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What else can I help you with?
Who is responsible for a corporation debt?
the corporation
Benefit of being a stockholder?
Risk of being a stockholder: Stockholders can lose their money if the company goes bankrupt. Benefit of being a stockholder: Stockholders share in the company's profits. Power of a stockholder: Stockholders can vote for the members of the board of director
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.
Will i get my money back if my travel agency goes bankrupt?
Not likely. Bankrupt means that they have no money.
Is blansett pharmacal bankrupt?
If they're not bankrupt yet, they soon will be!! All the money made (if any) goes into LB's pockets.
Who is responsible for a corporation debt?
the corporation
Benefit of being a stockholder?
Risk of being a stockholder: Stockholders can lose their money if the company goes bankrupt. Benefit of being a stockholder: Stockholders share in the company's profits. Power of a stockholder: Stockholders can vote for the members of the board of director
Who is responsible for a corporation?
The corporation is responsible for the corporation's debt. Normally, there is a financial officer who pays the bills. If the corporation fails and goes bankrupt, people simply do not get paid. If the company is bankrupt and there is money, a judge appoints someone to pay according to a plan.
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.
What are the major advantages and disadvantages of the corporate organization?
The major advantage is the fact that a corporation is a legal entity. This means that if the corporation goes bankrupt or incurs a lot of debt the creditors can only go after the assets of the corporation, not the personal assets of its owners (i.e. the stockholders). This isn't true of a sole proprietorship or a partnership; if these go under and you own a piece of the business, your house, car, bank account, etc. are all fair game. The major disadvantage of a corporation is taxes. Corporate tax rates tend to be much higher than for partnerships or sole proprietorships.
What will bankrupt solve?
When one goes bankrupt, one's debts are cancelled.
Will i get my money back if my travel agency goes bankrupt?
Not likely. Bankrupt means that they have no money.
What is a limited company?
A limited company is a corporation, In legal terms the company or corporation is a separate person from its investors. If it goes bankrupt, its investors lose their investment but cannot be pursued for the corporation's unpaid debts. Their liability is limited to their investment--hence, "limited" company.
What should you do if your state goes bankrupt?
move.
What does it mean when a bank fails?
It means a bank goes out of business or goes bankrupt.
What happens to shareholders money if a company goes bankrupt?
First, "investor" is a term for those who own stock in a corporation and share in the profits...stockholders...in this instance, stockholders of a corporation that does banking business. Stockholders in a corporation doing banking business are treated the same as stockholders of any other corporation. They can gain if the stock goes up in value, or alternatively, they are at risk up to the limit of their investment in the stock. Depositors (account holders) in a bank are entirely different. Their deposits are LIABILITIES of the bank. They in essense are creditors. However, virtually all banks (there are some exceptions, and some accounts even within those banks are not included), are protected by government or private insurance. (Thats what the FDIC you see regularly is). Under this program, each account is insured by an outside party upt to a reasonably high maximum, per depositer. If the bank fails (goes bankrupt), those account holders are paid in full under that insurance program.
What happens to the government if a company goes bankrupt?
Nothing.
