CORPORATION VS PARTNERSHIP 1. Creation CORPORATION Created by operation of law; PARTNERSHIP Created by agreement of the parties; 2. Numbers of incorporators CORPORATION Requires at least 5 incorporators; PARTNERSHIP Requires at least 2 partners; 3. Commencement of juridical personality CORPORATION Acquires juridical personality from the date of issuance of the certificate of incorporation by the Securities and Exchange Commission ;PARTNERSHIP Acquires juridical personality form the
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Executive Summary The General Appliance Corporation (GAC)‚ specializing on manufacturing various kinds of home appliances. The GAC was decentralized and it divided into 4 main product divisions‚ 4 manufacturing divisions as well as 6 staff offices. GAC manufactured few component parts and usually bought them from outside vendors. Transfer prices of the parts were negotiated between departments based on outside suppliers’ price. While the purchasing staff had the power to settle disputes when there
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A product is anything that meets the requirements of a particular market‚ this term involves a lot of dimensions because it is essential to recognize what contributes to the “total product offer”1 in order to be successful in the market or simple to keep our customers satisfy. A service is an intangible economic activity‚ not stored and does not result in ownership; Services nowadays are becoming more important and growing faster and consumers are more apprehensive with performance and satisfaction
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Case 3-1: Southwest Airlines Corporation What is Southwest’s strategy? What is the bases on which Southwest builds its competitive advantage? Cost cutting SWAC uses a low-cost strategy. They had the lowest operating-cost structure in the domestic airline industry. Employee satisfaction Together with this strategy‚ they want to achieve customer satisfaction by employee satisfaction. They are famous for their customer and employee relationship. SWAC has been recognized by multiple organizations
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have reached the conclusion that state-centric approaches fail to examine and analyze international elations as they have changed in the past century. The different leakages of the state-centric theories like the fact that states nowadays are multinational and are not constituted by only one nation (Baylis et al‚ 2008) in combination with the existence of other entities in the international arena apart from states has created the need of a theory that acknowledges those facts and tries to explain
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told that Patricia is a director of SEPL‚ and Dan is a director of FPPL they are classified as officers under the CA. 2. S.181 states‚ “Directors must exercise their powers and discharge their duties in good faith in the best interests of the corporation and for a proper purpose” (slides). In this case Patricia has failed to act in good faith of SEPL through advising her sister that SEPL are buying a large amount of shares in FPPL. Because of Patricia’s actions‚ SEPL lost their chance to buy shares
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KINH DO CORPORATION I. Introduction Kinh Do Corporation is Vietnam’s largest confectionary company by both sales and production value. The company was founded in 1993 by a small group of entrepreneurs in Ho Chi Minh City‚ Vietnam; beginning as a snack company. Kinh Do sucesses on snack products opened a new opportunity with the strategy of diversifying product portfolio and affirmed the quality of a Vietnam brand. From a small production facility with sales of only 10 billion in 1993‚ Kinh Do has
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AUSTRALIAN CORPORATIONS LAW Question 1 I THE PROCEDURE BY WHICH A COMPANY CAN BE FORMED The formation of a company‚ known as incorporation‚ is achieved ‘by a process of registration controlled by the Australian Securities and Investments Commission.’ A Pre-registration Requirements The pre-registration requirements are: • The selection of the classification and type of company • The selection of a company name‚ this is optional • Completion of the application of registration using
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American Corporation Analysis All over the United States business is being conducted through the availability of products and services that are offered through the avenues of business; Amazon is no different. Amazon is one of the world’s largest online services for purchasing/selling products. In order for Amazon to maintain its position in the industry knowledge of financial health is important. In order for business owners‚ banks‚ creditors loan officers and potential business owners to understand
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UNIVERSITY OF MARYLAND Smith School of Business BUFN 750 Question Sheet: Congoleum Corporation Prof. Dalida Kadyrzhanova Spring 2013 In this case‚ you have to evaluate the LBO proposal and decide whether the $38 per share o¤er price is appropriate. You will combine the valuation principles and methods discussed in the course to evaluate a complex transaction from the perspectives of the various participants. Your write-up should address and defend the assumptions that underlie the inputs
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