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Asked in Business Plans, Incorporation
Can one business invest company money into another business?
A corporation is often referred to as an 'artificial person.' Thus, speaking in general terms only, a corporation can do whatever an individual person can do. In principle (although this might vary from jurisdiction to jurisdiction), there is no general prohibition against a corporation investing in another corporation, in the same way that there is no general principle against an individual person investing in a corporation. For legal advice in any such matter, however, please consult a lawyer. ...
Asked in Business Law, Industries and Professions
Can a president also be a treasurer or secretary in a corporation?
Yes, one person can act as president, secretary and treasurer. Historically, corporations were required to have a president and a secretary, who could not be the same person. Modern statutes, however, still require a corporation to have both a president and a secretary but specifically allow the same person to fill both offices. Corporate governance is based on state statutes, so there may be some variation between states. ...
Asked in Law & Legal Issues
Can the President of a corporation also be the tresuser?
Since, the President and the tresurer are different chairs, I don't think one person can hace both of them. In some cases the documents must be signd by tresurer and president, which ensures integrity, so how come that can be the same person!!! ...
What is the difference of a President vs a COO in a small corporation?
president is a decidind body here .....bcoz the COO is a person who coo-operates between various dept. of the orgnisation.....i m waiting for feedback.. ...
Asked in BP Oil Spill
Who owns B P oil company?
British Petroleum is a corporation, so no one person owns it. It does have a president, a chairman and a board of directors who make the critical decisions for the company. The corporation issues stock, and the owners of the stock have some control as they must approve the nominated leaders of the corporation. ...
Asked in Business Law, Incorporation
Can a person hold two offices in a coporation such as the office of President and CEO of a corporation?
President and CEO is not likely to be a problem, especially in a single shareholder, one person operation. However, you really need to check with a lawyer familiar with the law of the state where the corporation was formed, since some states (although not Delaware) require that the office of President and the office of Secretary must be held by different people. Frankly, the office of CEO is not essential. The President can do all the same things a CEO could do. ...
Asked in Companies
Can president of a corporation fire the CEO?
It depends on the hierarchy structure of the corporation. It also depends on the country. There is actually nothing that says which is higher-up than the other - many corporations decide that the President has ultimate authority, other corporations decide that the CEO has ultimate authority. It's so confusing, that to avoid confusion in most companies, the CEO and President are actually the same person. Look at the official documented hierarchy structure for the corporation you are asking about. ...
Can a corporation be owned by an individual?
no, that would be a proprietorship which are usually grocery stores, barbershops etc The above answer is wrong. A corporation can be owned by an individual. If a single person owns 100% of a corporations shares, they are the only owner of that corporation. Generally, a corporation is owned by more than one person, but it is possible that a single person could be the sole owner of a corporation. ...
Asked in Honorary and Courtesy Titles
Could a president be called emperor if they were president of an empire?
If the person is the president of a corporation which is called an industrial empire, he would probably not like to be called an emperor. If the person is a dictator who made himself emperor as well as president, I suppose you could call him an emperor. Emperor is usually a title applied to king-like figures. President usually indicates an elected leader. The two titles are contradictory. ...
Asked in Definitions, Algebra, Vintage Slang
What does it mean when someone says that a corporation is an artificial person created by law?
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities. ...
Asked in US Presidents
If the speaker of the house no longer able to serve who becomes president?
Speaker doesn't have anything to do with a person becoming president. If something does happen to a speaker the house would choose another person. ...
Asked in Investing and Financial Markets, Stock Market, Investment Theory, Stock Options and Futures, Stocks
Can the president of the US have money in the stock market?
Before the white house any U.S. president was just another person. Once they have become President, they're still allowed to invest in the stockmarket as any other person would. ...
Who is your running mate?
A running mate is a person running together with another person on a joint ticket during an election. It can also be used to reference the vice president of the president in our current national political system. ...
Asked in US Presidents, US Constitution
How can a president exercise the power of recognition?
by greeting the leader or representative of another country when that person visits recognition ...
Asked in Nouns
Is the word president a common or proper noun?
The noun president (lower case p) is a common noun, a word for any president of any kind. The noun President (capital P) is a proper noun as the title of a specific person. A proper noun is the name of a specific person, place, thing, or a title; for example: President Barack Obama President, PA 16353 The President Hotel South Beach, Miami Beach, FL The President of the Republic of Chile Examples: The new president was not promoted from within the company. (common noun) President Munch was...