Overland Park Startup Attorneys & Lawyers

When starting a new business, one of the first issues you will have to deal with concerns the choice of business structure. For many small businesses, the two options are S-corporations (S-Corp) and C-Corporations (C-Corp). Understanding the difference between S Corp and C Corp, and the advantages and disadvantages of each, can be confusing. Here’s a look at what you need to know before choosing between an S-Corp and C-Corp for your business.

If you happen to be trying to build a technology startup or large company, here are some reasons why incorporating in Delaware as a C-Corporation would be a good choice.

Remember, if you have any questions or concerns about choosing between an S-Corp or C-Corp, or regarding any other business issues, it’s always a good idea to consult with an expert, like an experienced business attorney.

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What Is Cumulative Voting?

Cumulative voting is a type of voting system used by a company's shareholders that allows them to distribute their votes between candidates when voting for a company's directors. It is also known as proportional voting.

Shareholders get one vote per share that they hold, multiplied by the number of directors that need electing.

Where multiple candidates are running for a position, each shareholder can choose between voting for a single candidate or splitting their votes between multiple candidates.

How Does Cumulative Voting Work?

If a shareholder with 10 shares is participating in a vote for two open board seats, with Candidates 1 and 2 running for one seat, and Candidates 3 and 4 running for the second seat, they would receive 20 votes (10 x 2). The shareholder's options are as follows:

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A Guide on How to Open a Food Truck in California

With lower overhead costs and greater mobility, a food truck can be an exciting opportunity for budding entrepreneurs. However, you must comply with the licensing procedures and food-service laws of each location in which you will be operating.  These laws and regulations can vary between locations, so remember to research your local laws.  This guide sets forth the necessary steps for starting a food truck in California.

1. Create a business plan

Given the unique challenges of a food truck, it is important to create a detailed business plan. &nbsp

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What Is Recapitalization?

Recapitalization (recap) takes place when a company undergoes a restructuring of its financials. When this occurs, debt and equity are re-assessed and re-allotted. The goal, usually, is to improve the company's overall stability or status. It generally occurs with the exchange of one type of financing for another. For example, shares may be exchanged for bonds, and so on.

Recapitalization is the way to organize a corporation's capital structure, including stock ownership and the rights and liabilities connected to each class or genre of stock. For shareholders of a business held together, this type of recapitalization is a nuanced, progressive strategy. In this sense, when undergoing recapitalization, a business is literally reorganizing — rights are being reorganized as they relate to stocks.

Why Consider Recapitalization?

Some reasons for recapitalization include the following:

• To

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How Many Shares Does a Company Have?

Typically a startup company has 10,000,000 authorized shares of Common Stock, but as the company grows, it may increase the total number of shares as it issues shares to investors and employees. The number also changes often, which makes it hard to get an exact count.

Shares, stocks, and equity are all the same thing. A share is one piece of ownership in a company. When you own shares, you are a shareholder. Owning shares in a company gives you the right to your part of the company's earnings and everything it owns. The more shares you own, the bigger the part of profits you're entitled to.

When a company starts up, owners must choose an amount of stocks to authorize. This is the total amount of stocks the company will issue to employees and investors. Not all authorized stocks are issued since some are usually held back for future investing and employee stock options.

Why Do Com

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