0
What else can I help you with?
Legal duties for employers and employees under the CDM?
sorry dont no :(
What is a company owned by a group of shareholders called?
A company owned by a group of shareholders is called a corporation. In a corporation, shareholders own shares of the company, which represent their ownership stake. The corporation operates as a separate legal entity, allowing shareholders to limit their personal liability to the extent of their investment. Corporations can be publicly traded on stock exchanges or privately held.
What is the goal of corporation?
Corporations are stand alone perpetual legal entities whose 'western' legal objective is profit maximization. Additional suggestions would be also to look after the welfare of all stake holders not just shareholders (i.e. employees, customers, state, environment etc., etc., etc.) The stake holder theory is starting to take ground especially after the debacle of 2007/8.
Why corporation defined as an artificial being?
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.
How does double taxation of a corporate income occur?
Income to the corporation, as a legal "person", is taxable against the corporation. When the treasury pays dividends from its income to its shareholders, the dividend is taxable again as "income" to the shareholders. A "subchapter S-corporation" avoids this by skipping the corporate taxes and directly taxing the shareholders for any corporate income.
Profit maximizers sometimes argue that corporate are adequately controlled by legal rules. explain how the social responsibility advoctes respond to this assertion?
Social responsibility advocates disagree withÊclaims that corporations are adequately controlled by legal rules. They point out how the laws are set up in such a way that corporations have tax loopholes, and that many have set up top management bonus structures in such a way that it harms employees. The corporations which benefit their employees and communities do so because of independent decisions, not because there are laws in place which make them do so.
What does it mean when a company dissolves and how does it impact its stakeholders?
When a company dissolves, it means that it ceases to exist as a legal entity. This can happen due to bankruptcy, merger, or other reasons. The impact on stakeholders, such as employees, shareholders, creditors, and customers, can vary. Employees may lose their jobs, shareholders may lose their investments, creditors may not be fully repaid, and customers may lose access to products or services.
How do partnerships and corporations differ in accounting?
the main difference is that the earnings of the partnership pass directly to the owners/partners of the business. A corporation is a seperate legal entity and are taxed seperately and the earnings are only passed to the owners/shareholders when dividends are paid.
When does a corporation need a board of directors?
A corporation can be defined as a firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners . Corporations are owned by their stockholders (shareholders ) who share in profits and losses generated through the firm's operations , and have three distinct characteristics
When does a corporation needs a board of directors?
A corporation can be defined as a firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners . Corporations are owned by their stockholders (shareholders ) who share in profits and losses generated through the firm's operations , and have three distinct characteristics
How can a directors can be remove?
Artticles of Amendment Directors are elected to their positions by the shareholders of the corporation. The shareholders have the legal power to remove directors.
What is the major advantage of an S Corporation?
The major advantage of an S Corporation is that it allows for pass-through taxation, meaning the company's income is reported on the shareholders' personal tax returns, avoiding the double taxation that occurs in C Corporations. This structure also provides limited liability protection to shareholders, safeguarding personal assets from business debts and legal liabilities. Additionally, S Corporations can benefit from certain tax deductions and credits, enhancing overall tax efficiency for the owners.
