Corporations law

All activities of the company is done with the governance of a person called Director of the company. Director’s duties comes from common law and statue law under Corporation Act 2001.They designed so that director can provide good direction and ensure that they are working for the interest of the company. They do not use their position and information provided to them improperly. Sometime there is the situation of insolvent trading where the director of the company allow their company to incur…

preventing company from incurring debts 4. The directors are preventing the company from insolvent trading. Corporations Act Part 9.4B provides for two types of penal consequences, civil penalties and criminal penalties. Two kinds of civil penalties are prescribed: a pecuniary penalty of up to $200,000 and/or an order banning a person from managing a corporation for an unspecified period.4 Criminal penalties comprise a fine of up to $200,000 or 5 years imprisonment or both.5…

their business. Recent changes to California state law have increased the number of factors contractors should consider when deciding which business organization structure is best for their purposes. If you have been operating as a sole proprietorship/general partnership, recent changes to the law in combination with the real estate boom probably have you wondering what the advantages might be of setting your business up as an LLC or S Corporation (S Corp). You might, as many business owners…

because large scale survey data is not available so researchers have to rely on non-objective crime statistics collected by ‘impartial’ government agencies such as StatsCan or the Home Office which usually yield tiny samples (Snider, 2005; pg 186). Corporations do not want sociologist investigating their business practises, unlike traditional offenders they have the ability to resist such incursions. On the other hand, the justice department for the most part has an inadequate budget for…

careful arguments for the view that humans are acquisitive creatures. 11. Smith believed in the law of supply and demand. 12. There are no operational objections to capitalism. 1. The persons who provide the capital to a corporation are its 1. Executives 2. Beneficiaries 3. Stockholders 4. Directors 1. Modern corporations are, in…

Corporations need to meet the demand of customers or this generation without compromising the ability of the next generation. This requirement and a new role which corporations are supposed to meet is termed as corporate social responsibility, under which the operational impact of the organization should not have a negative impact over the society and it can be supported by the sustainability principles of the better framework (Ammato, 2009). The corporation is discouraged when discovered its…

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…

you believe corporations should have. Explain your answer. The corporation have the responsibility to make our planet a better place to live in, because the massive productions and innovation of the big corporations has sometimes negative outcomes on our planet, the environment, and our community as well. With the advance of technology, lots of their products have negative effects on the environment, and the planet in general. I think that the social responsibility of the corporation is a reward…

political interests onto individuals is a direct result of the FEC case and its improper definition of corruption. The corruption that manifests itself in today’s political arena stems from the increases in independent political expenditures by corporations with limited transparency that magnify the perception of a corrupt political system to citizens. Consequently, in today’s American political environment, perception is reality, because it has been found that as this perception of corruption…

By engaging in misleading CSR practices, companies can obviate the need for government regulation. Several corporations tend to engage in unethical behavior such as child labor, polluting the environment, or exploiting third world countries. Because of the increasing amount of socially aware consumers, companies can no longer partake in such nefarious activity. A variety of corporations would rather continue the dirty work they are doing because it is cheaper and more beneficial for their…