Legal Guidebook For Closely Held Corporations

Like its companion the Corporate Director's Guidebook, this new title covers topics in plain English so the principles are easily understood by nonlawyers

The Guidebook replaces Managing Closely Held Corporations: A Legal Guidebook, published in 2003. Given the time lapse, this new edition is thoroughly updated with new added topics that have emerged in the last two decades. Prepared by the Corporate Laws Committee, the Guidebook provides basic concepts of a closely held corporation and identifies the characteristics that are fundamentally different from publicly held businesses. Unique from other resources on the subject, the Guidebook covers: The special concerns and challenges involved in closely held corporations Legal concerns of directors, officers, and shareholders as they hold a much greater congruency of decision-making and risk-taking in a closely held corporation The law of corporate governance - the legal rules relating to the respective powers and duties of directors, officers, and shareholders The articles of incorporation and bylaws of the corporation The importance and flexibility of private ordering to address the bespoke nature of many closely held corporate governance structures, including the use of particular provisions in the governing documents to alter the statutory default rules for corporate governance Mergers, asset sales, and entity changes Buy-sell agreements and transfer restrictions Corporate record-keeping requirements and directors' rights with respect to a corporation's books and records And more. This book was published on 6/16/2023.

As legislatures have come to recognize the distinct needs of closely held corporations, the law in this area has become unique. The Law of Closely Held Corporations encompasses all of the major transactional and litigation issues that practitioners are likely to face. Covering relevant federal and state laws and regulations, this resource gives you insights into successful business structures that help avoid conflict down the road--and it gives you everything you need to successfully resolve conflict if it does arise! Providing the materials you need to find practical answers to sometimes thorny questions, this NEW resource: Delivers current treatment of all aspects of close corporation law--including expert insights into the latest developments Includes coverage of relevant close corporation cases and statutes--at both the federal and state levels Focuses on the unique transactional and litigation issues of a close corporation Covers basic and sophisticated close corporation issues Offers concrete guidance and to common--and uncommon--questions Includes detailed transactional forms and litigation pleadings Over 50 Key Forms on CD-ROM! Rather than using one source for legal analysis and another source--or sources!--for forms, now you can rely on the one comprehensive resource that includes analysis and forms with clear cross-references between them. The Law of Closely Held Corporations is your comprehensive guidebook for navigating the unique--and often complicated--situations that arise within closely held corporations, including: The Role of Fiduciary Duty Breaches of Fiduciary Duty Dissension and Oppression in the Closely Held Corporation Remedies for Dissension Valuing Assets and Quantifying Buyout Handling Litigation--includes a consolidated collection of relevant case law! Derivative Suits And much more!

The Corporation in Perspective; Unincorporated Business Forms; Formation of Corporations; Limited Role of Ultra Vires; Preincorporation Transactions; "Piercing the Corporate Veil" and Related Problems; Financing the Corporation; Distribution of Powers Within a Corporation; Special Problems; Shares and Shareholders; Directors; Officers; Closely Held Corporation; Publicly Held Corporation; Duties of Directors, Shareholders and Officers; Indemnification and Insurance; Shareholder's Suits; Class Action Suits; Dividends, Distributions and Redemptions; Inspection of Books and Records; Organic Changes; Amendments, Mergers and Dissolution.

This book examines the role of officers, directors and shareholders in the governance of the modern publicly held corporation.

This casebook covers the law of "closely held" businesses--those with few owners. Such businesses face special problems when compared, for example, to large, publicly held corporations. The book primarily covers four legal areas, through cases, statutes, and original informational notes and commentary: (1) agency law (covering questions of authority, fiduciary duties, and respondeat superior); (2) partnership law (the Revised Uniform Partnership Act and significant common-law developments); (3) the law of close corporations (basic corporate structure, common-law underpinnings and modern statutes, and protections of minority interests); and (4) the law of limited liability companies (LLCs). The book also introduces some problems in the law of small nonprofit organizations and of hybrid companies, such as the "low-profit" LLCs that have been authorized by recent statutes. The book is intended for use in modern versions of the "Agency and Partnership" course, courses on unincorporated or closely held businesses, and the first part of integrated "Business Organizations" sequences of courses. It adopts a functionalist approach to law and introduces students to economic reasoning in business law without relying exclusively on the methods or ideologies of legal economists.

This book is designed to assist students with clear & comprehensive treatment of key concepts in corporate law. Significant business, economic, & policy issues are highlighted in connection with a thorough analysis of the important cases & statutory provisions used in the study of corporations. It includes the major theoretical approaches used in current corporate law literature. In each chapter, the authors identify important policies & discuss the relationship of the law as it has developed to those policies. Statutory issues are covered under both the General Corporation Law of the State of Delaware & the Revised Model Business Corporation Act. This book is designed to be used with all of the major corporate law casebooks. Published in 1998.

This volume provides an overview of United States federal and state law governing business organizations. The chapters take the reader through a step-by-step exposition of the most basic sole proprietorships to the most complex multi-tiered conglomerates. Among the business organizations treated are partnerships with their various modalities (general partnerships, limited partnerships, limited liability partnerships), corporations (including closely held corporations, public corporations and other variations) and limited liability companies. The case law and statutes governing the full menu of business organizations are systematically analyzed and presented. Leading cases at both the federal and state level as well as model legislation such as the Uniform Partnership Act and enacted legislation are further examined. Other topics covered include Agency and partnerships, Accounting, taxation and finance, Startup corporations and venture capital, Fiduciary duties and shareholder control, Mergers and acquisitions.