CORPORATE STRUCTURES & FORMALITIES IN AN AMERICAN NON-PUBLIC CORPORATION 

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This is a lengthy document which is provided for downloading in "Microsoft Word" file format. To proceed with downloading the article in MS Word format, please click here. The Introduction of the article follows:

Introduction:

As described in the web article "Limited Liability Entities", the overwhelming majority of business people chose to engage in business utilizing structures that will protect their personal assets by creating corporations or limited liability companies or limited liability partnerships. Such structures dominate the world of domestic and international business and allow investors and business owners to participate in commerce without risking all they own if the company fails or loses a major litigation. The reader is invited to read the relevant article on the Articles Page of our website for a general description of those structures.

This Article shall discuss the basic structure and required record keeping of a California Corporation which is not traded on a public exchange. Such entities, which make up the overwhelming majority of limited liability businesses in California, are easily formed and operated and are normally recommended by this office as the best way to commence a business in this State. Other Articles will discuss the structural and record keeping requirements for the other types of limited liability entities.

(The full article in MS Word format can be downloaded here)

These Articles are to give the reader a general description of certain areas of the law. Legal advice is necessary to apply these legal concepts to your particular situation. The Reader should obtain competent legal advice before relying on the Articles.

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