Owners are responsible for assessments and owe these debts to the association/ corporation. If unpaid, the association can bill the owner, file a lien against the owner's title or take other collection action. Association counsel is best involved in this action, since an inappropriate or poorly filed lien can be used by the debtor to escape payment.
Otherwise, associations cannot 'collect' money' from owners.
The headquarters of Shaw Communications, owners of Shaw Mail, is in Calgary, Alberta, Canada. The Shaw Communications company also owns several other buildings throughout Canada, but corporate offices are in the Shaw Barlow building in Calgary.
dividends
stockholders are part-owners of the corporation...
close corporations
because they have legal identity separate from those of their owners.
because they have legal identity separate from those of their owners.
One of the main advantages of a corporation is that it is separate from its owners. Corporations also have the advantage of being able to exist if one or more owners quit or pass away. Corporations also have limited liability protection.
The corporations distribute profit according to the share porportions of the partners or as per mutual settlement during inception of business.
Millions of US workers are employees of a company and also owners of sole proprietorships, partnerships or small corporations. Millions of US workers own common stock, making them part owners of US corporations.
Corporations.
so they can collect the money
A business with many owners with each owning shares of the firm is called a corporation. Corporations can be a profit or not for profit business.