Do all employees need to have Employment Agreements? It is not a legal requirement that employees have written agreements with their employers spelling out the terms of their employment. However, it can often be sound business practice, both for employer and employee, to have a written Employment Agreement, spelling out the terms and conditions of employment.
The corporation is an artificial entity. It is created by filing Articles of Incorporation with the proper state authorities. This gives the corporation its legal existence and the right to carry on business. The Articles of Incorporation act as a public record of certain formalities of corporate existence. Upon filing of the Articles of Incorporation, payment of the proper fee, and acceptance by the state corporation department, the corporation officially begins its legal existence.
Immigration affairs are handled generally by two separate departments within the United States Federal government. Each department handles a different area of immigration law, and promulgates its own rules and forms.
The following is a brief overview of the roles that these two departments play, as well as a discussion of the forms and information that each provides to the public.
Whether leasing property for residential or commercial purposes, it is important to have an understanding of the legal issues involved. Below is a brief discussion of these issues, and of the forms and materials available on our website to aid you in the leasing process.
For most of us, it is very difficult to come to terms with our own mortality. To actually contemplate one’s own death is painful. Consequently, very often such thoughts are avoided. However, if you wish to insure that your desires regarding the disposition of your property and possessions after your death are fulfilled, you must confront your mortality and plan accordingly.
A Living Trust is the cornerstone of any comprehensive arrangement to plan for the distribution of your property upon your death. In this guide, the basic qualifications for having a Living Trust are outlined. Various other estate planning tools which may be useful in certain situations are also detailed. Finally, an overview of the steps you will take in preparing your own Living Trust is presented.
There are a variety of considerations that a business will face in the course of hiring, employing, and terminating its employees. This discussion will provide you with a brief overview of the legal issues that you must consider as a part of these decision making processes.
Limited liability companies are a relatively new form of business organization, first recognized in the United States by the State of Wyoming in 1977. Since then, legislation has been enacted in all 50 states and the District of Columbia (Washington D.C.) to allow businesses to organize as limited liability companies. A limited liability company is a separate legal entity, as is a corporation. The business structure is actually a hybrid type of business entity–between a corporation and a partnership. It is organized in a fashion similar, but not identical to, that of corporations.
To the officers of a corporation fall the responsibilities of running the business. Their powers, however, are dictated solely by the board of directors. Officers can be given very broad powers to transact virtually all business for the corporation, or they can be tightly limited in their authority. A single shareholder can act as both the sole director… Read More »
As explained in our Shareholders of an S-Corporation article, directors are elected by the shareholders at their annual meetings. Please note, however, that in the forms available on our site, the initial board of directors is specified in the Articles of Incorporation which are prepared and filed with the state. This listing of the directors is to comply… Read More »