| Limited Liability Company Basics |
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| The limited liability company form of doing business combines some of the best features of the corporate and partnership forms of doing business. Generally, members of a limited liability company enjoy protection against individual liability enjoyed by shareholders of a corporation. At the same time, members of a limited liability company are taxed only once on income to the business when that income is passed through to the members. More... |
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| Reporting Requirements for Public Company Insiders |
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| Officers, directors, and beneficial owners of more than 10 percent of the shares of a public company must report their ownership of shares of the company to the Securities and Exchange Commission. Company officers and directors are considered corporate insiders. Beneficial holders of more than 10% of a class of a company's equity securities registered under Section 12 of the Securities Exchange Act also are considered corporate insiders. Such insiders are required to report their holdings to the Commission when they first acquire company stock and when changes in their ownership occur. More... |
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| Federal Trade Commission Competition and Consumer Protection Authority |
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| The U.S. Federal Trade Commission is given broad authority in the areas of competition and consumer protection law by Section 5 of the Federal Trade Commission Act, 15 U.S.C.S. § 45. Section 5 declares unlawful any "[u]nfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce," and Section 5 gives the Commission authority to prevent use of unfair methods of competition and deceptive acts or practices.More... |
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| Insider Trading |
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| (Bounties for Persons Reporting Insider Trading)More... |
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| Contractual Liability |
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| CONTRACTUAL LIABILITY More... |
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