Law Office of Yoel Molina, P.A.
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Law Office of Yoel Molina, P.A.
10 THINGS FOREIGN COMPANIES AND INDIVIDUALS SHOULD KNOW ABOUT U.S. CORPORATE LAW BEFORE STARTING A BUSINESS
By Yoel Molina, Esq.
Email: fd@molawoffice.com | Office: 305-548-5020 2655
S. Lejuene Road, Suite 500, Coral Gables, FL 33134
As a corporate attorney in Miami, Florida, I have assisted numerous foreign companies and individuals in launching and operating businesses in the United States. One of the critical areas that requires guidance is U.S. corporate law. If you are a foreign company or individual planning to initiate business in the U.S., here are 10 things you should be aware of regarding U.S. corporate law:
Types of Corporate Entities: Businesses can be structured as corporations, limited liability companies (LLCs), limited partnerships, and limited liability partnerships, each with distinct legal benefits and obligations.
Incorporation: To establish a corporation in the U.S., a company must file Articles of Incorporation in the state where it intends to operate.
Shareholders: Corporations have shareholders who hold ownership shares and possess voting rights and profit participation.
Directors and Officers: Corporations have a board of directors overseeing the company's management, along with an executive team responsible for day-to-day operations.
Bylaws: Corporations are required to have bylaws that outline rules and regulations governing the company's management.
Disclosure Obligations: Corporations must submit financial reports and other disclosures to regulatory authorities, including the Securities and Exchange Commission (SEC).
Liability: Corporations and their directors/officers can be held liable for violations of securities laws, fraud, and other illegal actions.
Mergers and Acquisitions: Companies can merge or acquire other entities to expand operations and acquire assets.
Minority Shareholder Rights: Minority shareholders possess specific legal rights to safeguard their interests and prevent abuse of power by majority shareholders.
Dissolution: Companies can voluntarily dissolve or be dissolved by regulatory authorities for non-compliance with laws and regulations.
If you require guidance on U.S. corporate law, I am here to assist you. As a corporate attorney in Miami, Florida, I possess the expertise and knowledge to navigate the complexities of U.S. corporate law. My firm has received excellent ratings on AVVO, and I maintain a 5-star rating on Google, demonstrating my commitment to delivering exceptional legal services to clients. If you're interested in learning more about how I can support your U.S. business legal needs, I invite you to schedule a consultation with me today.
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