Board members are responsible for making strategic goals and decisions for the charitable organization. Officers are generally the “responsible party”
Corporations lean on Delaware’s favorable business laws when it is time to incorporate their business. However, what happens when you want to dissolve your Delaware corporation?
A shell company can be created when shareholders of a private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a “shell” since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors.
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This is a quick legal reference guide covering 16 topics that every business owner needs to have to start a business
