by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
[cite] Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP Changing the Voting Rules As previously stated, the articles of incorporation, along with the bylaws, lay out the number of director positions and the voting procedure for electing those...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
[cite] [cite] Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP Overview of the Board of Directors The directors of the corporation are elected by the shareholders. The board of directors represents the interests of the shareholders within the...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
[cite] Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP How do boards make decisions? The formal process for making decisions is carried out during a board meeting. First, a director makes a motion to approve a specific action or rule. The directors...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
[cite] Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP What is promoter liability? A promoter of a corporation is the individual arranging contracts for or on behalf of the corporation. This includes entering into subscription agreements for the...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
[cite] Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP How do shareholders exit the corporation? Shareholders are generally free to leave the corporation at any time. A shareholder exit does not give rise to dissolution of the corporation. There...
by TheBusinessProfessor | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
[cite] Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP What are Buy-Sell Agreements? A Buy-sell agreements is an agreement between owners of a business that limits their ability to buy or sell an interest in the subject business. Generally, the...
