by mark.koo@crederelaw.com | Nov 5, 2020 | Business Entities, Startup, Uncategorized
New business owners know that they need to collect sales tax on items that they sell, but they aren’t sure if they need a Seller’s Permit or a Resale Certificate. In California, this is an important distinction because while you might only need one, use of both may...
by consultants@kinggroupbc.com | Nov 1, 2020 | Business Entities, Startup, Uncategorized
For various reasons, many founders decide to incorporate in Delaware even if their principle place of business will be California. This is legal and commonplace, but there are some legal and practical points that the founders will consider. Registered Agent. All...
by mark.koo@crederelaw.com | Oct 31, 2020 | Business Entities, Contracts, Uncategorized
United States of America perspective The President of a corporation typically is the most senior corporate officer (frequently also the Chief Executive Officer). The President typically reports to the board of directors. The Chairman is called, more formally, the...
by mark.koo@crederelaw.com | Oct 31, 2020 | Business Entities, Contracts
A contract signature block that looks somewhat like the following: NAME OF COMPANY SIGNING THE CONTRACT By: ___________________(signature) __________________(print name) Title: _________________ Date: _________________ Sometimes we use the word “Its” instead of...
by mark.koo@crederelaw.com | Oct 31, 2020 | Business Entities, Contracts, Startup, Uncategorized
This post answers the following question: Is an operating agreement required? As is the case for many issues pertaining to limited liability companies, the answer varies from state to state. To answer this question, we need to examine the relevant statutes for each...
by mark.koo@crederelaw.com | Oct 29, 2020 | Business Entities, Startup, Uncategorized
This issue comes up here and there. Authorization to sign contracts is addressed in the corporation’s bylaws and / or in resolutions of the board of directors. If specific authorizations are set forth in the bylaws, changing those authorizations can cause some...
