Thomas Mitchell — What Areas of Law Do You Practice?
Video Summary
I’m Tom Mitchell, one of the partners at Waller & Mitchell, and I’m here to talk to you today about my areas of law practice. I do practice in the areas of wills and trusts. That is drafting the estate planning documents, wills and trusts, Power of Attorney, healthcare service and the like.
I also do a lot of guardianship work. I do elder law work, which is helping families plan for the incapacitation of a senior member. And I also have a background in tax, so I do all the tax work here in the office. So if you have a chance, stop by or give us a call at (727) 847-2288.
Thank you.
Thomas Mitchell — What Legal Training Do You Have?
Video Summary
Hi, I’m Tom Mitchell, one of the partners at Waller & Mitchell. I’m here today to tell you about my legal background, specifically where I got my education.
I went to undergraduate at the United States Naval Academy and after graduation I spent a couple of years in the fleet driving ships around. But during that time the Navy decided they wanted to send me back to law school, so I went back to law school at Ohio State. I graduated from there and became a Navy JAG for the next fifteen-odd years. And then just before I was ready to retire, I went back to law school at William & Mary in Williamsburg, Virginia. This time on the GI bill, where I got a Masters in Taxation.
So that’s how I came to be where I am today. Thank you.
Thomas Mitchell — What Made You Want to Be a Lawyer?
Video Summary
I’m Tom Mitchell. I’m with the partners of Waller & Mitchell, and I’m here to talk to you today about why I wanted to become a lawyer.
I was born into a family of lawyers. My dad was a lawyer, and eventually became a judge, and so I was hanging around lawyers and courtrooms pretty much my entire life. And I like helping people, and that’s what I get to do as an attorney. I get to help people try and have positive outcomes from their problems.
Visit us at Waller & Mitchell. Thank you.
What are Director’s Minutes?
Video Summary
What are director’s minutes? Director’s minutes are the minutes of the directors of corporations. The director’s function is to give direction to the management on the corporation (the management being the officers of the corporation). Directors elect who the officers of the corporation are and also make major policy decisions such as opening branch offices and making substantial purchases. If there is a change in the business plan, they adopt that and you incorporate this all into the director’s minutes, as well as election of the officers each year.
Many times the directors, the officers and the shareholders are all the same when you have a small corporation. However, if you want to be treated as a corporation you need to act like a corporation and one of the functions is to have directors minutes as well as shareholder minutes. The directors are elected by the shareholders and we have shareholders minutes. Once the directors are elected, the directors then elect the officers. The shareholders don’t directly elect the officers of the corporation. So you need to have two sets of minutes each year to keep your corporation operating and appearing that it is serving as a corporation. Otherwise, it can be disregarded or unprotected if it is sued, which is the reason why people like to have corporations.
There is protection of their individual asset from those who make a suit to “pierce the corporate veil”. One of the first things they ask for is to look at your corporate record book to see if you do have directors minutes and shareholders minutes and to see if you’ve been conducting business as a corporation (or whether you’ve just been writing checks out to pay your utility bills and treating it as a paper entity.) So if you have any questions about your corporation, directors minutes or shareholders minutes give me a call at (727) 847-2288. Thank you.
- Published in LLC's and Corporations, Videos
Corporate Law Video Index
- How Does Month to Month Tenancy Work, and How Much Notice Is Required to End It?
- How Do I Convert My Sole Proprietorship into an LLC?
- How Can I Protect Myself from Real Estate Title Fraud or Deed Scams?
- If I Plan to Renovate or Build on the Property, What Permits or Legal Approvals Do I Need?
- Should I Name a Corporate Trustee Like A Bank or Trust Company or an Individual Trustee?
- Could Land Use or Zoning Rules Limit My Business on the Property?
- How Do I Write Corporate Minutes?
- What Legal Documents Should Everyone Have?
- What if I Forgot to File My Florida Corporate Annual Report?
- Who Must File A Florida Corporate Annual Report?
- Do I Need A Lawyer To Establish An LLC In Florida?
- What Considerations are involved in a Corporate Stock Acquisition?
- How Do I Write Corporate Minutes?
- What Do You Mean By Corporate Minutes?
- When I Buy a Business, Am I Buying the Debts?
- Why Do I Have to File Corporate Minutes?
- What Do I Need to Do to Start a Business?
- What Steps Should I Take When I Want To Form An LLC?
- What Steps Should I Take If I Want To Buy A Business?
- Corporate Law Video Index
- Why Should I File an Annual Report?
- What are Director’s Minutes?
- What are Corporate Minutes?
- Do I Need to Keep Corporate Minutes?
- Published in LLC's and Corporations, Videos