Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Borad of trustees (1)
- Broker (1)
- Canons of Ethics (1)
- Compensation (1)
- Conflict of interest (1)
-
- Control (1)
- Dividends (1)
- Duty to disclose (1)
- Family corporation (1)
- Fiduciary relationship (1)
- Foundations (1)
- Group legal services (1)
- Insider information (1)
- Material fact (1)
- Non-profit corporations (1)
- Reasonable salary (1)
- Rule 10b-5 (1)
- Tax (1)
- Trade associations (1)
- Unauthorized practice (1)
Articles 1 - 4 of 4
Full-Text Articles in Law
Control Of Foundations And Other Non-Profit Corporations, Seth Taft
Control Of Foundations And Other Non-Profit Corporations, Seth Taft
Cleveland State Law Review
Poverty programs, housing projects, a new school, a golf course every new group activity seems to call for a new non-profit corporation. And hardly a day goes by without a new foundation appearing on the scene. Why? Protection against potential liabilities. Perpetuation of support for one's interests. Tax benefits. A requirement to obtain financing. An entity to receive and administer a grant. Ease of using well established procedures. For whatever reason, it's done every day. In Ohio alone, last year, 1,773 non-profit corporations were formed.
Broker-Dealer Disclosure Of Corporate Inside Information, James K. Weeks, Jeffrey V. Mccormick
Broker-Dealer Disclosure Of Corporate Inside Information, James K. Weeks, Jeffrey V. Mccormick
Cleveland State Law Review
The recent decisions in the field of securities transactions do not significantly change the legal standards, but they do create an increased awareness of the problems and the limits imposed upon the financial community. It is well established now that a broker's duties to the investing public take precedence over any conflicting duties to his customers or advisees to whom he only owes a duty not to defraud them or profit at their expense. The broker further has a duty to prevent his clients from profiting at the expense of the uninformed public.
Trade Association Offering Legal Services - A Possibility For Small Corporations, Robert R. Hussey
Trade Association Offering Legal Services - A Possibility For Small Corporations, Robert R. Hussey
Cleveland State Law Review
Small corporations generally belong to a trade association which allows them to increase their proficiency in and knowledge of their industry. As a possible solution to the problem of increasing legal service requirements this paper investigates the suitability of allowing these trade associations to provide legal services to member corporations.
Excessive Salaries In A Closely Held Corporation, Donald J. Zinner
Excessive Salaries In A Closely Held Corporation, Donald J. Zinner
Cleveland State Law Review
Excessive salaries paid by a closely held corporation create a constant debate between the "owners" of the entity and the Internal Revenue Service, and with other corporation members. The basic law as to the tax aspects underlying the controversy, in the Internal Revenue Code of 1954, is substantially as follows: The compensation claimed as a deduction must be reasonable in amount, and must be paid purely for services. Distributions of profits under the guise of salaries are not deductible. This crucial issue leads to the question: What does the word reasonable salary mean in the framework of a closely held …