S corporation

By engaging in misleading CSR practices, companies can obviate the need for government regulation. Several corporations tend to engage in unethical behavior such as child labor, polluting the environment, or exploiting third world countries. Because of the increasing amount of socially aware consumers, companies can no longer partake in such nefarious activity. A variety of corporations would rather continue the dirty work they are doing because it is cheaper and more beneficial for their…

structures, a limited liability company(LLC) and a corporation both have unique tax, legal and financial implications. The right way…

We have been brought up with the misconception that the primary purpose of corporations is to increase profit for their shareholders even in cases of eleemosynary organizations. Milton Friedman in his 1970 article The Social Responsibility of Business is to Increase Profit, illustrates that the central responsibility of a business is “to use its resources and engage in activities designed to increase its profits” (pg 6). His reason being those corporate executives and managers are agents who are…

one of the problem. ASIC can choose not to exercise its discretion power, even when the prerequisites for the statutory schemes to operate has been met. There appear to be a high threshold for the law to operate. To illustrate the point, s 596AB of the Corporations Act has been criticised because of the 'subjective intention' requirement. According to the act, a person must not enter into a relevant agreement or a transaction with the intention of significantly reducing the amount of the…

its diverse interpretation adopted over the years and the current scenario of corporate crimes in India. It discusses the need to intensify the current punishment given to corporations and proposes alternative sanctions which would further discourage corporations from indulging in corporate crimes. Introduction: Today, corporations play an indispensable role in the society and their actions have a direct or indirect effect on individuals all over the world.…

organization or group operating in several countries and making a quarter of it 's profits doing business outside of the home country is generally termed a multinational corporation. There are four types of multinational corporations, [1] a multinational decentralized corporation with strong home country ties, [2] an international company that builds on the parent corporation technology or R &D, [3] a global centralized corporation that requires cost advantage through centralized production…

Inc. is an S corporation, which means certain criteria must be met, such as: a domestic corporation; limited number of shareholders (100 counts); ownership of individuals, trusts and estates; disallowance of partnership and “non-resident,” “alien shareholders;” offerings of “one class of stocks;” and considered an “ineligible corporation” (“S Corporations,” 2015);  Gustav and Heidi Lager are married; they are two individual shareholders and operators of Ale and Grains;  The corporation has 100…

it has contributed to the overall growth of all nations. Multinational corporations have profoundly impacted the Business of the globalization process, and they have participated…

company. However, not all stakeholders are equal. For example, the decision of M/s Ujala’s company would affect it’s customer differently and creditors differently. The main responsibility of M/s Ujala is to give the interests of it’s stakeholder at utmost priority. Management must incorporate the corporate social responsibility agendas keeping in mind all the stakeholders and the relationship with them. The Stakeholders of M/s Ujala would be: 1.Customers (Existing Customers and Potential…

Prior Employer 's Workplace When starting their own company, many startups might work at their employer 's facility or on their employer 's computers. If you work in an industry that has intellectual property rights, and you signed an agreement when you started at your job, your employer might have the rights to your ideas or company. They could sue for patent infringement or theft of intellectual property. Make sure that none of the startups ' work was done at an employer 's workplace. The…