Puerto Rico Founders Agreement

State:
Multi-State
Control #:
US-ENTREP-0027-2
Format:
Word; 
Rich Text
Instant download

Description

A founders' agreement is a document created by the founders of a company to establish how the company will function. It is the product of pre-incorporation discussions that should take place among the company's founders before they establish the company. It includes provisions on ownership structure, decision making, dispute resolution, choice of law, transfer of ownership, ownership percentages, voting rights, intellectual property rights, and more.
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FAQ

Voters in the District of Columbia and Puerto Rico have both voted for statehood in referenda. As statehood candidates, their admission to the Union requires congressional approval.

In the early 1880s, Puerto Ricans (at the time under Spanish rule) began to work for independent government. They reached their goal in 1897; however, a year later, Spain ceded the island to the United States under the provisions of the 1898 Treaty of Paris, which ended the Spanish-American War.

1898: The United States gains control of Puerto Rico through the Treaty of Paris, which ended the Spanish-American War. 1900: The Foraker Act reestablishes civilian rule, gives Puerto Rico a resident commissioner, and allows the island to issue bonds.

In addition, an April 2000 report by the Congressional Research Service, asserts that citizens born in Puerto Rico are legally defined as natural-born citizens and are therefore eligible to be elected President, provided they meet qualifications of age and 14 years residence within the United States.

Restoring and hardening Puerto Rico's energy grid remains a top priority for the Biden-Harris Administration, with over $12 billion in Hurricane Maria recovery funding dedicated to building a more resilient and sustainable grid and providing access to good quality jobs.

Puerto Rican citizenship does not exist independently of United States citizenship because Puerto Rico is not an independent sovereign nation. From 1899 to 1952, legislative acts declared most Puerto Rican residents and natives to be United States citizens.

In 2020, Joe Biden stated: ?I happen to believe that statehood would be the most effective means to ensure that residents of Puerto Rico are treated equally with equal representation at the federal level.

The Puerto Rico Status Act authorizes a federally sponsored referendum, known as a plebiscite, to resolve Puerto Rico's political status.

If you're short on time, here's a quick answer: Hawaii was annexed as a U.S. territory in 1898 and became the 50th state in 1959 after a referendum demonstrated strong local support. Puerto Rico has rejected statehood multiple times via referendum.

Puerto Rico is a territory of the United States. It became a U.S. territory in 1898, when it was acquired from Spain after the Spanish-American War. With approximately 3.4 million residents, Puerto Rico is the most highly populated of all United States territories. People who are born in Puerto Rico are U.S. citizens.

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Puerto Rico Founders Agreement