SD Lawyer - Articles

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A Profile of Chief Justice John Roberts of the Supreme Court
Slowly, but surely, the United States Supreme Court has been transforming to a more conservative philosophy. This transformation is being cemented by Chief Justice Roberts. In the opinion of some, there is no more powerful government body than the United States Supreme Court. The reason for this opinion has to do with the issue of time. A President serves a four year term and no more than two in a row. In Congress, there is an election every 2 years for representatives and 6 for senators. Read
By: SD Lawyer | 22/10/2007 | Law
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Converting From a C Corp to an S Corp
As you may know, there are two types of corporations for tax and legal purposes. The “C” corporation is a more formal structure than the “S” corporation and taxed differently. Converting from a C Corp to an S Corp Read
By: SD Lawyer | 22/10/2007 | Law
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Business Entities – Avoid These Pitfalls
In our modern society, you can get sued for just about anything. All it costs is a couple hundred dollars to file a lawsuit. If you are starting a business, you need to protect yourself. Business Entities – Avoid These Pitfalls Read
By: SD Lawyer | 22/10/2007 | Law
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Elements of Corporations
Corporations are the oldest formal business entities we have. Still, many people are confused by the practical things one must have for a corporation. A corporation is a stand alone business entity. It embodies a legal fiction, to wit, it acts as a “person” separate from its owners, known as shareholders. This fiction requires the corporation to act as its own entity by filing taxes, agreeing to contracts and so on. Read
By: SD Lawyer | 22/10/2007 | Law
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What is the Corporate Agent for Service of Process?
When businesses decide to incorporate, there are a lot of issues to confront. One of them is designating the agent for service of process. The problem is most people don’t know what this is! A corporation is a formal business entity. Under long established law, it is considered an “person” independent of its shareholders. In human terms, this means it acts alone much as a person would in business. It must file taxes. It can be sued. Read
By: SD Lawyer | 22/10/2007 | Law
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Starting a Business With Multiple Owners
Starting a business with multiple owners is fairly commonplace. If you are not careful, however, it can lead to major problems down the line. A business is really an idea when you get down to the fundamental aspects of it. While practically everyone wants to make money, businesses are usually started because somebody has an idea. More accurately, it is often because two or more people come up with something they think people will be interested in. Read
By: SD Lawyer | 22/10/2007 | Law
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Selling Equity in your Corporation
If you are smart, you will form a business entity for your business start up. The question, however, is how do you find investors and what do you sell them in exchange for critically needed money. For the purposes of this article, let’s assume you formed a corporation to start your business. Let’s also assume you have friends and families interested in investing. If you don’t, there are a lot of questions about selling securities to the general public, so let’s avoid that situation. Read
By: SD Lawyer | 22/10/2007 | Law
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Personal Guarantees for Corporate Leases
If you take down a lease for a business, the lease agreement will shock you. It is the size of a small phone book, and the most important page is usually buried in the back. Assume you have a business. Assume further that you wisely decided to form a business entity. For the purposes of this article, we will assume it is a corporation, but it could be a limited liability company as well. At some point, you are going to need an office or retail space. Read
By: SD Lawyer | 22/10/2007 | Law
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Getting a Tax Id Number for a Business Entity
If you are going into business, the smart move is almost always to form a business entity to protect you from lawsuits. If you take this step, you need to get a tax identification number for the entity. Let’s face it. There is a certain amount of legal risk if you go into business for yourself. You need only watch the news or read the paper to see all kinds of scary lawsuits and judgments. Read
By: SD Lawyer | 22/10/2007 | Law
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Norway to Ban Itunes Downloads Online?
When it comes to downloading music on the web in a legal fashion, Itunes is the undisputed leader. Well, maybe not in Norway. Norway has a unique set of laws related to technology, particularly as it applies to the web. One set of laws tries to create a consumer friendly air for particular software to product applications. In human terms, these laws state that a software system designed for a specific problem also has to be adaptable to other products not owned by the company in question. Read
By: SD Lawyer | 22/10/2007 | Law