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articles of incorporation, bylaws, and minutes of organizational meeting) Discussion Questions 1. Nicki and Doug are in the process of forming a corporation. They engage
articles of incorporation, bylaws, and minutes of organizational meeting) Discussion Questions 1. Nicki and Doug are in the process of forming a corporation. They engage the services of a law firm on July 1 to prepare various documents, including bylaws for the proposed corporation. The corporation is never formed. Discuss whether the law firm may recover payment for its services. 2. Assume that the corporation discussed in Question 1 is formed on September 1. What actions Back to page 772 Page 1,003 3 pages left in this chapter APR 8 .... itv MacBook Air9 may be taken to ensure that Nicki and Doug are t 1 relieved of liability for the law firm's services? What B q is the effective date of the contract between the law firm and the corporation? Why? O 3. Indicate whether the following names would likely be valid corporate names: cha a. Home Lending, Inc. rs. b. Federal Home Lending, Inc. c. Home Lending, Inc. dba Budget Home Loans 4. A corporation is formed in Texas and plans to expand into New Mexico, Arizona, and California within two years. What actions should the corpora- tion take to ensure that expansion proceeds smoothly? Back to page 772 Page 1,004 2 pages left in this chapter APR 3 8 .... as tv S 4 MacBook Airnot. Would your answer change if the stock were no par value? Net Worth Access the appropriate website for the secretary of state or for state statutes. 1. What is the fee in Minnesota to reserve a cor- porate name? 2. For how long is a name registration valid in Indiana? 3. What is the fee in Florida to register a name? Back to page 772 Page 1,007 2 pages left in this chapter APR atv S 4 EOBusiness Organization..aralegals, 7th Edition AA Q 4. Is the corporate name "Bennett Furniture Inc." available in Illinois? 5. In Arkansas, is the corporate name "Technol- ogy Ltd." valid? Give your answer and cite the statute that governs your answer. 6. Review the form for filing articles of incorpo ration in Pennsylvania for a profit corporation. a. What is the fee to file the form? b. What information is called for in Section 4 of the form? 7. Access the website for the Delaware Division of Corporations. a. Who is the agent for service of process for Facebook, Inc.? Back to page 772 Page 1,008 1 page left in this chapter APR 8 .. . tv S 4Ition AA Q b. Use the New Company Filing Fee Calcula- tor. What is the filing fee for a company that will issue 90,000 shares of stock with a par value of $ 1.00 per share? 8. Access the website for Google Inc. Select either "Investor Relations" or "Corporate Gov- ernance." Review the company's bylaws. Answer the following questions and indicate which provision of the bylaws governs your answer. a. What is the minimum number of directors the company may have? b. May directors act by written consent? Back to page 772 Page 1,009 Last page in this chapter APR 8 atv 4 EO C
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