart streamlines processes and boosts efficiency in complex projects.

Combined Assurance

Combined assurance enhances internal auditing by fostering collaboration across departments, improving efficiency, and reducing overlap. It boosts risk mitigation and confidence in governance, crucial for organizational success.

How To Start LLC

Navigate the process of creating an LLC in California, from naming your entity to fulfilling state tax obligations. Highlighting key steps including selecting a registered agent and drafting an operating agreement.

What is an S Corporation

Explore the benefits and considerations of electing S corporation status for your business, focusing on tax advantages and eligibility criteria. Determine if an S Corp is the right choice for you with insights on structure and taxation.

Sole Proprietor vs S Corp

Compare Sole Proprietorship and S Corp to find the best fit for your small business. Understand the advantages and challenges of each to make an informed decision.

What is recruiting? Definition, process, and types

Explore the intricate world of recruiting, from sourcing to hiring, and learn about its vital role in aligning candidates with a company's culture and needs. Understand the process, types, and the significance of recruiting in building a successful team.

What are your values? – Deciding what’s important in life

Discover the importance of identifying personal values to make informed decisions and lead a fulfilling life. Learn how aligning actions with core values can enhance happiness and satisfaction.

Letter of recommendation template sample [Ready to use]

Utilize our ready-to-use recommendation letter template to endorse a former team member or student effectively. Tailor the template to highlight the individual's achievements and fit with potential opportunities.

How to hold a shareholders meeting: Shareholders Meeting Procedure

This article discusses how to prepare for a shareholders meeting, how to conduct a shareholders meeting, and agenda for the shareholders meeting.

How to Start a Corporation

How to form a corporation in 12 steps. This guide simplifies the process of starting a corporation in California, highlighting the benefits such as legal protection and tax savings for business owners. It covers key steps like selecting a business name, filing legal documents, and appointing directors.

How to transfer LLC ownership?

Two common ways to transfer LLC ownership are to conduct a partial sale to a third party or sell your entire LLC to a third party.

Why Do Companies Incorporate in Delaware?

The State of Delaware offers companies lenient tax benefits and liability protection. Also, companies that incorporate in Delaware do not have to do business in the state.

Inc vs. LLC

Incs. is short for incorporated, and LLC is short for Limited Liability Company. For Inc., where the owner elected to be an S corporation, the profit and loss are passed to its shareholders, whereas income and loss in an LLC flow through to the members.

What is an LLC and how does it work

An LLC is a business entity that protects the owners with limited liability protection. An LLC also offers pass-through taxation, which means the company’s profits and losses pass through to the owner’s personal tax level.

What Is a Disregarded Entity?

A “disregarded entity” refers to an entity with one owner and not organized as an entity such as a corporation, LLC, or partnership. For federal tax purposes, the disregarded entity and the owner, who is a natural person, are not treated separate.

Breach of Fiduciary Duty in California

A breach of fiduciary duty in California occurs when an entity or person in a trustee position fails to act in the beneficiary's best interest.

5 Easy Steps: How to Dissolve a Corporation in California

When a business owner wishes to close, or dissolve, their business, he or she must file a certificate of dissolution with the Secretary of State. This certificate of dissolution lets the Secretary of State know that the business owner is terminating his or her California corporation, effectively closing it for good. Dissolution is a process that involves a number of steps.

15 Steps: Starting an Inc in California

For the business owner, there are many benefits to creating a corporation in California. Assuming it is properly run, a corporation has the ability to shield its shareholders from debts and liabilities on the business side of matters.

11 Steps on How to Start a Corporation

A corporation is a separate legal entity which can protect its owners from business liabilities and risks. There are many benefits to starting a corporation. A business owner can save money on taxes, protect his or her own assets, attract the interest of investors, or simply enhance one’s credibility among consumers and vendors.

5 Benefits: What Does it Mean to Incorporate a Business

For background, in order to incorporate a business, a founder must file paperwork with the state in which their business is located. There can either be a single shareholder or multiple involved in the incorporation process. Importantly, an incorporated business is legally a separate entity from its shareholders.