Monday, November 28, 2011

November 28, 2011 - Corporate Formation, Merger, Termination (Chapter 29)

1. A corporation is a creature of ___________.

2. Describe a corporation.

3. A corporation is recognized as a __________.

4. Define dividend.

5. Define retained earnings.

6. Why are holding companies used in business?

7. What is a domestic corporation?

8. What is a foreign corporation?

9. What is an alien corporation?

10. What is a non-profit corporation?

11. What is a close corporation?

12. Why can management of close corporations be difficult?

13. Brief Williams v. Stanford.

14. What are the 6 most important requirements for S corp status?

15. What is the difference between an S corp and P (P.C.) corp?

16. What are the four incorporation procedures?

17. How do you secure a corporate name?

18. Why is selecting the state of incorporation important?

19. What four elements must articles of incorporation include?

20. What is a registered agent?

21. When do you file articles of incorporation with the state?

22. What are the six conflicts that may arise among documents involving corporations?

23. Describe ultra vires?

24. What is a de jure/de facto corporation?

25. Describe the legal theory of corporation by estoppel. 

26. Brief Brown v. W.P. Media.

27. What four factors lead a court to pierce the corporate veil?

* * * * Wednesday - Corporate Finance (page 738).

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