News Corporation

While corporate influence on Washington, D.C. is not a new 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…

Summary: Built on thousands of years of tradition, the contemporary legal system is as thorough and complete as it has ever been. Despite this, corporations law has evolved much more recently and, though ever evolving, often struggles to keep pace with the corporate sphere it governs. A key example of this is with respect to corporate groups, a relatively new form of conglomerate and one which works to exploit a legal system which is forced to compensate constantly. Corporate groups often take…

allocable share of partnership income or loss on their individual income tax returns and pay taxes on that share based on their tax bracket” (Entrepreneur, 2014). Corporation Tinker & Tailor’s Home Security Service, Inc.: “A corporation is viewed as a separate entity from…

strong and honest. By doing thing he is ensuring 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…

Corporations who hire art consultants are usually just beginning their foray into art collecting, and often don’t have any clear plans for what kinds of art they are interested in. In my interview with Susan Blackman, she explained that as an art consulting…

Corporation is a business separated from its owners. Corporations can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. Advantages of a corporation is it is a limited liability that protects owners from losing more than they invest. The business can achieve large sizes due to marketability of stocks. It receives certain tax advantages. Has greater access to financial resources allows growth within the company. Attracts employees with specialized…

Typically, closely held corporations are faced with limitations on the amount of investors that are accepted to be on board as business members. Additionally, closely held corporations are private enterprises which do not openly trade their stocks. There are various advantages and disadvantages of a closely held company from a tax reporting standpoint. Due to the organizations structure, the need for accountability for every dollar spent on failed attempts is not necessary. A major tax advantage…

addressing your concern over the effect it may have on liability. To have shareholders you would be forced to change to a business format to that would allow their existence. If you were to sell the business you would have to start from scratch and the new owner would choose the type of organization that he wants for the acquired business to be…

Piercing the Corporation Veil in Australia. company and securities law journal, 2001: Volume 19 No 250. -------------------------------------------- [ 1 ]. Australia Statute Law, s558v [ 2 ]. Walker v Wimborne (1976) 137. [ 3 ]. Limited liability exception - the UK's "lifting the veil of the Company", < http://www.law-walker.net/detail.asp?id=4511> [ 4 ]. Lonrho ltd. v. Shell Petroleum Co., Ltd. (1980). [ 5 ]. Salomon v Salomon & Co Ltd (1897) AC22. [ 6 ]. Australia Corporation…

hybrid of certain features of a corporation and a partnership. As a Limited Liability Company, the three associates avoid major risks such as within a partnership where partners are responsible for all debts. Instead, losses will only be the amount the members put into the business. Additionally, the Limited Liability Company will avoid the double taxation that occurs within a corporation. Both of these advantages allow for great success of Power Hour Fitness as a new…