Corporations
Do volunteers have a right to address the Board of Directors?
Does a volunteer with a nonprofit organization have a right to be heard by the Board of Directors if questioning practices/governance?
Can I face theft charges if a corporation went out of business?
How is it possible for theft charges against me when the product purchase claim was against a corporation, the corporation went out of business, the owner took funds out of his personal bank account to cover the charge back to the corporate bank account.
Can I be both President and Secretary with other shareholders?
I'm completing the bylaws form for TX. It says 'In Article IV, Section 1, you must name the officers, such as President, Vice-President, Secretary and/or Treasurer. The same individual may hold two or more offices, except that the same person cannot be both the President and the Secretary unless there is only one stockholder. Field [8]-Name officers of the corporation. You should have a President and a Secretary. The same individual may hold two or more offices.'Can I be the President and Secretary although there are other shareholders? If not, what can I do ?
Should I start a nonprofit or LLC for my business idea?
I want to start a business that will sell goods and products obtained from a Christian orphanage and surrounding villages in Africa. The products will be mostly sold in the US. I want to donate approximately 25% of the profits back to the orphanage. I would keep the remaining 75% for my own livelihood and to sustain the company. The business will be operated from my home and via the internet. Would this qualify for a nonprofit business or should I set up a LLC? I do want to make a profit but plan to donate a generous portion back to the orphanage. I am hoping to expand this concept working with other philanthropic ministries as well. Please advise on how to set up this business. Also, can you recommend a business forms package in conjunction with your advice?
How can someone access financial records of a California foundation?
This concerms financial reporting requirements for an Established Foundation that is registered in California and would be set up, say for example, suicide prevention whereby the foundations, for example, takes in $30,000 in donations during the first year of activity. My question is, 'How does an individual gain access to CA State and/or Federal documents required for accounts filings related to how the the foundation utilized the $30,000 donation money, its distribution, its accountability and how it was reported? In other words I want to determine if the $30,000 donation money was used properly for its intended purpose according to the this type of registered foundation laws, or if there were misappropriation of these funds?