Corporation

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  • The Corporation Documentary

    “The Corporation” documentary by Mark Achbar, Jennifer Abbott & Joel Bakan shows that businesses are dishonest to the people to continue earning more revenue while the people are getting sick. The film also shows how corporations cause health problems and environmental issues by using unethical methods to obtain additional profit. This documentary examines the history of the corporation and the role they play in society. The main point throughout the documentary is that competition is important. Monsanto is a corporation that produces artificial designs as well as synthetic hormones that are found in food and drinks. So, the company makes harmful chemicals to put in foods and drinks because of the profit that they could make. Walmart has factories…

    Words: 1931 - Pages: 8
  • Essay On Corporations In America

    While corporations supply most needs of Americans, most people in this country still hold the out-of-date image of corporations as self-exploitation of the small proprietor. This is out of date, for things are beginning to change, as the corporate economy in America is effectively dominated by large corporations, since technically there is no monopoly. As a result, this fact about corporations is going to have some complicated but also far-reaching impact on America’s economy. This is owning to…

    Words: 483 - Pages: 2
  • Beta Corporation Case

    In response to learning activity 1 question 1, I agree that Beta Corporation is the principal. It is clearly stated in the text that “under corporation law the officers and all employees are agents of the corporation” (Advanced Business law and the Legal Environment, 2014, pg. 1325). However, I do not agree with your evaluation of the employees as principals. Arnold, Carol, Dave, and Erin are all agents of Beta Corporation. However, I may be inclined to argue that Carol, Dave, and Erin are all…

    Words: 478 - Pages: 2
  • Beta Corporation Case Summary

    Issue 1: • Does Beta Corporation continue to qualify for the S corporation election even though Juan no longer owns 100% of Beta corporation’s stock (as of June 30th of Year 2)? Conclusion 1: • Yes, Beta Corporation still qualifies for the S corporation election because it continues to fulfill the requirements for an eligible small business corporation, regardless of the change in stock distribution. Analysis 1: As defined in Sec.1361(a)(1), an S corporation is an “eligible small business…

    Words: 732 - Pages: 3
  • Xyz Corporation Case Summary

    Relevant Facts Mr. Smith bought a gas station which had no known groundwater or soil contamination issues at the time of purchase. Sometime after operated the gas station an issue of groundwater and soil contamination was determined to potentially exist. In response to the potential groundwater and soil contamination issues Mr. Smith elected to form a new corporation (XYZ) and performed a 351 transfer of the gas station and accompanying liabilities to the new corporation. It is assumed that…

    Words: 452 - Pages: 2
  • Folke Corporation Case Study

    acquired.” If the Folke Corporation meets these two elements, then they can be held liable for Mr. Regan’s injuries. These two elements are: (1) “the virtual destruction of the plaintiff’s remedies against the original manufacturer is caused by the successor’s acquisition of the business”; (2) “the successor has the ability to assume the original manufacturer’s risk-spreading role.” The Folke Corporation meets one of the elements of liability through this exception because…

    Words: 1107 - Pages: 5
  • S-Corporation Case Study

    A S-Corporation is a closely held corporation that makes an election to be taxed under Subchapter S. Generally, S-Corporation is pass-through entity, which means the corporation’s income and losses passes through to you and you must report those on your individual income tax returns. S-Corporation shareholder who is actively engaged in the business is owner/employee. As an employee, you receive compensations for your services and are only personally responsible for 7.65% social security and…

    Words: 432 - Pages: 2
  • Testra Corporation Case Study

    Privatization is a progression which transforms a government owned entity /business ,issued a commercial license which is open to competition and finally transformed into private ownership. In the Australian history Telstra Corporation limited was the largest public share issue by common wealth government and was the continuation of previous successful privatizations by the govt.held in 1990s, keeping in mind the growth and progress of Australian economy by this massive arrangement 1.…

    Words: 375 - Pages: 2
  • Partnership, S Corporation And C Corporation: Case Study

    Sally Moolchan Tax Issue What are the tax consequence of distributions as applied to partnership, S corporation and C corporation? Conclusion The United State Internal Revenue Code was created to combine all the various laws relating to tax revenue into one concise document. It provided a simplify tax system for individual and business taxpayer. These tax codes help in determining the amount of tax you are required to pay and provide the basis for everything on your tax return. The IRC provided…

    Words: 1921 - Pages: 8
  • The Pros And Cons Of A Multinational Corporation

    "Multinational corporations do control. They control the politicians. They control the media. They control the pattern of consumption, entertainment, thinking. They're destroying the planet and laying the foundation for violent outbursts and racial division." (Quotes on MNC, Brainy quotes) But, what is a multinational Corporation? A multinational Corporation, also called an MNC, is a corporation that has its facilities and assets in at least one country other than its home country(Multinational…

    Words: 1357 - Pages: 6
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