| Types of Organizations for Doing Business |
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| Various types of organization are available for doing business. In addition to authorizing corporations as a way of doing business, most states also provide for the formation of limited liability companies, general and limited partnerships, and sole proprietorships. Differences in the potential liability and taxation of the owners of the business are the most distinguishing features among the types of business. More... |
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| Directors' Ignorance of Corporate Affairs |
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| To carry out fully their duties and responsibilities to shareholders and the corporation, directors must be reasonably familiar with the workings of the corporation and have a general knowledge of how the corporation conducts its business. Directors are not expected to have superior knowledge about all business and financial aspects of the corporation, but they are assumed to have competent knowledge of the duties they have taken on when named to the board. More... |
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| Duty of Loyalty |
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| RATIFICATION OF SELF-INTERESTED DIRECTOR TRANSACTIONSMore... |
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| Premerger Notification Under Section 7A of the Clayton Act |
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| Section 7A of the Clayton Act, 15 U.S.C.S. § 18a, requires advance notice to federal antitrust enforcement agencies of mergers and acquisitions over a certain size. Pre-merger notification rules must be complied with and notice must be given to the Federal Trade Commission or the Department of Justice before the merger or acquisition may become effective. Those agencies have the option upon receiving proper notification to impose an additional waiting period upon the parties to the transaction in order for the agencies to evaluate any potential effect on competition or tendency toward a monopoly that would suggest an enforcement action to have the merger or acquisition enjoined.More... |
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| Employment Law |
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| Protection for Aviation Safety WhistleblowersMore... |
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