Deadlock in a closely held corporation stops a business in its tracks. Deadlock happens when a key decision can not be made because there is not enough votes to make the decision. This occurs most often in two situations.
Shareholders of closely held corporations should consider whether additional shares can be sold. A corporation is free to create and sell more stock unless there is something in writing saying it may not.
Shares in a closely held corporation are typically not marketable. Very few investors want to become a shareholder in a closely held corporation. This creates the problem of determining how a shareholder can get out of a closely held company at a fair price. One way to deal with this problem is a put right along with a right of first refusal.
Idaho Code allows the shareholders of a corporation to sign a shareholder agreement. Idaho Code § 30-29-732. A shareholder agreement may address many different aspects of corporate governance.
On February 22, 2018, the Supreme Court declined to take up one of the key DACA cases before it has worked its way through the lower courts of appeals. The Trump administration had requested that the Supreme Court take the unusual step of permitting their appeal of a January 9, 2018 federal judge ruling, requiring the government to keep DACA open for renewals, to bypass the lower courts of appeals and proceed directly to the Supreme Court.
Cap season is upon us. What is cap season exactly? It’s the time of year when employers seeking to hire foreign professionals for “specialty occupations” prepare and send their petitions to USCIS for a limited number of H-1B visas. There is currently an annual cap of 65,000 regular H-1B visas and an additional 20,000 H-1B visas for individuals with U.S. master’s or doctorate degrees.
It’s a snowbird’s worst nightmare: returning home after an extended absence only to discover that squatters have moved in. The nightmare goes from bad to worse when the police advises the squatters have rights and cannot be forcefully removed. The only option: file a lawsuit to get the squatters out. As anyone who has been through full blown litigation knows, it is a long and expensive process.
The notice and opportunity to repair act prohibits an owner from suing a “construction professional” without first providing written notice of a claim. Idaho Code § 6-2503(1). The written notice must describe the claim in “reasonable detail.” Id. If the notice is not given before a lawsuit is filed, the lawsuit must be dismissed. Id. When the notice is served, the statute of limitation is tolled (i.e., it stops). Id.
With all the news lately about DACA and the fight to protect Dreamers, you might find yourself about bit confused about what exactly a Dreamer is or what someone means when they say DACA. Don’t worry, you’re not alone.
On January 9, 2018, U.S. District Court Judge William Alsup in San Francisco issued a decision that partially revived DACA, a program established by a 2012 executive order by President Obama and rescinded on September 5, 2017 by President Trump. DACA, or Deferred Action for Childhood Arrivals, offers an employment authorization document and protection from deportation to undocumented immigrants who were brought to the U.S. as children and meet a variety of other eligibility criteria. Participants in the program are often referred to as Dreamers as their eligibility for the program demonstrates a continued commitment to pursuing the American Dream. These Dreamers, nearly 800,000 in total since 2012, are young people who are educated in the U.S., do not have significant criminal convictions, and for the most know no other country but the U.S.