Articles
What is a “Nonprofit”?
The word "nonprofits" The term “nonprofit” means different things to many different people. It’s a commonly used word without a common understanding between writer and reader. People often use the words “nonprofit” and “tax exempt” interchangeably. Congress has...
What is the “by” line in a contract signature block?
You’d need to see the whole block because it could either be the place where you put the name of the entity or where you sign your personal name. Most of the time its a signature. For instance, lets say Larry Johnson is the CEO of Acme Inc. and he is signing a...
What Will Happen to My Hotmail Account When I Die?
Keeping Your Account Private Because Microsoft provides account access to the families and representatives of deceased account holders, you will have to plan ahead if you want to keep your account private after your death. Here are some options: Delete the account...
Should I Incorporate in California or Delaware?
Business owners often ask whether they should be incorporating in California (or their home state) or if they are better protected by incorporating in Delaware or some other jurisdiction. Their concerns are often focused on taxes, limitations on personal liability and...
The Convenient and Practical Features of a Delaware Corporation
If you’re in California and considering starting a company, you’ve probably heard by now why investors traditionally prefer the Delaware Corporation over a California Corporation. These reasons include, but are not limited to, a well-established legal precedent that...
What Does It Mean To Be “FTB Suspended?”
If a legal entity has been “FTB Suspended” with the California Secretary of State it was suspended by the California Franchise Tax Board most likely because the company did not pay its annual franchise tax. There are two potential problems with being FTB Suspended:...
What Is a Non-Disclosure Agreement?
A nondisclosure agreement or NDA creates a legal obligation to privacy and compels those who agree to keep any specified information top-secret or secured. NDAs are common in many business settings, as they provide one of the most effective way to protect trade...