Durkin & Durkin, LLP - Untitled 2

Formation and Operation of a Nonprofit Corporation

Nonprofit corporations are a useful tool for organizing for charitable, educational, religious, literary, or scientific purposes while reducing the risk of individual liability in accomplishing those goals. A nonprofit corporation is often...

Regulation of the Price of Mutual Fund Shares

The Securities and Exchange Commission requires that open-ended mutual fund shares must be sold at their net asset value per share plus allowable sales charges or fees. Under Rule 22c-1 of the Commission, an issuer, underwriter, or dealer may not...

Initial Public Offerings & the Securities Act of 1933> Registration of Securities> Registration Statement Filing

Whether a company should "go public" by issuing and selling its shares to the public is a question that may merit periodic evaluation by new or private companies. Going public has positive and negative consequences that should...

Basics of the Agency Relationship

Business often is conducted by agents who act for others. For example, insurance policies may be sold through agents. Agencies also exist in relationships between guardians and wards, employees and employers, estates and executors, and partners. ...

Stock and Commodity Exchange Volatility Controls

Stock exchanges such as the New York and American Stock Exchanges and trading facilities such as Nasdaq are considered self-regulatory organizations under federal securities laws. To reduce volatility, securities and commodities markets have...