James W Corporate Law Blog

What About an Online Minutes Book?

Monday, May 30, 2011 by James W. Martin

Don’t you think it would be nice if you could do corporation minutes online? And keep them in an online minute book? Instead of keeping them in a 3 ring notebook?  Well, I do. I dream of it. Minutes in the cloud.  I’d type them up, hit the upload button, and watch them magically appear, organized in chronological order, right there on the web page.... Read More
Posted at 20:39 PM  |  PERMALINK
Topic: Corporate Law

Florida Corporations Are Missing Documents

Monday, May 30, 2011 by James W. Martin

It’s very easy to form a Florida corporation these days. Perhaps too easy. All you have to do is go to www.sunbiz.org, fill in names and addresses, answer a few questions, and charge the filing fee to your credit card. Then whammo you’ve got a new Florida corporation. The problem is if that’s all you did then you’re missing a lot of documents. And a lot of planning opportunities.... Read More
Posted at 20:33 PM  |  PERMALINK
Topic: Corporate Law

Has Your Florida Corporation Held Its Annual Meeting Yet?

Monday, May 30, 2011 by James W. Martin

It’s important for all Florida corporations to hold an annual meeting of shareholders and an annual meeting of directors. Even if it’s not a Fortune 500 company. Even if it has just one shareholder. Why? To elect directors and officers, review annual financial statements, and do the other things that corporation shareholders and corporation directors are supposed to do.... Read More
Posted at 20:32 PM  |  PERMALINK
Topic: Corporate Law

How Are Florida Corporations Formed?

Monday, May 30, 2011 by James W. Martin

Corporations are formed in Florida by filing articles of incorporation with the Florida Division of Corporations. But that is just the first step. There are other legal documents to be prepared, such as bylaws, minutes, stock certificates, etc., and there are accounting and tax matters to deal with.... Read More
Posted at 16:43 PM  |  PERMALINK
Topic: Corporate Law

What Are Directors of Corporations?

Monday, May 30, 2011 by James W. Martin

Under the Florida corporation laws, the board of directors is charged with managing the corporation. Generally, the shareholders elect the directors, and the directors elect the officers, and the officers hire and fire the employees. The board of directors sets the policies that the officers and employees are to follow. The board of directors ratifies and approves contracts of the corporation.... Read More
Posted at 16:43 PM  |  PERMALINK
Topic: Corporate Law

What Are Officers?

Monday, May 30, 2011 by James W. Martin

Generally, the officers of a Florida corporation are a president, a secretary, a treasurer, and one or more vice presidents or assistant officers.  Officers are elected by the board of directors, who in turn are elected by the shareholders.... Read More
Posted at 16:38 PM  |  PERMALINK
Topic: Corporate Law

What Are Shareholders?

Monday, May 30, 2011 by James W. Martin

Florida law gives shareholders the right to certain financial information about the corporation. In addition, the articles of incorporation and bylaws of the corporation may give shareholders additional rights.... Read More
Posted at 16:35 PM  |  PERMALINK
Topic: Corporate Law
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