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association operating expenses, new member activities or gift purchases. Section 6. House Corporation Fundraising. Construction cannot commence and funds cannot be committed or dispersed on a renovation or building project until 65 percent of the total project fundraising goal has been pledged. Section 7. House Corporation/Association Financial Reporting. A. House Corporation/Association Annual Report. The house corporation/association annual report shall be prepared by the House Board Treasurer…

human agents. The board of directors as a human agent plays a critical role in the management of a company. And directors themselves are obligated to various duties and responsibilities which come from three areas: the common law, statute law (The Corporations Act 2001) and a company's constitution. This article will analysis relevant director's duties which Adoni might have breached, and suggests available remedies to Desert International Gold NL (DIG). Directors duties which are related to…

There are many choices that must be made when setting up a business but the most important question is what type of business it will be. In today’s business world there are three types of businesses sole proprietorships, partnerships, and corporations. In this paper each type of business will be explained in detail by describing advantages, disadvantages, and examples of each type of business. The first form of business is the sole proprietorship. A sole proprietorship is a business that is…

supposed to allow more competition”(2) but failed to do so. The passage of the Telecommunications Act of 1996 called for deregulation of the mass media, thus shifting forms of communications towards the influence of corporate media. This permitted corporations to buy off media outlets, in order to merge into a powerful media empire. Today, the real impacts of the media can be characterized as a “social construct of reality: a theory of knowledge in sociology and communication theory that…

Introduction This paper describes the stages of a corporations life cycle - courtship, infancy, go-go, adolescent, prime, stable, aristocracy, early bureaucracy, bureaucracy, and death while understanding a few of the ways this cycle can be extended. Strategy implementation plays an important role in a company 's life therefore; we consider what questions a strategy maker might consider before beginning implementation process. Then a look at some procedures and approaches a company might use…

customers can be done by forming a new type-of corporation called the benefit corporation. To be set up as a benefit corporation a healthcare organization must be set up with a dual purpose. 1) Create a general public benefit by creating value for its stakeholders- Such as the local community, local and global governments, employees, suppliers, and customers 2) Crate a profit benefit fro the organization 's stakeholders. This particular type of corporation will shield the organization from…

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.…

used as a tool to uphold statutory corporate formalities. It ensures that corporations are conducting mandatory meetings and are following proper statutory guidelines. It reinforces that shareholders are in fact held as a separate entity with the absence of conflict of interests. Second, piercing will also be used in order to remedy fraudulent misconduct, specifically “constructive fraud” that serves to disrupt the corporations’ legal contractual obligations…

Step 1: Corporation or LLC action Company owners must approve the dissolution of the business. With corporations, the shareholders must approve the action; with limited liability companies (LLCs), members grant approval. For small businesses, shareholders or members are often involved in day-to-day operations, and typically know the circumstances. The bylaws of a corporation and the LLC operating agreement typically outline the dissolution process and needed approvals. To comply with corporation…

Del. Open MRI Radiology Assocs., P.A. v. Kessler, 898 A.2d 290 -- Close Corporation This cases involves 8 total shareholders/radiologists who equally owned a practice, Fox Chase. These 8 radiologists formed a corporation, Delaware Radiology, to capture additional revenues by owning MRI centers. A squeeze-out merger at Delaware Radiology occurred after the radiologists ' underlying radiology practice, Fox Chase, split up. Delaware Radiology was divided as such: the majority (Broder Group) was…