A corporation is considered an artificial being because it is a legal entity created by law, distinct from the individuals who own or manage it. Unlike natural persons, corporations do not exist in a physical sense and have rights and obligations conferred upon them by statutes. This artificial nature allows corporations to enter contracts, own property, and be liable for debts independently of their shareholders. As such, they can continue to exist beyond the lives of their founders or members.
A Multinational Corporation (MNC) is a corporation with extensive ties in international operations in more than one foreign country. Examples are General Electric, Exxon, WalMart, Mitsubishi, Daimler Chrysler, etc...A Transnational Corporation is a MNC that operates worldwide without being identified with a national home base. It is said to operate on a border less basis.
Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)
Privatization is used in government terms. It is when a government program goes from being government run to being run by a private corporation. Commercialization is when something new is put on the market. This can be a product or service.
Yes, a corporation is a commercial enterprise.
Typically, the owners of a corporation are the stockholders.
A Corporation exists just as an artificial being which has certain rights bestowed by law.
Artificial Limbs Manufacturing Corporation of India was created in 1956.
Yes. A corporation is an artificial person but is a person according to the law and thus can be a partner in a partnership.
A global type of organisation in which artificial geographic barriers are eliminated.
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.
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.
Corporations are considered artificial beings because they are created and recognized as distinct legal entities separate from their owners or shareholders. This distinction allows corporations to enter into contracts, sue and be sued, own property, and conduct business activities independently of the individuals who established them.
stockholders are part-owners of the corporation...
This is sometimes known as a Corporate Charter & other times known as the Articles of Incorporation.
The Golem
Natural person refers to a human being as opposed to a legally-created entity (Corporation, Limited Liability Company, General Partnership, Limited Partnership, etc.).Even we can define them as "A human being that has the capacity for rights and duties". Note that the word capacity means the ability, but not the obligation for rights and duties.
That is where a corporation is scamming, or being scammed.