The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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corporations outline Georgetown University Law Center Prof. James V. Feinerman Fall 2012 I. Agency‚ Partnership and Limited Liability Companies 1 AGENCY Agency is a fiduciary partnership that results from the manifestation of consent by one person to another that the latter shall act on the former behalf & subject to his control‚ & consent by the latter so to act. E.g. Shareholders (principals) – officers (agencies). Principal: Has power to dictate how the agent will
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ERP System 15 System Selection 16 The Acquisition System 16 Equipment 16 System Software 17 Application Software 17 External Consulting 18 Internal Work 18 Oracle 11 18 Working of Oracle 11 19 Data Mining 19 The Test Environment for Oracle 11i and the Issues of Testing 20 Average Memory Used By the Oracle E-Business Suite 20 SAP 21 Maximo Inventory & Purchasing Training Workshop 22 Who should attend? 22 Agenda 23 Duration 24 Body 24 1st Interview 25 2nd
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There are many ways a corporation can be classified; however the best way to classify a corporation is by knowing the characteristics that makes a corporation. The unique characteristics of corporations are consist of limited liability of stockholders‚ free transferability of shares‚ perpetual existence‚ and centralized management. In relation to John Marshall who is the chief justice in 1819 defined corporation as an artificial being‚ invisible‚ intangible‚ and existing only in contemplation of
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Characteristics of Corporations Corporations represent an important type of organization. Their unique characteristics offer advantages and disadvantages. Advantages of Corporate Characteristics Separate legal entity: A corporation conducts its affairs with the same rights‚ duties‚ and responsibilities of a person. It takes actions through its agents‚ who are its officers and managers. Limited liability of stockholders: Stockholders are liable for neither corporate acts nor corporate debt
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Corporation by-Laws ARTICLE I Offices 1.1 Registered Office and Registered Agent: The registered office of the corporation shall be the same as listed on the articles of incorporation and at such place as may be fixed from time to time by the Board of Directors upon filing of such notices as may be required by law‚ and the registered agent shall have a business office
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CONTENTS INTRODUCTION INDUSTRY ANALYSIS COMPANY ANALYSIS THEORETICAL ASPECTS DATA ANALYSIS DATA INTERPRETATION ➢ Findings ➢ Suggestions ➢ Conclusion BIBLIOGRAPHY INTRODUCTION When most people think of ethics (or morals)‚ they think of rules for distinguishing between right and wrong‚ such as the Golden Rule ("Do unto others as you would have them do unto you")‚ a code of professional conduct like the Hippocratic Oath ("First of all‚ do no harm")‚ a religious creed
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UV5319 May 10‚ 2010 B CORPORATION: A NEW SUSTAINABLE BUSINESS MODEL “We envision a new sector of the economy which harnesses the power of private enterprise to create public benefit.” —B Lab‚ “Declaration of Interdependence‚” 2010 Introduction Jay Coen Gilbert and Bart Houlahan were friends as undergraduates at Stanford University. In 1993‚ a few years after graduation‚ they helped start the basketball shoe and apparel company AND1. As the company grew‚ cofounder Gilbert and president
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Challenges To Enterprise Systems Manufacturers: Delivering Flexibility‚ Managing Complexity‚ and Providing Optimal Service Challenges To Enterprise Systems Manufacturers: Delivering Flexibility‚ Managing Complexity‚ and Providing Optimal Service THREE CHALLENGES FACING ENTERPRISE SYSTEMS MANUFACTURERS In high tech‚ the term “Enterprise Systems” means large-scale servers‚ storage systems‚ networking equipment and accompanying software primarily targeted toward the Enterprise market. Enterprise
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