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Incorporation
Incorporation is the act of selling out shares of a company to generate revenue. Questions about incorporating, companies that are or will incorporate, or companies that are already incorporated can be asked here.
1,040 Questions
Is an incorporation a corporation?
Well, sort of. Incorporation is actually the process whereby a corporation is formed. It's not proper to call a corporation an incorporation, but some people do because they're unfamiliar with these terms.
I think you probably get it at this point, but I'll throw a sentence together just to show how the terms should be used.
"I'm considering incorporating, because I think that incorporation would be beneficial to my family and my business. I'm excited because I've never owned a corporation before."
Sorry for the overkill. I just wanted to make sure everything was clear.
Good luck,
Dana Oliver
IncorpAcademy.com
Do you pay tax on labor in Illinois?
There is currently no state tax on labor in Illinois. But beware legislation being introduced to help make up for the deficit spending currently occurring. The failed gross receipts tax is one example of what they were trying to pass. Check with your local city and county government to see if there are any local service taxes. Currently there are no 2009 year initiatives on service tax (as of 1/9/09)
What is article of coperation?
The Articles of Cooperation, also sometimes referred to as Articles of Incorporation, serve as the backbone of any corporation. These articles would specify the rules that will govern the management of a particular corporation.
Memorandum and article of association for security guard business?
memorandum for security guard company
What is the difference between commerce and Services?
Commerce is the transaction of goods (and services.)
Generally commerce means transactions of goods, and goods are products...anything you can touch that are up for purchase. Ex MP3 player, computer, car, etc.
Examples of services are things such as education, car repairs, trash pickup, etc.
Things that you cannot touch in which you pay for.
Is a Settlement Agreement and Mutual Release of All Claims a contract?
Yes it is a contract. This is because it has all the elements of a contract. An offer from one party to settle the case for a certain amount of money and an acceptance of that offer. Both parties are competent to make the contract and there is a full meeting of the minds in a case like that. The settlement will call for payment within a certain period of time and if it is not made then, the person receiving the money has the right to declare a breach of the contract and either ask the court to reinstate the case or compel payment.
What is the purpose of the incorporation process?
The incorporation process is what creates an entity separate from the individual. By filing for incorporation you register this separate entity with the state, and entitle it to do business within that state. Also, when someone files suit, they may file suit against Company LLC and the owner (assuming they've not engaged in fraud) is able to evade personal liability.
How do I incorporate a Labuan offshore company?
Incorporation of anoffshore company in Labuan must be done through a Labuan Trust Company. The application should be submitted together with the Memorandum and Articles of Association, consent letter to act as director, statutory declaration of compliance as well as payment of registration fees based on authorised capital. A full list of Labuan Trust Companies can be found from the following link http:/www.labuanibfc.my/Business-Opportunities/Offshore-Companies/Directory.aspx
Independent corporate existence is a outstanding feature of a company.explain?
The outstanding feature of a company is its idependent corporate exitence. A Partnership has no existence apart from its memebers. It is nothing but collection of the partners. A comapny, on the other hand, is in law a person. it is a distinct legal persona exixting independent of its member. by incorporation under the Act, the company is vested with a corporate personality which is distinct from the members who compose it. one of the effects of incorporation is stated in Section 34(2) of the Act. it says that upon the issue of the certificate of incorporation, the subscribers to the memorandum and other persons, who may from time to time be the members of the company, shall be a (body corporate) capable forthwith of exercising all the functions of an in corporated company and having perpetual succession and common seal. Thus the company becomes a body corporate which is capable immediately of functioning as an incorporated individual. The enterprise acuires its own entity. it becomes impersonalised. No one can say that he is the owner of the company. the business now belongs to an institution. the entity of the enterprise becomes institutionalised. in the words of palmer: The benefits following from incorporation can hardly be exaggerated. It in because of incorporation that the owner of the business ceases to trade in his own person. The company carries on the business, the liabilities are the company's liabilities and the former owner is under no liability for anything the company does, although, as principal shareholder, he is able to take full advantage of profits which the company makes. (Mirza Asad Moazzam Baig)
A cooperative (also co-operative or coöperative; often referred to as a co-op or coop) is defined by the International Co-operative Alliance's Statement on the Co-operative Identity as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise[1]. A cooperative may also be defined as a business owned and controlled equally by the people who use its services or who work at it. Cooperative enterprises are the focus of study in the field of cooperative economics. Cooperatives have a sponsored top-level internet domain .coop, which identifies legally registered or recognized co-operatives.
