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How Many People Do You Need to Form a Corporation?

In most states, you only need one person to form a corporation. Other state requirements vary, but usually no more than three are required to legally incorporate. An S corporation design is meant for ...

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What are Corporate By-Laws?

Corporate by-laws are a corporation's operational blueprint. By-laws outline the structure of an organization. They should be customized for each situation. By-laws set forth the rights and powers of ...

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S Corporations vs. C Corporations

C corporations and S corporations are different legal structures of the corporate business entity. While both structures are initially formed exactly the same way and have many similarities, there are...

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What is Monopoly Power Under the Sherman Act?

Most legal terms or phrases have statutory definitions and interpretations by case law'the term monopoly power under the Sherman Antitrust Act is no different. What is formally monopoly power and what...

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What is Price Fixing?

Price fixing is a conspiracy between business competitors to set their prices to buy or sell goods or services at a certain point. This benefits all businesses or individuals that are on the same side...

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What is a Limited Partnership?

A limited partnership (LP) is an association of one or more general partners together with one or more limited partners to conduct business for profit as co-owners. The most important feature of a lim...

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What is a Franchise Business?

A franchise business is a business in which the owners, or franchisers, sell the rights to their business logo and model to third parties, called franchisees. It is hard to drive more than a few block...

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What Do Most Franchise Businesses Have in Common?

There are many commonalities between one franchise business and another. One basic commonality is the method by which the franchise owners and buyers do business. The owner of the franchise business, ...

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How To Franchise a Great Business Idea

A franchise idea is a great way to expand your business, as it is an opportunity to get your idea out there without having to assume the risks and come up with the capital all by yourself. When you fr...

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How to Win a Defective Product Lawsuit

If a consumer product you purchased has injured you, you may be able to file a claim against its manufacturer. Find out when you should file a defective product lawsuit against a manufacturer....

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What is an injunction?

An injunction is an order issued by a court that forces the defendant - a person, corporation or government entity - to do something or stop doing something, depending on what the plaintiff is request...

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Is Social Security taxable?

Social security is taxable under certain circumstances. These circumstances depend on both an individual's annual yearly income and his or her marital status. Generally, if Social Security benefits ar...