Corporations law

Jones has the opportunity to change the election of his current sole proprietorship to an S-corporation. However, he also has the options of liquidating the business as it currently stands or make the election and then liquidate the business as an S-corporation. The business assets contributed to the used car dealership belong to the sole proprietor, Mr. Jones. Liquidating the used car dealership requires Mr. Jones to repay…

1a. A nursing home facility is the service my business will provide. I chose this service because a nursing home facility is a business that’s in growing demand, to help the elderly with their everyday needs, and to provide great care for the elderly. 1b. Two factors that could cause my business to be successful are a great team of employees and a leading management team. Having a great team of employees will make the day-to-day operations flow smoothly. If management behaves poorly and does…

The C Corporation will have to incorporate in each state that it operates in as required by the laws of each state. • CONVENIENCE/BURDEN – The convenience of a Corporation is its ability to raise money by simply selling shares. The burden of the Corporation is its complex reporting and double taxation. S-CORPORATION • LIABILITY – The liability of an S Corporation is similar to the C Corporation. It is limited to shareholder investment…

After researching this case, I believe there may have been a potential corporate crime occurring. According to Clinard and Quinney, “Corporate crime are offenses committed by corporate officials for their corporation and the offenses of the corporation itself” (Friedrichs, p. 60). Corporate crime has gone unpunished because for a large amount of time crimes that are labelled corporate crime were not illegal, such as unsafe environmental practices, and in this case, corporate violence against…

for a corporation is firmly required and regulated by the ASIC, ASX and other authorities such as Australian Taxation Office. The company must provide all the information including financial performance and note disclosure to the public, shareholders and related authorities with increasing in operating cost. For instance, the company have to hides an auditor to audit the financial statements according to Australian Accounting Standard Board (AASB). Conclusion Both partnership and corporations…

phenomenon; it has exponentially risen in scale over the past several decades. Corporate Political Action (CPA) is no longer subtle and neither is public opinion. A recent CBS poll shows that 84 percent of the public express a lack of confidence in corporations and another 67 percent view corporate executives as dishonest. Furthermore, 38 percent of respondents view “Big Business” as the greatest threat to the country, second only to “Big Government” (Ciulla, Martin, Solomon 2007, 514). This…

which run the daily operation. A key function of corporate governance is to determine how power is distributed between these groups to ensure the company runs fairly. Most broadly, corporate governance affects not only who controls publicly traded corporations and for what purpose but also the allocation of risks and returns from the firm’s activities among the various participants in the firm, including stockholders and managers as well as creditors, employees, customers, and even communities.…

you contribute all the necessary needs of the business and part of your investment is to file as a corporation, then you might be incurring in more tax,…

still have a say in what goes on in politics. Who are the types of people that would support this system? On the wealthy side, big donors tend to be corporations. Large companies like AT&T, Goldman Sacs, Citigroup, and J.P. Morgan Chase all give tens of millions of dollars each election cycle to both sides of the race. That’s not to say corporations are the only ones that play an active role, People like Robert Mercer, George Soros, and Toby Neugebauer also make up a large chunk of donations on…

that the company can continue to succeed and remain operational. The laws in effect are enforced by the corporate executive, leaving him accountable for the exercise of the powers and duties of the corporation of the daily operations that aren 't usually overseen by the board. The corporate executive additionally ought to be accountable for all personnel within the company aside from the people that are above him. The laws ought to also state that the corporate executive should have an…