Corporations—What to do After Filing the Articles

Mr. Roth will share his thirty-one years of experience as a tax and business advisor in how to properly form and maintain corporations. Some areas to be covered are:

• Reasons to operate as a corporation
• Legal, tax and management structures
• Differences between for-profit and non-profit corporations
• Fiduciary duties of directors and managers
• The Organizational Meeting—step-by-step and the reasons why
• Bylaws and other corporate documents—what to include in them
• Issuing stock and voting rights
• Essential formalities for tax benefits and asset protection
• Loans versus capital—a Tax Court case example
• Subchapter S elections and late filings
• Legal standing and California issues
• Treatment of vehicles and home offices used in corporation businesses
• Reasonable compensation and distributions
• Setting up an accountable reimbursement plan
• Corporations formed outside California and nexus issues
• Annual and special meetings—notices, minutes and resolutions
• Amending articles and bylaws
• Adding or subtracting shareholders and transfers of ownership
• Dissolving corporations and shareholder liability

Presented by: Randy Roth