How Do Corporations Work?

By Matthew Dochnal May 28, 2024
a board of directors gathered around a table holding an annual meeting

What is a corporation? Corporations  are a type of legal structure that play a significant role in the business world. Entrepreneurs use the legal structure of a corporation to protect themselves from risks and grow their businesses into large enterprises. You interact with businesses set up as corporations nearly every day, however, you may not […]

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What Is Shareholder Primacy, and Why Does It Matter Right Now?

By IncNow January 5, 2022
shareholder primacy

We’ve been living through a global pandemic for nearly two years, and some companies are still trying to balance how to benefit the public while attending to corporate obligations. In this COVID-19 crisis, is it within the discretion of the board of directors to change manufacturing lines to produce masks and other personal protection equipment […]

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Do LLCs Have Stock or Shareholders?

By IncNow February 25, 2021

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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