Kiritsis & Associates
Kiritsis Law Group Phone: 212-922-0005
Author John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
The right of a minority shareholder to file a petition for judicial dissolution may require ownership of 20% or more outstanding shares (provided the corporation is not a registered investment company and has no publicly traded shares) to seek the corporation's dissolution on the grounds that: (1) the directors have acted illegally, fraudulently, or oppressively toward the complaining shareholders; or (2) the corporation's assets are highly leveraged. Typically, the New York BCL is more protective of voting shareholder minority rights.
It may worth considering the following items, prior to starting your Corporation:
What is the Corporation's name?
Is the corporation going to be for profit or not?
Will the bylaws indicate if the corporation is for profit or not?
Is it possible to take action on behalf of shareholders without holding a meeting?
How many members of the Board of Directors will be appointed?
Is there going to be a seal for the Corporation?
Will the company bylaws be amendable by a simple majority vote?
Will a super majority be required to change the company bylaws?
Will the corporation cover the legal expenses of its directors and officers in the case of a lawsuit?
Will the Corporation be able to issue stock certificates in response to a valid request?
Should the members of the first Board of Directors be included in the Articles of Incorporation?
Will there be at least one President for the Corporation?
Will there be at least one Vice President in the Corporation?
Is there going to be a treasurer for the Corporation?
Who will serve as the Corporation's corporate secretary?
When will the Corporation's internal affairs regulating papers be signed?
Who will be in charge of the Corporation's organization?
Will the company take on a new name?
What will the legal name of the corporation be?
What will the Corporation's physical address be?
What is the Corporation's mailing address going to be?
When do you think the Corporation's operations will start?
How many people will work for the Corporation?
What is the Corporation's expected yearly revenue?
What are the main types of activity that the Corporation will pursue?
Where will the Corporation's day-to-day activities take place?
What is the number of authorized shares that the Corporation will have?
Will the Corporation's shareholders have the legal right to keep their ownership percentage by purchasing more stock?
Will the Corporation's stockholders be compelled to first offer their shares to the Corporation before selling them to others?
When will the Corporation's fiscal year come to a close?
What are the members of the Board of Directors' names, residences, and phone numbers?
Will the terms of the directors be staggered?
\What will the duration of the director periods be if they are staggered in terms of years in office?
Will the directors be protected from the Corporation's personal liability?
What is the President of the Corporation's contact information?
What is the Vice President of the Corporation's contact information?
What is the corporate secretary's contact information?
What is the Corporation's treasurer's contact information?
Will the Corporation pay for the legal defense of the Corporation's directors/officers if they are sued for their work performance and/or corporate duties?
Is it legal for the Corporation to do business with its directors and officers?
In terms of real estate contract agreements, who has the authority to sign and legally bind the Corporation?
What will individual directors/officers be allowed/authorized to conduct on a day-to-day basis on behalf of the Corporation?
Will the Corporation's directors be able to lease office space on the Corporation's behalf?
In terms of correspondence with the underlying commercial landlord, who is the corporate commercial tenant's point of contact?
Will the corporation's executives and directors be able to engage into employment arrangements with the company?
Which corporate executives will have legal authority to bind businesses in employment agreements?
What is the individual officers' contact information?
In terms of taxation and corporate governance, who are the Corporation's most important employees?
Will there be significant workers who aren't Board members?
Who were the company's first shareholders?
What will each of the early stockholders' contributions be?
What shareholder voting procedures are required for properly organized shareholder meetings to approve company action?
What are the conditions for approving corporate activity by written permission (in the absence of a shareholder agreement)?
What are the conditions for amending the company bylaws in terms of shareholder voting?
When and where will the first shareholder meeting of the Corporation be held?
What are the logistics of business shareholder meetings that are scheduled?
Is it possible for the Corporation to issue stock certificates?
Will the Corporation provide any ancillary benefits?
What (if any) advantages will the Corporation provide to its shareholders, executives, and/or directors?
Is there a founder's kind of agreement in place before to the incorporation date?
Is the Corporation's underlying business an existing one or a brand-new venture?
Is the Corporation going to be regarded as a C Corporation for tax purposes?
Will the corporation elect to be taxed as a S Corporation?
Will the corporation have Limited Liability Companies (LLCs) as Subsidiaries?
