How it Works
Jessica M. Merlet
- Automatic Renewal Clause Business to Business California
- Anticipatory Breach: Everything You Need to Know
- Release of Liability
- Can I have 2 Business Bank Accounts?
- ToS Agreement: Everything You Need to Know
- Convertible Note Purchase Agreement
- Benefits of Being a Limited Company Over Partnership
- Corporate Resolution
- How Does a Corporation Grow: Everything You Need to Know
- Cancellation of Share Certificate Procedure
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How to Start a Nonprofit Organization
- 3 min read
How to Start a Nonprofit Organization
Learn how to start a nonprofit organization by first understanding what it is exactly. Nonprofit organizations invest profits back into the organization rather than distributing profits to the business owner. There are four main types of nonprofit organizations:
- Trade associations. These are organized to serve the interests of a specific trade or profession.
- Charitable organizations. Charitable organizations serve a public purpose. These include organizations dedicated to remedying a social problem or promoting some social good. Museums, libraries, educational institutions, environmental groups, and outreach groups a
SOX Compliance (removed)
- 3 min read
What is SOX?
SOX informally refers to the Sarbanes-Oxley Act of 2002, a piece of legislation created for the purpose of protecting investors from accounting fraud, specifically those that are related to shares sold by publicly traded companies.
The Sarbanes-Oxley Act is a deliberate attempt to mandate strict reforms with regards to how corporations made financial declarations. The law mandates increased vigilance with regards to disclosures related to the financial state of the company, particularly when it comes to earnings and profitability.
It is important to remember that this law regulates publicly traded corporations, those that sell shares of stock to the common peo
How to Form a Multi-Member LLC in California
- 12 min read
Updated July 10, 2020:
Understanding how to form a multi-member LLC in California is actually very simple. To form your company, you need to file the proper documents with the state and make sure that you follow a few important regulations.
Pick a Name
Before you start the process of forming your California multi-member LLC, you need to pick a suitable name for your company. You should spend some time researching potential names for your LLC. The name that you choose should help consumers understand the purpose of your company, and your LLC name should also be easily searchable.
The name you select for your company must contain an indicator of your status, meaning it should contain the words “limited liability company” or an abbreviation such as L.L.C. or LLC. California, like many states, places restrictions on certain words that you may wish to include in the name of your LLC, such as:
- 7 min read
What Is a Delaware LLC?
A Delaware LLC, or limited liability company, is a type of business entity created by filing the Certificate of Formation with the Delaware Secretary of State. It creates a legal existence separate from its owners. Owners and managers are not personally liable for any of the company's debts.
A contract drafted by the company's members called the Operating Agreement outlines the structure of a Delaware LLC and the rules that govern the members, or owners, of the LLC. The Operating Agreement is legally binding and enforceable by every person that signs it. The members are free to organize the company howeve
Chapter 7 Bankruptcy (removed)
- 2 min read
Filing for bankruptcy can be a confusing process and many who are contemplating bankruptcy do not know about the differences regarding which type of bankruptcy they should be filing for.
What is Chapter 7?
Chapter 7 is the most common type of bankruptcy chapter filed in the U.S. Chapter 7 is also known as “liquidation bankruptcy”, that has to do with the selling of a debtor’s non-exempt assets by a trustee which w