Shareholders are entitled to certain rights as investors in a corporation. One of those rights the right to access information via certain books and records in a corporation. However, in Florida, there are specific procedures that are needed to be followed in order to access the information sought. The procedures and score of what can...
Trembly Law
When incorporating, there are many important decisions to be made. Chief among them is deciding which state to incorporate in. Because most corporate law is decided by state statute, deciding what state to incorporate in will determine the majority of the laws your corporation must follow. There are a number of factors that a corporation...
There are many decisions to be made when incorporating. Chief among them is what state to incorporate in. While there are many considerations that go into deciding which state to incorporate in, there is a very interesting debate to be made as to which state is best for corporations. This debate centers around one question:...
Depending on the state in which you organize your partnership, different laws will apply. With that goes the natural conclusion that there will be different results and different implications when running your partnership. All states follow either the Uniform Partnership Act (“UPA”) or Revised Uniform Partnership Act (“RUPA”). Florida, for example, follows the Revised Uniform...
Hiring employees is an investment. While they are needed to ensure all the needs of a company are met, great investments are made in training those employees and entrusting them with certain information–information that could be destructive to a company if it is shared outside of the company. That is why many companies turn to...
When it comes to legal counsel, there is no one-size-fits-all package for your legal needs. For some, the best option is to retain legal counsel on an as-needed basis. For some larger corporations, it may be best to hire in-house counsel. And in between, there is no definitive package as to what works best. For...
One of the most utilized tools in a partnership, company, or corporation is the agent. An agent, often with some expertise in a specific field, can help best utilize a company’s resources by acting on behalf of the corporation. However, an agent can cause just as much liability on behalf of the company, or its...
When directors make decisions in their official capacity, they are given very deferential treatment so long as the decisions are made by someone who is not interested in the subject, is well-informed, and rationally believes the business judgment is in the best interest of the corporation. Courts have spent a great deal of time enunciating...