Overland Park Startup Attorneys & Lawyers
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Craig Effrain, Esq.
- When Can a Company Go Public: Everything You Need to Know
- How to Close a LLC: Everything You Need to Know
- Interview Process: Everything You Need to Know
- Is My Business Liable for My Personal Debt?
- Board of Directors Meeting Minutes Requirements
- Corporate Resolution
- Convertible Note Purchase Agreement
- Inc vs LLC: Everything You Need to Know
- How to Calculate Forced Sale Value: Everything to Know
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Overland Park Startup Lawyers
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How to Start a Food Truck in California
- 7 min read
Updated July 6, 2020:
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 tr
- 5 min read
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
The difference between a C corp and an S corp is important for those planning to incorporate their business. While the default formation is a C Corporation, S corporations have a special IRS tax status. Here’s what you need to know about their key differences.
Understanding Corporation Basics
So what are S corp and C corp? This guide will break down the differences between a C corp and an S corp, helping you to determine which business model is best for you. Check out also our article on
How Many Shares Does a Company Have?
- 5 min read
Updated June 24, 2020:
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 i