If you are considering filing articles of incorporation to achieve corporate status for your business, browse the following articles for more detailed information on the laws that govern the creation and management of corporations to determine whether a corporation is the best form for your business. Shareholders are the owners of the company and elect the board of directors, who in turn oversee and direct corporation affairs and decision-making but are not responsible for day-to-day operations.

There are several methods employed by small groups of stockholders to gain control of large corporations. These include pooling of the majority of stock in the hands of trustees having the power to vote it and the use of proxies (agents for the actual stockholders pledged to vote for particular candidates for managerial positions) , e.g. http://home-investments.com/library/comparative-corporate-governance-international-corporate-law-and-financial-market-regulation. Notwithstanding the provisions of subdivisions B 2 and 5, in any case in which the will, trust agreement, or other instrument under which a fiduciary purports to act contains directions for the voting of membership interests in any corporation, or for the execution and delivery of proxies for the voting thereof, such directions shall be binding upon the fiduciary and upon the corporation if a copy thereof has been furnished to the corporation Butterworths Company Law Handbook (Delete (Butterworth Handbooks)). S. § 5323 (relating to service of process on persons outside this Commonwealth). (c) Limitation.--Any action to enforce this subchapter shall be brought within two years from the date any profit recoverable by the corporation was realized. 1990 Amendment ref.: dialysiswashout.com. In addition, an S corporation does not have to convert to a corporation to issue public equity (although its S corporation status will have to be terminated prior to such an event). As a practical matter, an LLC will need to transfer its assets to a new corporation or merge with a new corporation before entering the public equity markets because investors are more comfortable with a “typical” corporate structure , cited: http://blog.gottahave.com/?freebooks/the-company-lawyer-2014-bound-volume.

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