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The duty of a corporation to avoid harm to the assets of society is called?
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∙ 10y ago
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∙ 10y ago
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What is better a revocable trust or will?
If you have a lot of assets a trust may be a better choice. Dividing the assets after death will probably be easier, and you may be able to legally avoid some taxes. Basically with a trust you avoid the involvement of probate court. Even with a will, probate court is involved.
What would happen if banks decide to keep more of their assets as reserves in order to avoid risking a shortage of required reserve?
The economy would slow dramatically due to a shortage of bank loans.
Actions taken to avoid the effects of a particular risk are called what?
Precautions
How Philippines earthquake impact economics?
Typhoons affect the Philippines economy significantly. Day to day business is affected and investors avoid setting up business in the affected areas for fear of losing their property and business assets.
What if Banks decide to keep more of their assets as reserves in order to avoid risking a shortage of the required reserve?
It would NOT shrink the money supply, it would just cause the supply of money to grow at a slower pace. So it would decrease the rate of growth of the money supply.
Can child support take owner company assets?
If the company is not incorporated then yes, the assets of the company technically belong directly to the owner and can be garnished to pay child support. To avoid this, the company can become incorporated and the owner should be given a specific salary set by the corporation.
Do assets with payable on death clause avoid probate?
Yes.Yes.Yes.Yes.
Can a corporate CEO legally refuse to answer a question that will incriminate the corporation?
No, because a corporation does not have the Constitutional right to avoid self-incrimination.
How can you avoid leaving a paper trail when you are in an audit?
One way to avoid leaving a paper trail for when you are in an audit is to transfer your assets offshore. Although be careful and make sure that your assets aren't sent by a bank that is located directly in your country.
How does Sweden avoid revolutions?
They are an armed society, therefore a free society.
How can I avoid my work's corporation tax?
My friend was telling me she had to do a ct image but I am not sure what that is ?
What is better a revocable trust or will?
If you have a lot of assets a trust may be a better choice. Dividing the assets after death will probably be easier, and you may be able to legally avoid some taxes. Basically with a trust you avoid the involvement of probate court. Even with a will, probate court is involved.
Which annuities avoid probate?
Annuities with designated beneficiaries typically avoid probate because they pass directly to the named beneficiaries upon the annuitant's death. This can help to expedite the transfer of assets and avoid lengthy legal processes. It's important to keep beneficiary designations up to date to ensure assets pass to the intended recipients.
What kind of incorporation willprotect real estate assets?
Speak to an attorney about this matter. It is not simply a matter of incorpating assets in order to avoid inheritance taxes. It is a complication matter and should be arranged by a professional.
Can you sell your own car to your own business?
Check out the tax laws. If you are a sole proprietor, you may be able to write off mileage, which would be the simple thing to do. If it were me, I would avoid the crossover of personal assets with business assets.
How do you record a will?
You should go to your solicitor/lawyer with a list of assets and who you want your assets to go to. They will then draw up your will to your specifications. Remember, inheritance tax can be placed on wills, so giving your beneficiaries their inheritance before you die can avoid this.
Why is a corporation more advantageous than a partnership?
A corporation is more advantageous than a partnership because a corporation can be located in a US State such as Delaware that has no corporate income taxes. As a corporation shares may be sold to the public to raise funds. Corporations avoid the problems associated with partnerships in that the latter is not reliant upon a set of individuals to function and avoids the problems associated with the death of a key partner. Key partner insurance can be obtained but at a cost that reduces the profitability of the organization. Corporations also can absorb lawsuits without endangering the personal liability of the share holders. A partnership is subject to lawsuits that directly hold individual partners monetary damages. Also the name of a corporation is more easily sold along with its assets should the shareholders wish to sell the business.
