- info@kaizencpa.com
- Our Office: USA - Hong Kong - Shenzhen - Shanghai - Beijing - Taiwan - Singapore - Japan - UK
+852 2341 1444(Hong Kong)
Search for anything.
Knowledge
- Home
- Knowledge
- US
Introduction to Shareholder's Appraisal Rights in U.S. Fundamental Corporate Change
Historically, fundamental corporate changes required unanimous shareholder approval. This gave each shareholder a right to veto; if even one shareholder voted “no,” the transaction failed. Modern law rejects approach and requires only approval by a designated percentage of the shares. In lieu of a right to veto, modern law provides a shareholder who objects to the fundamental change a “right of appraisal”.
U.S. States Voluntary Disclosure Program Introduction
To keep taxpayers in compliance with State tax laws, most States in U.S. have introduced voluntary disclosure programs. The program encourages taxpayers to proactively file previously delinquent tax returns and pay previously delinquent taxes and interest to exempt penalties and receive other benefits. Eligible taxpayers will need to apply for the program and then get State approval to exempt penalties and get other benefits.
Shareholder’s Responses to Unfavorable U.S. Corporate Charter Amendments
The articles might be amended to delete dividend rights or voting rights for a specific class of stock, giving rise to significant implications for the arrangement of benefits between shareholders. In relatively early times, some courts concluded that shareholders had a “contractual” or “vested” right in articles provisions, making them unamendable without shareholder consent.
Basic Features of Corporate Shares in U.S.
Authorized shares are defined as the maximum number of shares that a corporation is legally allowed to issue to investors, as per its own determinations. The number of the authorized shares is listed in a corporate’s legal formation documents, known as the Articles of Incorporation.There is no limit as to the total number of shares that can be authorized. After the incorporation
How to sell on Amazon with a U.S. Company
We recommend registering your business as a legal U.S. entity before applying to be a U.S. seller on Amazon. It will be smoother for a U.S. company to register for Amazon. And Amazon, as a U.S. company, provides more help of U.S. based businesses, and will take care of them in terms of store closures, promotions, etc.To open an Amazon seller account with a U.S. company, you must follow the below procedures:
New York Workers’ Compensation Insurance Requirement
Every employer in New York must provide workers' compensation insurance for their employees. This coverage can help pay medical bills for workers who are injured on the job.Businesses in New York State must have workers' compensation coverage for all employees. The rule includes part-time employees and family members employed by the company.
Types and Procedures of Fundamental Changes of a U.S. Company
At a certain stage in the lifespan of a company, the owners may seek to implement fundamental changes to the organization. While certain alterations may involve primarily administrative adjustments, such as changing the company's name, others may necessitate restructuring the company's framework.
How to Identify Beneficial Owner in U.S. BOI Report
Beginning January 1, 2024, many companies are mandated to provide the Financial Crimes Enforcement Network (FinCEN) with details regarding the individuals who ultimately possess or control them, known as Beneficial Ownership Information (BOI). This article provides a brief overview of how to identify the beneficial owners required to be reported in a BOI report, as well as the exceptions to BOI report.
Which Items of U.S. Company’s Article of Incorporation Can Be Amended
An amendment to the articles is a fundamental company change. In some states, relatively minor changes, such as changing the registered agent, may be made by the board without requiring approval from shareholders. While certain changes may involve reorganization of the company's structure.
How to Choose the Type of U.S. Company Registration?
How to choose the type of company to incorporate in the U.S. is an important factor that every entrepreneur needs to consider, and the difference in the type of company can have different legal liabilities and tax implications for the entrepreneur. In light of this, the article will introduce four categories of business entities: sole proprietorships, partnerships, limited liability companies, C-Corporations, and S-Corporations.