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Asked in Business Law
How can you legally take someone off an corporation?
Most states have a form that you need to file to have a person removed from a corporation. There may be a filing fee associated with this. ...
Asked in Jobs & Education
How much timeoff can a person take off for family medical leave?
A person can take time off work for family medical leave. The typical amount of time off is six weeks. ...
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 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. ...
What happens to a bank loan when a corporation goes bankrupt?
The company still has to pay it off, it might even just rest on the owner's, or the person who took it out, hands. ...
Asked in Credit and Debit Cards, Credit
What happens when a small s corporation business can't pay off credit crds?
they liable for the lose to the bank and bank can take legal action on them. ...
Asked in Business & Finance, Incorporation
How big is a corporation?
A corporation can be any size, what makes it a corporation is that it issues shares and is owned by its shareholders. In principle one person could create a corporation and buy all of its shares himself, making it a privately held corporation with only one shareholder (but this is rare). ...
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 The Gosselins
Did TLC purchase Jon?
No. It is illegal for an individual, business, corporation, etc. to buy or sell a person. It is, however, legal for a business, corporation, etc. to purchase the biography and/or story rights to a person and/or their story if the person in question agrees to such sale. ...
Asked in Business Plans, The Difference Between
What are the major differences between government corporation and a private corporation?
A private corporation continues in existence until its own owners--that is, its shareholders, who are private citizens--decide to terminate the corporation. A government corporation continues in existence until Congress decides to kill it off by repealing the legislation that created it. ...
Who pays red light ticket when vehicle owned by a corporation?
The CEO of the corporation is responsible for paying the ticket because the vehicle belongs to his/her corporation but the person driving the vehicle at the time of the infraction (if known) should reimburse the corporation for committing the offense. ...