Business Law area
Legal advice on corporations, partnership law, limited liability, soho, trademark, copyright, business agreements and disagreements, contract law, legal forms and general business issues. This area of law also covers: Antitrust law, Company law, Competition law, Consumer law, Contract law, Copyright law, Corporations law, Intellectual property law, Patent and Trademark laws. Need to talk to a lawyer? Our lawyers from the U.S. and 26 countries are available online 24 hours a day. Click "ASK OUR LAWYERS" above!
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By WORLDLawDirect [May 7th, 2012]
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FAQs
Your most common questions answered:
- How are bankruptcy proceedings started?
- [March 9th 2008]
- A debtor can voluntarily enter into bankruptcy proceedings, or proceedings can be initiated by the creditors. Proceedings that are initiated by the creditors are referred to as "involuntary bankruptcy."
- Why does it matter in which state a corporation is established?
- [April 13th 2010]
- A corporation is seen as a resident of its state of incorporation, and that state's corporate laws govern the corporation. Delaware is a popular state for incorporation because its corporate laws are especially well-developed and its courts well-versed in corporate law.
- What happens when a business goes into bankruptcy?
- [March 13th 2009]
- There are two types of corporate bankruptcy proceedings: Chapter 7 and Chapter 11. Under Chapter 7 proceedings, a business's or individual's assets are liquidated to pay outstanding debts. Under Chapter 11 proceedings, a corporation's debts are restructured, and the corporation is allowed to continue in business.
