BLOGS

January 15, 2020

A corporation formed in New York can sue or be sued in a litigation in New York. N.Y. Business Corp. Law § 202.

Of course, many corporations are formed in other states other than New York.  In New York parlance, such corporations are “foreign corporations.”

A foreign cor...

January 9, 2020

Where there are an even number of directors or managing members of an entity, there is the potential that an action requiring a majority vote will be met with an even split – half of the directors or managing members will vote “yes,” and the other half will vote “no.”...

December 12, 2019

In New York and generally, directors’ votes are counted on a per person basis. 

It bears noting that in Delaware, if the corporation wants to count directors’ votes on a basis other than per person, provisions in that regard must be included in the certificate of incorp...

December 10, 2019

Shareholders votes, within a class of shares, are counted based on the number of shares they have.  Shareholders may vote in person or by proxy.  N.Y. Business Corp. Law § 609.

In order to conduct a shareholder vote there must be quorum of shareholders at a duly ca...

November 19, 2019

A corporate veil insulates the personal assets of shareholders of a corporation (or members of a limited liability company) from the assets of the corporation, thereby protecting such assets from claims against the corporation. Without this shield, if a corporation has...

November 10, 2019

Thank you to all of our panelists and attendees for making this joint CLE/CPE presentation on valuation a great success. And thank you to the Westchester Women's Bar Association and the New York State Society of CPS's, Westchester Chapter for supporting this event.

October 31, 2019

Which of the following corporate actions do you think requires board of directors' authorization:

  • firing the CEO,

  • laying off workforce,

  • adopting a new handbook,

  • adjusting a corporate officer’s compensation?

Best corporate practices would say, all of...

Please reload

Featured Posts

Pushing through COVID: How Four Leading Rockland Businesses Have Endured Through the Crisis

June 11, 2020

1/5
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags