Corporation

An evaluation will be made to demonstrate how Jeb’s personal creditors would be able to collect on his debts and to seize the assets and/or profits from Arcadia Sports based on whether each business is a sole proprietorship, partnership, a corporation, and a limited liability company. First, under a sole proprietorship, Jeb’s creditors would be able to seize all of his personal assets, his home and all of the profits from Arcadia Sports. The reason for this is that a sole proprietorship is…

CSR is corporate social responsibility. By the abbreviation, CSR means corporation becomes responsible towards society. The actual definition of CSR is not yet clear. But according to E U Commission [(2002) 347final:5] “CSR is a concept where by companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis”. CSR is based on the concept of do “good business” for a good society- today and for the next…

as well. As society continues to become more involved in social rights and the advancement of all people, corporations have become increasingly more responsible to take action against poverty in order to maintain the public 's support. Efforts have been made by numerous corporations to provide more resources to those that are in poverty, especially in the communities in which the corporation conducts its business. The change to the increasing mindset to help decrease poverty, in the private…

To understand the contribution of shareholder primacy to the financial crisis of 2008, it has to be defined first. Berle describes shareholder primacy as “the view that the corporation exists only to make money for its shareholders.” (qtd. in Stout 1189). The premise of shareholder primacy is to always operate in the interests of shareholders even though they are not the only group of corporation's constituents. Stakeholders consisted of employees, consumers, suppliers and creditors are another…

the long-established history that surrounds tire manufactures’. Due to my lack of knowledge of Goodyear corporation, I only assumed they were the largest tire corporation in America. And we all know assumptions leads apprehensive thinking; Matthew 7:1 - Judge not, that ye be not judged (King James Version). Your assignment forced me to research even harder, I quickly learned that this corporation is the third largest manufacturer of tires in the world after Bridgestone and Michelin and the…

corporations have to navigate to move their tax home overseas. “Section 7874 require companies that are seeking to change their parent companies 's country of incorporation to have 25 % of their employees, property, and income in that foreign country” (PWC). If they do not fit these requirements the new parent will be treated as a domestic corporation for US tax purposes, and the corporate inversion would be considered a failure…

closed corporation there are countless advantages. ii. There is separate legal identity meaning the corporation can sue in it’s own name or buy, own and use it’s own real/personal property. iii. There is asset protection meaning the company has limited liability and whoever does business with the corporation must satisfy any obligations owed to them. iv. There is perpetual existence meaning if the owner of the sole proprietorship dies the business will not cease to exist. Once the corporation…

results from their actions upon a community, a corporation, even stock holders nationwide. Some steal pennies, while others out right take everything. Corporate fraud, a white collar crime has been legally dissected and evaluated for years. The use of corporate guidelines and government regulations has always been embedded into corporate legalities and business plans. The more modern concern is the safeguards and protocols set in place for corporations have many “Catch 22’s” that in one way…

Collins argued that the contract was ultra vires, which means the contract is “beyond the powers”, thus illustrating that any powers exercised by an officer of the corporation are limited by the constituting, any act outside the limitations are considered ultra vires. Likewise, Collins constructed the lawsuit on the grounds that the construction on the land and building are beyond the power of the board of directors. While Collins believes the contract was on the basis of ultra vires, he did not…

A limited liability company is a hybrid business organization that takes the limited liability aspects of a corporation and merges them with the tax benefits and operational flexibility associated with a partnership. The Commonwealth of Virginia defines a Limited Liability Company or LLC as an entity that is an unincorporated association having two or more members that is organized and existing under the Virginia Limited Liability Act. § 13.1-1002. In the Commonwealth, the first step in…