Capital Structure-Debt vs. EquityGenerally speaking, corporations raise capital through debt or equity or a combination of both. Equity investments—the purchase of shares issued by the corporation—involve...
Choosing the Business EntityThe selection of a type of business ownership is a decision that a person should make, in consultation with an attorney and an...
What is stock in a corporation?Capital StockThe defining characteristic of a corporate legal structure is that its ownership is in the form of stock. The “capital...
Elsewhere on this website and blog post, we have argued that majority shareholders and corporations owe fiduciary duties to minority shareholders in the context of a...
Corporations are so ubiquitous that it is surprising that they are a relatively recent legal development. Here is a history of the development of the Texas...
Ownership interests in a for-profit corporation must be evidenced by a share certificate, unless otherwise provided by the governing documents of the corporation or by resolution...
What is a corporation? How is it different from a partnership? What are the legal obligations?Attributes of the corporate entityThe corporate structure allows the owners of...
Texas law recognizes “the property right which a share in such a company creates.” Yeaman v. Galveston City Co., 167 S.W. 710, 719 (Tex. 1914). In...
PromotersThe role of the “promoter” is a bit of an anachronism under the Business Organizations Code. Dean Hildebrand defined a promoter as “one who brings together...
In prior blog posts, we have dealt with the issue of shareholder oppression that ends in a stock redemption. While generally majority shareholders do not owe...
