Preserving the Corporate Attorney-Client Privilege as Against Investors

Preserving the Corporate Attorney-Client Privilege as Against Investors

In Hyde Park Undertaking Partners Fund III, L.P. v. FairXchange, LLC,[1] the Delaware Courtroom of Chancery presented a precious reminder to corporations and their directors and officers that a company simply cannot assert a privilege, this sort of as the legal professional-shopper privilege, versus its directors or the investors that appointed people directors in litigation…

Read More
Corporate America is Ready for a New Type of In-House Lawyer

Corporate America is Ready for a New Type of In-House Lawyer

To say company has significantly modified in the previous 30 yrs is an understatement. We’ve witnessed considerable improvement in know-how, substantial-speed cellular communications, telecommuting, everyday functioning environments, globalization, and diversity in demographics and considered, to name a couple of. Recall the rolodex? Phone message slips? Floppy disks? And the fax equipment? With these great adjust,…

Read More
Knowing When a ‘Wet Signature’ Is Needed on Corporate Tax Forms

Knowing When a ‘Wet Signature’ Is Needed on Corporate Tax Forms

The question of whether the federal government requires a “wet signature” when submitting an Election by a Small Business Corporation (S election) or a Qualified Subchapter S Subsidiary Election (QSub election) has confused taxpayers and tax practitioners alike—with good reason. ]The question comes up frequently—for example, when forming a new S corporation, forming a new…

Read More