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Directors' Ignorance of Corporate Affairs

To carry out fully their duties and responsibilities to shareholders and the corporation, directors must be reasonably familiar with the workings of the corporation and have a general knowledge of how the corporation conducts its business. Directors are not expected to have superior knowledge about all business and financial aspects of the corporation, but they are assumed to have competent knowledge of the duties they have taken on when named to the board.

Copyrights, Patents, and Trademarks Defined

Copyrights, patents, and trademarks can be among the most valuable assets of a business.

Exchange Listing and Delisting Requirements for Securities

Exchange Listing and Delisting Requirements for Securities

Mutual Fund Prospectus Comparable Information Requirements

(Mutual Fund Prospectus Comparable Information Requirements)

Small Business Stock Registration Forms

A company that decides to sell its shares to the public normally must file a registration statement with the Securities and Exchange Commission. Before the company may sell the shares, the staff of the Commission must declare the registration statement effective. The basic registration form (Form S-1) includes two parts, including part one, a prospectus or selling document, and part two, additional information required by the Commission that is publicly available but does not have to be provided to investors.