Citations and possibly useful reference links, may include:
-New York State Bar Association
-New York City Bar Association
-American Bar Association
-New York State Secretary of State: Divisions of Corporations
-Internal Revenue Code
-Internal Revenue Service
-New York Department of Finance
-New York Business Corporation Law
-New York UCC (Uniform Commercial Code)
-New York LLC (Limited Liability Company) Law
-New York General Obligations Law (GOL)
-New York CPLR
-Delaware Corporate Law
-Delaware LLC Law
-Revised Uniform Limited Liability Company Law (RULLCA)
-New York Partnership Law
-New York Trust Law
-New York Constitution
-Gordon v. Doty 69 P.2d 136 (Idaho 1937)
-A. Gay Jenson Farms Co. v. Cargill, Inc., 309 N.W.2d (Minn 1981)
-Hoddeson v. Koos Bros., 47 N.J. Super. 224 (N.J. Super. Ct. App. Div.1957)
-Ira S. Bushey & Sons, Inc. v. United States, 398 F.2d 167 (2d Cir. 1968)
-Majestic Realty Assoc., Inc. v. Toti Contracting Co., 30 N.J. 425 (1959)
-Town & Country House & Home Serv., Inc. v. Newbery, 3 N.Y.2d 554
-Fenwick v. Unemployment Compensation Comm’n, 133 N.J.L. 295 (1945)
-Martin v. Peyton, 246 N.Y. 213 (1927)
-Meinhard v. Salmon, 249 N.Y. 458 (1928)
-Eisenberg v. Flying Tiger Line, Inc., 451 F.2d 267 (2d Cir. 1971)
-Marx v. Akers, 644 N.Y.S.2d 121
-Auerbach v. Bennett, 47 N.Y.2d 619 (1979)
-A.P. Smith Mfg. Co. v. Barlow, 13 N.J. 145 (1953)
-Kamin v. American Express Co., 86 Misc.2d 809 (N.Y. Sup. Ct. 1976)
-Francis v. United Jersey Bank, 87 N.J. 15 (1981)
-Bayer v. Beran, 49 N.Y.S.2d 2 (N.Y. Sup. Ct. 1944)
-Escott v. BarChris Construction Corp.m 283 F.Supp. 643 (S.D.N.Y. 1968)
-Levin v. Metro-Goldwyn-Mayer, Inc., 264 F.Supp. 797 (S.D.N.Y. 1967)
-Rosenfeld v. Fairchild Engine & Airplane Corp., 309 N.Y. 168 (1955)
-AFSCME v. AIG, Inc., 462 F3d 121 (2d Cir. 2006)
-Crane Co. v. Anaconda Co., 39 N.Y.2d 14 (1976)
-Ingle v. Glamore Motor Sales, Inc. 73 N.Y.2d 183 (1989)
-Metropolitan Life Ins. Co. v. RJR Nabisco, Inc., 716 F.Supp 1504 (S.D.N.Y. 1989)
-Morgan Stanley & Co. v. Archer Daniels Midland Co., 570 F.Supp 1529 (S.D.N.Y. 1983)
-Form 1099- DIV
-Buckley v. Valeo, 424 U.S. 1 (1976)
Law Offices of Kiritsis & Associates
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique Law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.
We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on a topic you may be interested in, or simply to find out how our Law Firm Group can help, you may click at any of our site's links.
We are available for existing and potentially new clients 7 days a week via online, phone, and/or in person.
Intellectual Property Disclaimer(s):
The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark, and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell, or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.
