Corporations
What is a Qualifying Agent in Ohio Security Firms?
What is the responibity of a primary qualifying agent of security company. The company is a corp. in the state of ohio. There is a large problem with the owners on what the qualifying agents responibity is.
Can the Same Person Be a Director and an Officer in a Nonprofit Corporation in California?
Our pastor has resigned. He also was the president and CEO of our california non-profit corporation for our church. Can the trustee board make amendments to it's bylaws without the signature of a CEO or President? Can the chairman of the trustee board sign the amendments. Is it legal for the chairman of the trustee board to be voted in as vice-president of the corporation and still serve as chairman of the board?
How Can I End a Business Partnership in New Jersey?
I have an LLC partnership in NJ, and need to finish it, as we have no business, and my partner fraudulently used my personal bank account in Miami to try paying his bills. I am afraid he could do more irregular things and have me involved. I live in Colombia, for what he did all the paperwork for the company, but I never signed any paperwork. How can I do this, and how much would it cost?
Can an Officer Pay Himself a Salary as Part of the Winding Down Process?
Problem Data: I worked for a company in the state of Indiana from 1992 to 12-31-2004. The company went out of business on 12-31-2004. The company did not file bankruptcy. It just closed down. The company has been in litigation from 1-1-2005 to 6-10-2011.The company was not operational from 1-1-2005 to 6-10-11. I am the only remaining employee, officer (CEO) and voting director of the company. I worked the ligation from 1-1-2005 until it was settled on 6-10-11. The company presently owes only 3 secured Note Holders, including myself. The Note Holders have perfected a UCC-1 lien against the company for the amounts of the notes. I want to be paid a salary (wages or fee) for the work I did on the litigation for the last 7 years. I have about 2,500 hours in the litigation and want to pay myself $10 an hour for this work. I had and still have an employment contract with the company to pay me $20,000 a month.Question: Can I paid myself a reasonable salary ($25,000) for the work I did on the litigation before paying the Note Holders or would the perfected lien position of the Note Holders dictate that the Note Holders have the right to be paid first - before any salary could be paid to me? If the salary could be paid first - do I have the authority to pay myself this salary with the positions I hold with the company? Please answer my question as directly as possible - thanks
If corporation was involuntarily dissolved, is it still responsible for credit line debt?
My husband owned a Corporation. Bank of America had a freak out in 08 and cut the credit line of many small business owners including us and we went out of business because of it. We have paid down the debt but we can no longer afford to pay. We never renewed our corporation and it's administratively dissolved. What do I need to do to get out of the debt? The debt was sold to an attorney.