The Corporation

the IRS. The IRS by default, treats a multi-member LLC as a partnershp, and therefore they would file a form 1065 to report the income and expense activity and issue K-1's to the members. However, the members can elect to treat their LLC as an S Corporation, by timely filing form 8832.…

balancing the interests of the many stakeholders in the corporation including its shareholders, suppliers, financiers, management, the community and government. Corporate governance also supplies the framework for acquiring another company from action plans and internal controls to their performance measurements and disclosures. This approach became a pressing issue following the Sarbanes-Oxley Act in 2002, which restored public confidence in corporations after fraud scandals such as Enron.…

wise counsel to Tilly on the three possible business structures that she could adopt as a new business owner and the pros and cons associated with each. She has an option to start her business as a sole proprietorship, as a partnership or as a corporation,…

Project Repeat might shy away from the idea of becoming an S corporation. While Project Repeat might be able to avoid double taxation that regular corporations face, they would also be facing a lot of restrictions. One problem with S corporations is that they can only have 100 stockholders. In addition, the limited number of stockholders, there are also restrictions on who can own stock in the company. Another drawback to this type of corporation is that all of the outstanding stock has to be…

The corporation is defined by Merriam-Webster as a “large business or organization that under the law has the rights and duties of an individual and follows a specific purpose”. That specific purpose being the relentless pursuit of profit. All companies are motivated by the idea of profit maximization; corporations are no different. They strive to earn more and more profit. They are not guided by charitable ideals, a moral compass, or the need to help the community. Governed and owned by…

can wrap up saying these two directors dealing with bank about the loan was legally authorised. According to Section 127(1) & (2), says a document can be properly executed with or without using any common seal if it is signed by two directors (Corporations Act 2001). The other three claims that the loan agreement was not properly executed as they did not approved the expansion plan but co-signing of Karen and Jones makes the loan agreement legal as they are legal directors. Here it is not…

Corporations are a vital need in today’s global society. People need corporations due to the global scale of trade and supply and demand of all products. Yes we need corporations, but laws should be implemented to limit their control of power. Corporations make a lot of money and in doing so they look at the bigger picture. In other words: corporations break laws to gain a much larger profit and if they get caught they just pay a fine with their much large profits, and this means nothing to them…

As technology progresses, our customer protection laws struggle to keep up with the new and invasive ways that companies and large corporations collect personal data from the public. The NSA’s collection of data and tracking of digital activities has raised an increasing amount of concern with the public. Advertising companies also utilize this type of marketing, though it is far less known amongst the public. Social media has created a new way for these companies to gain access to deeply…

The Briars Corporation is one of the world’s leading companies, not to mention the number one in the whole world. They focus on relaxation and food chain businesses, but they also dabble on construction, trades, and other businesses. A lot of people say that the Briar Corporation controls the market and trends. There are also rumors, that they also control the black market. But those are only rumors. But one can be sure, that a lot of businesses, big or small, wants to be affiliated with the…

Corporations today are global and international. They deal with the government at many levels. These operations affect the millions of people who are consumers of their products. It works like a chain reaction. Corporations make up a small a small part of the companies, but are associated with businesses that are powerful. A corporation has a “face,” which is the company. This is where the public relations ties into corporations. Every corporation has products, a logo, and a brand that are…