SINCE 1974
We often get questions about LLC stockholders, bylaws, stock certificates, directors, minutes and sometimes a Limited Liability “Corporation.” It’s understandable to have questions about how LLCs are structured and operate. Here’s what you need to know. Do LLCs have stock? Typically, “stock” is not the term used for LLC ownership shares. In most LLCs, the […]
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What is a Corporation, Exactly? Corporations are legal business entities that are separate from the real people who own them, run them and work for them. When a business becomes a corporation, it becomes its own person. In the eyes of the law a corporation is a separate person, different from the real people who […]
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What Is Shareholder Primacy, Exactly? “Shareholder primacy” imposes a duty upon boards of directors to put the interests of their shareholders above all others. Traditionally, management has been seen as an “agent” for the “principals” who are the owners. When the management also acts as an agent for the non-owners who are impacted by the […]
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