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Minors are not legally capable of "owning and administering" anything, although they may have guardians and/or conservators to manage these entities for them.
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∙ 14y ago
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Can police give out a minors name to owners if caught trespassing?
If not, how could the property owners file charges?
Who is the president of ADV Films?
ADV Films was shut down in 2009. John Ledford and Matt Greenfield were the owners of the company when ADV Films company was declared bankrupt and shut down.
Is it illegal to go shopping underage?
I don't believe that there is a law against it, however, the owners of the store may have their own rules about letting minors into an establishment where they cannot legally conduct any business.
Who is the owner of mahindra and mahindra company?
Keshub Mahindra is the Chairman of Mahindra and Mahindra, Anand Mahindra is the Vice Chairman and Managing Director for group. Anand Mahindra was awarded as the CEO of the year hence it is likely that he is the CEO (though not called one) for Mahindra and Mahindra.It is a listed company, hence its share-holders are its owners.
Nonslaveholders followed the leadership of slave owners because?
of their desire to become slave owners.
What is the full form of mbo?
Management Buy Out. The management team operating a company may believe that they can run the company better than the existing owners, usually a holding company. So they offer to buy the company from the owners in the belief that it is worth more to them than it is to the owners. Often happens when the owners indicate that they want to sell or close the company down.
What is the main goal of the limited company?
to protect the owners from unlimited liability in the event the company has more debts than assets. The limited company protects the share owners from any claims on their personal assets or income.
Can police give out a minors name to owners if caught trespassing?
If not, how could the property owners file charges?
Journal entry for personal mortgage to pay off debts of company?
debit mortgage payablecredit owners capital
What are the basic features of a holding company?
The characteristics of a holding company in the United States are fairly simple. The company owns the outstanding stock from another company and mitigate risk from other owners. The largest example of this is Berkshire Hathaway, which is owned by billionaire investor Warren Buffett.
What is Limited Liability Company about?
Limited Liability Company, often referred as an LLC, is a legal description of a business. It provides the owners with limited personal liabilities should the company default. I work for such a company and seems to function very well.
When does a company become a corporation?
A company becomes a corporation if the owners choose for it to be so. The main advantage of a corporation over other forms of company is that the directors (owners) protect their assets from the company's creditors. They are only liable under most circumstances to lose the investment that they have put into the business. There are also personal tax benefits for the directors of corporations.
Is Auto Owners Insurance Company a parent company of Utica Mutual Insurance Group?
No. Auto-Owners is the parent company of Owners Insurance, Southern-Owners Insurance, Property Owners Insurance, Home-Owners Insurance, Auto-Owners Life Insurance. They have no affliation with Utica
How do a company's creditors protect themselves from the concept of limited liability in the event of the company's insolvency?
Commonly, creditors may insist that an LLC's owners give a personal guaranty as a condition of the debt.
What are the consequeces of a company being separate of it's owners?
It owners assets are insulated from the afairs of the company.
What is an example of an upstream holding company?
A holding company is a company that owns part, all, or a majority of other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only purpose is owning shares of other companies. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies. In the U.S., 80% or more of voting stock must be owned before tax consolidation benefits such as tax-free dividends can be claimed.Sometimes a company intended to be a pure holding company identifies itself as such by adding "Holdings" or "(Holdings)" to its name, as in Sears Holdings.
What is the definition of a limited liability company?
The limited liability company is a hybrid legal entity that has both the characteristics of a corporation and of partnership. An LLC provides its owners with corporate like protection against personal liability.
