Corporations law

Business is to Increase its Profits, Milton Friedman argues that the only duty of a company towards society, referred to as a social responsibility, is to work towards the best interest of its owners; usually to maximize profits within the confines of the law . As a company is not an intelligent being, Friedman uses corporate executives as the primary subject of most of his arguments. As an employee of a firm’s owners, an executive is under legal obligation to serve them as a custodian of their…

Corporate governance is the way a corporation polices itself. It is the one of method governing the company such as a sovereign state, instating its own customs and laws to its employees from highest to lowest level. The corporate governance is to increases the accountability of the company and to avoid bad things happen. Well executed corporate governance should similar to a police departments internal. The company also hold meetings with internal members, such as shareholders and debt holders,…

It goes without saying that corporations have a huge impact on society, they define the city skylines with their high rise buildings and provide the very products we need for our everyday life. However, the fact remains that corporations exist to be a money making tool for its owners. Many corporations are run based on the theory of shareholder primacy which postulates that the management of a corporation has one duty-to maximise shareholder dividends (Hall et al., 2008). Now, there really isn’t…

Advantages:- 1. As the corporation are well known’s, so they attracts the investment for their well established names. 2. Owner can become employee of the company and can enjoy the benefits such as reduction in health fees or etc. 3. It can have various classes of shares unlike in S corporation. Disadvantages:- 1. Fees of registration, agent fees and other legal fees which are huge in amounts have to be paid. 2. Different formalities and laws have to be followed unlike in other forms of…

However, regardless of certain drawbacks, a Limited Liability Corporation is the ideal choice for this venture, since limits personal liability and taxation and allows room for the growth of the business (Business Form…, n.d.). Next, I must investigate which topics must be considered as part of the feasibility study…

Introduction The article, “Creating Shared Value” argues that a company’s success and social growth are interdependent, and seeks to directly address the effort of regaining trust in corporations and business in the modern age. The article postulates that there are three ways to create shared value: redefining commodities and markets, reconceiving productivity in the value system, and empowering local cluster growth. The authors also argue that the creation of shared value is fundamental to…

Common law system is a system which is generally in the countries which were British colonies or protectorates, including the united states. They got the common law when they were the colonies of the British empire. Now many countries are following this system. Feature of the Common law system:  Decisions of the higher courts are binding on the lower courts-the decision can be changed only by same jurisdictions court or parliament.  Less freedom to lower courts for decisions. A common law…

to the customers .The products fail to produce good result .Imagine what would be the condition of the company with so much adverse impact B. Describe the organizational forms a company might have as it evolves from a start-up to a major corporations. List the advantages and disadvantages of each form. SOLE PROPRIETORSHIPS
 A sole proprietorship is a business owned and managed by one individual. A sole proprietorship is not a legal entity. It refers to an individual who owns the…

Legal responsibilities of a company can be described as obeying local, state, federal and relevant international laws. These laws can cover the range of requirements. For Google, this could be following privacy laws that protect the integrity of the users or even tax return. A different aspect in the pyramid is the ethical responsibilities that a company follows as a moral code. Companies do the efforts to do what…

Friedman touches on how corporations must embark on charitable activities in which do not directly generate revenue in any form. (Schrempf-Stirling, Palazzo & Phillips 2015) Secondly, Friedman expressed his view upon the need to stay within rules of the business game, focusing on…