Why the sole proprietorship have unlimited liability?
Because the sole proprietorship has no separate personality from proprietor/owner and will regarded one and the same person.
How do you publish a llc in ny?
I used an excellent NY based company to publish my LLC called USACORP they gave me excellent service and their price was also very competitive, they have a toll free no. 866.678.7226 they also have a nice web site usacorpinc.com.
Can you sue a dissolved corporation in Georgia?
For a time, yes. Depending on the nature of the claim and how the corporation was dissolved, the claim is barred after a period of time, basically 2 years or 5 years.
When you quit your job in New York state are you entitled to vacation pay?
This can depend on company policy, so you need to check with the company's Human Resource department. In many companies, if an employee has unused vacation time, and if they were not fired, then the company will usually give the vacation pay. If this company is not willing to pay you for your earned vacation time, and you disagree with their decision, then call the Labor Board in your area; they may be able to help you, and they do not charge a fee for this service.
there is much debate of this subject look up the definition of a person in a legal dictionary or artificial person base your answer on that
There are no rules in either law or grammer to which you would spell a name in all upper-case letters. Proper names are always capitalised, i.e. John Smith, and are not spelled in all upper-case, i.e. JOHN SMITH. These are "legal fictions" as opposed to "lawful names". Thus we can assume that this practice is done with the intent in mind of undertaking some sort of fraud.
As to the question of whether or not this makes you a corporation; it does not make "you" a "corporation" since "you" are a flesh and blood living soul. Corporations exist only as "legal fictions". However, if you step forward and speak for the legal fiction, ALL CAP, corporation, you assume its place. This has nothing to do with having a business or company "incorporated". To give you an example of whether or not it makes you a corporation, I will cite Texas Rules of Civil Procedure (TRCP) 52: allegations that a corporation is incorporated is taken as truth, unless denied by affidavit of the adverse party, whether public or private, or HOWEVER CREATED (emphasis added). NOTE: HOWEVER CREATED. You will find a similar rule for every STATE. Legal fictions,i.e. THE STATE OF TEXAS,THE STATE OF TEXAS JUDICARY COURTS, THE UNITED STATES, et al, can only deal with legal fictions and civil courts only deal in commerce. Just go to a lawyer/attorney with a suit and tell them to spell all names correctly and see how that works out for you. You must also understand that the courts and ITS lawyers operate in "term of art", which is the use of words that have a particular definition or meaning within a group or organisation. So you CAN NOT take every word at its commonly believed definition. Thus the reason and need for Law Dictionaries.This use of special definitions and esoteric Latin and Greek langauge and phrases is only meant to confuse the average person and so the person, thoroughly confused, seeks "professional"(read: instrument of the court and BAR known as an attorney) help.
There are many very well researched papers on this subject. I would suggest that you do not take any one answer on this subject at face value. Find ones that give reference and then follow-up on those references(and from more than one source). This is a matter that one should come to the real answer on for onesself.In this fashion, one will learn who "you"are, and you will probaly be suprised of what all else you will turn up. God bless
Who were the seven dwarfs of tobacco?
Seven Tobacco Company executives who testified at Congressional hearings as to the addictiveness (or lack thereof) of cigarettes. The officers who appeared before Henry Waxman's D-CA) Committee beginning April 14, 1994, were:
William Campbell, CEO, Philip Morris
James Johnston, CEO, RJR Tobacco Co
Joseph Taddeo, President, U.S. Tobacco Co
Andrew Tisch, CEO, Lorillard Tobacco
Thomas Sandefur, CEO, Brown & Williamson Tobacco Co
Ed Horrigan, CEO, Liggett Group
Donald Johnston, CEO, American Tobacco Co.
What is the difference between total and selective incorporation?
How much of the Bill of Rights applies to the states. -Apex :)
Can a CEO act as temporary Treasurer of a nonprofit's board until a board member takes the role?
Presuming it isn't prohibited by the articles of incorporation...there is no reasn that someone can't hold multiple officer positions, in either a for or No for profit corp...it is in fact, very common. (Some States, in order to issue the corporate charter require a certain number of different officers, but even they can have multiple positions.)
What is dissolved directorship?
A dissolved directorship means that a company has stopped trading. This is taken to mean that the company ceases to exist as a legal entity.
