Willits Business Lawyers
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Legal Services Offered by Our On-Demand Willits Business Attorneys
Our experienced Willits business attorneys & lawyers handle both transactional matters and litigation involving business and commercial disputes. The business attorneys found on UpCounsel offer a broad range of practice areas relevant to small businesses and their owners, including Business formation, Commercial transactions, Employment law, securities, litigation, contracts, taxes, intellectual property protection & litigation, and much more.
If you are looking for a top rated Willits business attorney that charges reasonable rates for quality work, you have come to the right place. The average business attorney in Willits for hire on UpCounsel has over 10 years of legal experience in a variety of business law related areas to best help you with your unique business legal matters.
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- 5 min read
What is Convertible Preferred Stock?
Convertible preferred stock is a type of preferred stock that gives holders the option to convert their preferred shares into a fixed number of common shares after a specified date. It is a hybrid type of security that has features of both debt (from its fixed guaranteed dividend payment) and equity (from its ability to convert into common stock).
All stocks represent a portion of the ownership of a company. They can be divided into different types. Common stock is the most common, as the name suggests, followed by preferred stock.
Preferred stock can also be further divided into different types, including cumulative preferred, callable preferred, participating pre
- 6 min read
The Delaware LLC Act governs the limited liability company structure in Delaware. The structure is essentially a hybrid of the best features of both corporations and partnerships and the owners are called “members.” If you incorporate under the Delaware LLC Act, you do not need to have an operating agreement, though you may have an agreement that governs some of the affairs of the limited liability company. Delaware has some of the strongest protections from liability for owners in the country, which is just one of the many reasons people choose to form a company in Delaware.
Why is the Limited Liability Act Important?
The main reason the Delaware LLC Act is important is that it is treated as a partnership for tax purposes, but provides the protection that a corporation offers. LLC’s in Delaware are one of the most popular entities filed, Other important features are that the owners and managers of an LLC are not personally liable for ob
- 5 min read
Pre-Money Valuation: What Is It?
Pre-money valuation (PMV) is the initial value of a company before any type of investment. The capital a business receives after its pre-money valuation is called post-money valuation.
Why Is Pre-Money Evaluation Important?
- PMV determines the value of company shares.
- Through PMV, an investor can determine the value of a company's shares.
- Through PMV, anyone can calculate the total value of a company.
- Using PMV, the parties involved with an investment can determine how much of the company each party controls after the investment.
How Pre-Money Evaluation Works
Think of PMV as a simple calculation that investors use to weigh the value of becoming a shareholder. A company with a PMV of $10 million that has 1 million shares has value of $10 per share. When an angel investor offers to add $5 million more, the company's worth increases 50 percen
- 4 min read
Double Taxation: What Is It?
Double taxation is when income or profits are taxed twice. It is usually used in reference to when income taxes are paid twice. This may happen when profit is taxed on the corporate level and then again as income on the personal level. Although this situation can appear unfair, it arises because a corporation is considered a separate legal entity from its shareholders.
There are some who argue that double taxation is necessary to prevent wealthy individuals from avoiding taxes by paying their salaries via company dividends received from owning stock. Others argue that since the US corporate income rate is 39.1 percent, the highest in the developed world, double taxation stifles investment and provides incentives for corporations to finance investment by borrowing money. Many countries, including Estonia and Australia have integrated their tax code in order to avoid double taxation.
- 4 min read
What Is Paid-In Capital?
Paid-in capital (PIC) is the amount of capital investors have "paid in" to a corporation by purchasing shares in exchange for equity.
A paid-in capital account does not show the individual contributions of each investor, just the total amount provided by all investors.
The primary market is the part of the capital market that issues new securities. It is through the primary market that people invest in a corporation by purchasing stock, raising the corporation's PIC figure.
Stock purchased in the open market from other stockholders (secondary market) does not affect paid-in capital.
Additional Paid-In Capital
Paid-in capital can also refer to a balance sheet entry, often listed under stockholder's equity. Additional paid-in capital (APIC) is also known as capital surplus or share premium. These entrie