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Articles 1 - 6 of 6
Full-Text Articles in Law
Impact Of Recent Tax Stimulants On Modest Enterprises, L. Hart Wright, Jerome B. Libin
Impact Of Recent Tax Stimulants On Modest Enterprises, L. Hart Wright, Jerome B. Libin
Michigan Law Review
The recession year 1958 found Congress in a mood to "aid and encourage small business" through more favorable tax treatment. The thrust of the ensuing legislation touched in varying degrees the whole life span of a modest enterprise, from organization through liquidation. The focus here, however, will be confined to a consideration of the practical impact of the recent statutory changes on the organizational and ordinary operational phases of such a business.
Setting The Price In An Close Corporation Buy-Sell Agreement, David Keith Page
Setting The Price In An Close Corporation Buy-Sell Agreement, David Keith Page
Michigan Law Review
The stockholders of a close corporation may consider it important to keep control of the business "within the family." This can be accomplished through a restrictive agreement, typically one which gives the corporation or the remaining stockholders a first option to purchase the shares of any departing stockholder. The original owners may also wish to guarantee themselves a ready purchaser for their stock when they die or leave the business. This second objective can be attained by adopting a restrictive agreement which places an obligation on the departing stockholder to sell to the corporation or to the surviving stockholders, who …
Trusts - The Fiduciary Aspects Of Estate Corporations, John P. Williams S.Ed.
Trusts - The Fiduciary Aspects Of Estate Corporations, John P. Williams S.Ed.
Michigan Law Review
It is the purpose of this comment to examine the existing law with regard to estate corporations, in the hope of providing a guide for persons contemplating contact with them.
Federal Taxation - Tax Aspects Of Corporate Buy And Sell Agreement, Joel D. Tauber S.Ed.
Federal Taxation - Tax Aspects Of Corporate Buy And Sell Agreement, Joel D. Tauber S.Ed.
Michigan Law Review
It is the purpose of this comment to consider the tax problems connected with both types of "conventional" corporate buy and sell agreements. It should be recognized, however, that there are many questions of local law and business necessity that also exert influence on the use of such agreements.
Corporations - Compensation Of Management - Bonus Plan, Sidney Buchanan
Corporations - Compensation Of Management - Bonus Plan, Sidney Buchanan
Michigan Law Review
Defendant corporation's board of directors adopted a profit-sharing retirement plan which was never ratified by the shareholders. The plan assigned to key employees "units" having a fixed dollar value equal to the current market value of the corporation's common stock. The company promised to pay each unit holder, upon termination of employment, a sum equal to the number of units held times the increase in market value of the stock from the time the units were issued to the date employment terminated or any date within five years thereafter selected by the employee. The right of each unit-holder to receive …
Municipal Corporations - Zoning - Disqualification Of Councilman For Personal Interest, Joel N. Simon
Municipal Corporations - Zoning - Disqualification Of Councilman For Personal Interest, Joel N. Simon
Michigan Law Review
An amendatory zoning ordinance was enacted by the city council of Miami Beach for the purpose of changing the zoning of an extensive area fronting on the Atlantic Ocean from a private residential to a hotel district. The amendment received the required affirmative votes of five of the seven members of the council, including the vote of one councilman who owned land in the area affected by the amendment which would be increased in value by $500,000 because of the zoning change. Plaintiffs, owners of near-by property, filed suit in the circuit court to have the amendatory ordinance declared invalid …