You are viewing a single comment's thread from:
RE: Did Steemit Inc have to act by law?
Steem inc would have to be a privately held corp for the funds to be legally transferred the way the have..
Interesting legal arguments due to corp laws.
Steem inc would have to be a privately held corp for the funds to be legally transferred the way the have..
Interesting legal arguments due to corp laws.
It is a privately held corporation.
"Steemit, Inc is a privately held company based in New York City and a head quarter in Virginia founded by Ned Scott and Dan Larimer in 2016. In July, 4th, 2016, the company officially launched Steemit, a social media with virtual currency rewards that runs over the Steem blockchain."
I will talk to son when he gets here later but he will tell me that being private corp, its just like a partnership with some tax advantages. Between the two of them they can hold all the corp officials.
Dan is out supposedly but the mine is still there. Why didn't he take half?
If there is any legal action comming it willl be from Dan who is entitled to what is in the corp bylaws at startup.
I hope that they are working teoghter and not doing the lone wolf thing. LOL someone will have to be first in a crypto lawsuit over entitlement of assets.
One person cannot hold a privet corporation. One person can only hold 2 of the 3 required officers. There is to much that we don’t know yet