In Idaho, a corporation may be administratively dissolved by the Idaho Secretary of State for three reasons: Failure to deliver an annual report by the date it is due; Failure to have a registered...
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Deadlock in Closely Held Corporations
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...
Closely Held Corporations: Dilution
A corporation is free to create and sell more stock unless there is something in writing saying it may not. Shareholders need to be mindful of dilution of their voting power and ownership when new...
Getting Out of Closely Held Corporations: Put Rights and Rights of First Refusal
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...