by mark.koo@crederelaw.com | Nov 7, 2020 | Contracts, Uncategorized
What is a Precedent? Precedent is a legal principle, created by a court decision, which provides an authority for judges deciding similar issues later. Decisions of higher courts (such as Appellate Courts & Supreme Counts) are mandatory precedents on lower courts...
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 consultants@kinggroupbc.com | Nov 1, 2020 | Uncategorized
This post about the so-called Document Discriminator on driver’s licenses. DD = Document Discriminator DD is an abbreviation for Document Discriminator. A number of states started adding this piece of information to their driver’s licenses several years ago. The DD...
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, 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...
