S corporation

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…

What is CSR? Corporation social responsibilities (CSR) has been defined as a company’s ‘’status and activities with respect to its perceived societal obligation” (Brown and Dacin 1997, p 68). In the recent years, CSR has growing to be one of the main reasons why the societies views and actions have changed towards international companies. Approximately, more than 80% of the fortune-500 organizations address corporate social responsibilities issues on their sites (Esrock and Leichty 1998). In…

partnership risk losing their limited liability status. (Prescott, Madden, & Foster, 2010). Finally the Master limited partnership (MLP), is little different they can be referred to as publicly traded partnership; they are owned and ran like a corporation however most of the time taxed like a partnership. The disadvantages of a partnership besides the ones mentioned are unlimited liability, normally when you have more than one person running a business you will run into management disagreements.…

Advantages:- 1. As the corporation are well known’s, so they attracts the investment for their well established names. 2. Owner can become employee of the company and can enjoy the benefits such as reduction in health fees or etc. 3. It can have various classes of shares unlike in S corporation. Disadvantages:- 1. Fees of registration, agent fees and other legal fees which are huge in amounts have to be paid. 2. Different formalities and laws have to be followed unlike in other forms of…

issue, and businesses with integrity would do their fair share as consumers would. Some theorists believe as long as there is free market there will be a flawed system, and there are many issues that contribute to the free market, such as the prisoner 's dilemma, persistent discrimination, sexual harassment, environmental pollution, false advertising, financial scandals, child labor, and bribery (Donaldson n. pg). Until the turn of the century there was not much focus on the environment, and…

An evaluation will be made to demonstrate how Jeb’s personal creditors would be able to collect on his debts and to seize the assets and/or profits from Arcadia Sports based on whether each business is a sole proprietorship, partnership, a corporation, and a limited liability company. First, under a sole proprietorship, Jeb’s creditors would be able to seize all of his personal assets, his home and all of the profits from Arcadia Sports. The reason for this is that a sole proprietorship is…

a small business owner, there are many critical decisions you have to make when starting a new business. I’ll address each item that you need to consider and which routes I recommend you take. First, we need to decide which type of company or corporation you want to form. Based in the fact that your husband wants to invest, but doesn’t want to commit to an active part in the business, we need to form a business that allows him to do this. I also want to limit your personal liability if you…

1. Setting the scene: social purpose as business driver During the last decades the social purpose of business has gained a prominent role in profit and accumulation strategies worldwide. Corporations invest more money and human resources in the development of social strategies as a key element for economic success. Between 2004 and 2013 the corporate social responsibility investments of the 261 world leading companies increased from US$7,6 billion to US$25 billion, roughly a growth of 328%…

10. What are the facts and outcome in the case of Guth v. Loft, Inc. and how does it apply to the duty of loyalty and good faith? Charles Guth became the president of Loft, Inc., a Candyland restaurant chain. Guth also partly owned Grace Company, which created formulas of syrups used for soft drinks (Spamann, 2014). 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…

During the 1980's, state regulated monopolies were responsible for the manufacture, transmission and sale of electricity and natural gas to customers. However, these monopolies were rather incompetent and unreliable in the eyes of the customers [7]. At the onset of the Corporation, Enron has made claims that it could revolutionize the energy industry, and the Internet [6]. Enron then began to advertise through the means of Wall Street, claiming that energy could be treated as a stock or a bond…