2004). Furthermore, if one has to choose from said business structures for a new or existing Christian subsidiary, it would be a limited liability corporation. A limited liability corporation is, “A company (LLC) in the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation” (Webster, 2004). I believe that this is the perfect fit…
world would be unfair if corporations were treated as people. Corporations already have the 14th amendment which already gives them the rights to be a person. The rights that they already have are ok, but they shouldn’t be granted anymore rights. If corporations were treated as people, they would take advantage of many of the rights that people have. Corporations shouldn’t be treated as people because people may start claiming the rights that corporations have, corporations wouldn’t get punished…
are not aligned with the believer. The verses from 2 Corinthians 6:14-15 New International Version (NIV) states that the light cannot mix with the darkness. God tells us that we should use caution, and not get mixed up in business affairs with nonbelievers, which tells Wanda not to form a corporation or an LLC with her friend. I agree that when starting a business, it is important to consider the structure of a corporation or Limited Liability Company (LLC).…
Loft, Inc. at the time, purchase its syrup from Coca-Cola company, however, Guth was dissatisfied with the price and decided to create a new formula with Roy Megargel (Clarkson, 2015, p. 785). This new formula was meant to create the trademark for Pepsi-Cola. While working for Loft, Inc., Guth used Loft’s credits, capital, employees and facilities to fund his new venture without Loft’s knowledge. Once Loft found out what Guth was…
Corporations can choose to merge with other specific corporations for various reasons, notably gaining new grounds to geographical areas to which they have no access or building a successful long-term business relationship with a corporation that is more experienced in a particular field that the former is interested in. In many cases, two corporations can properly identify one another's strengths and weaknesses and decide that…
relatively new idea in the history of taxes. The first company to succeed in the modern form of inversions was an oil service and construction company located in Houston, Texas called McDermott. In 1984, McDermott did not buy a foreign subsidiary or merge with a foreign company to move “offshore”, but just moved its tax home to Panama. It would be another 10 years before the next company to complete the move overseas. This happened when a cosmetic company called Helen of…
organizational structure of a C corporation. A C corporation is the standard corporation, while S corporation, its counterpart, has a special tax status with the IRS. If a new corporation is formed, it is by default a C corporation. “A corporation or C corporation is an independent legal entity that is owned by the shareholders (reference180.com).” The independent legal entity means that a corporation is given many of the same legal rights as a person. This means that a corporation can sue or…
Abstract For corporations it can be a difficult task to decide how much they should spend on marketing, and how beneficial and effective it can be to the company’s image. Before investing in any type of marketing plan its crucial that corporations understand what it can do for the company. How will it help expand the companies’ name, and what will it bring to the table in the near future? There are numerous types of marketing, just because one type was beneficial for one business doesn’t mean…
investors involved in the new corporation. Preliminary…
1. Corporations are juristic entities. According to the Canada Business Corporations Act Section 15 (1), “A corporation has the capacity…the rights, powers and privileges of a natural person. Soloman v. Soloman was a landmark case in the establishment of company law. Through this case, the emergence of a new legal identity, a separate legal personhood for the incorporated company was developed. This case was the first of its kind that saw the corporation as a separate legal identity. 2.…