Our firm has a robust practice area presence regarding business formation and corporate governance. Below are just some of the areas that our firm may be able to help you with:
-New York Incorporation State Filing Forms
-NY Incorporation State Filing Fee Payment Forms
-Corporate Books and Records
-Incorporator Filer Services
-Incorporation Organizer Services
-Corporate Secretary Services
-Piercing the Corporate Veil
-Professional Service Corporations
-Corporate Meeting Minutes
-Corporate Paper Meetings
-Corporate Live Meetings
-New York BCL Legal Analysis Services
-DIrect Corporate Litigation
-Derivative Corporate Litigation
-Corporate Employment Contracts
-Corporate Independent Contractor Agreements
-Corporate Reverse Mergers
-Corporate Tax Return
-Corporate Tax Compliance
-Corporate Tax Controversies
-Corporation Stock Certificates
-Corporation Preliminary Name Search
-Corporate Banking Resolution
-Corporate Asset Purchase Agreements
-Asset Protection Driven Incorporations
-Tax favored Corporations
-S Corp tax election
-Corporate Resolution Authorizing Transaction
-Corporate Service Agreements
-Ongoing Corporate Legal Counsel Assistance
-Minority Business Certification for New York Corporations
-Women Owned Certification for New York Corporations
-Veteran Owned Small Business Certification for New York Corporations
-Service Disabled Veteran Small Business Certification for New York Corporations
-Legal Name Selections for New York Corporations
-Corporate Tax Ids
-Corporation New York State Tax Id
-Federal Corporate Income Tax Return
-State Corporate Income Tax Return
-For Profit Business Corporations
-New York Domestic Business Corporations
-New York Foreign Qualified Corporations
-Shareholder Proxy Battles
-Shareholder Voting Proxy Trust Agreements
-Bearer Corporate Stock Certificates
-Par Value Corporate Stock Shares
-Par Value Corporate Stock Certificates
-Corporation LLC Divisions
-Corporation D & B Numbers
-Bank Letters for Corporations
-Employer Manuals for Corporations
-Corporation Federal Trademarks
-Corporation State Trademarks
-Corporation Federal Service Marks
-Corporation State Service Marks
-Corporation Copyright Registration
-Corporation Business Registration
-Corporation Biennial Filing Reports
-Corporation Franchise Fee Filling Reports
-Corporation Stock Purchase Agreements
-Corporate Indemnification Agreements
-Corporate Shareholder Restrictive Agreements
-Corporate Shareholder Divorce Protection Structuring
-Corporate Security Agreements
-Corporate Lender's Agreements
-Corporate Promissory Notes
-Corporate Capital Stock
-Corporation Non Voting Stock Certificates
-Corporation Preferred Stock Certificates
-Corporate Side Agreements
-Corporation Registered Agent Services
-Corporation General Counsel Club Services
-Duplicate Corporate Kit Orders
-Replacement Corporate Kit Orders
-New Corporate Kit Orders
-Corporate Books & Ledgers
-Corporate Meeting Recordation Services
-Articles of Incorporation
-Corporate Shareholder Ownership Register
-Seed Capital Credit Agreements
-Shareholder Stock Pledge Agreements
-Corporation Independent Director Service Agreements
-Customized Corporate Record Kits
-Corporation Document Retrieval Services
-Corporation Filing Forms Services
-Corporation Nominee Services
-UBO (Ultimate Beneficial Owner) Trust Agreements
-Corporate Stock Ledgers
-Corporation Fictitious Names
-Corporation Alternate Names
-For Profit Corporations
-Low Profit Corporations
-Non Profit Corporations
-Shareholder Directive Order Agreements
-Perpetual Duration Corporations
-Limited Duration Corporations
-De jure Corporations
-De facto Corporations
-Corporation Certificate of Good Standing
-Corporate Tax Clearance Letter
-Corporate Spin Offs
-C Corp electing S Corp tax treatment
-Ending S Corp tax election
-C Corp Subsidiary
-C Corp Division
-S Corp Subsidiary
-S Corp Sub Subsidiary
-Shareholder Meeting Agenda
-Shareholder Meeting Paper Ballots
-Incorporation for Licensed Professional Owners/Executives
-Corporate Tax Avoidance Planning
-Reverse Corporate Piercing
-Corporate Bankruptcy Petition Filings
-Corporate Governance Documents
-Corporate Stock Shares Certificates
-Board of Director Meeting Minutes
-New York Articles of Incorporation Filing Forms
-New York Amendment of Articles of Incorporation
-New York Correction of Articles of Incorporation
-New York Corporation Kits
-New York LLC formation
New Jersey LLC Formation
-New York Incorporations
-New Jersey Incorporations
-Delaware LLC formation
-Limited Liability Law
-Business Corporate Law
-Limited Liability Partnerships
-DBAs (Doing Business As)
-Registered Agent Services
-Agents for Service of Process
-NY LLC Newspaper Publication
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
The views expressed by this author are not legally binding or reflective of the author, the author's firm, the author's employers, the author's employees, or any individual and/or organization.