answersLogoWhite

0

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.

500 Questions

Impound car fees?

User Avatar

Asked by Wiki User

Check your local ordinances, but most likely you can let the police department keep the car and auction it off at some point to recoup their expenses incurred in towing and storing your gift.

Minority shareholder buyout?

User Avatar

Asked by Wiki User

Briefly, the answer is yes, but in all cases, the minority shareholder may mount a legal challenge to block any attempted buyout.

Firstly, the majority shareholder can vote to introduce clauses into the Company's Articles allowing the expropriation of the shares of the minority shareholders.

Secondly, where a sufficient percentage of shares is already held, the majority shareholder may force the compulsory acquisition of the remaining shares under Sections 428-430F of the Companies Act 1985. (Please note that some changes were made to these provisions in the Companies Act 2006 and different rules now apply to buyout bids and takeovers made after 6 April 2007)

What is the difference between a stock warrant and a stock option?

User Avatar

Asked by Wiki User

They are very similar. Both are options to purchase stock at a fixed price. Warrants are typically issued to institional investors in conjunction with another debt or equity investment, while options are typically stand-alone. (A stock option can also be an option to sell a stock at a fixed price. I have never seen a warrant that is an option to sell stock, but it is possible to draft such an agreement.)

What is a certificate of incorporation?

User Avatar

Asked by Wiki User

"Certificate of Incorporation" It is the documentary evidence that the company has been registered.

[Note:- Certificate of Incorporation is important for Private Ltd company as well as Public Ltd company.

Private Ltd company can commence the business after getting certificate of Incorporation. However, Public Ltd company can commence its business only after getting "Certificate of Commencement of Business"

How do you find where a company is incorporated?

User Avatar

Asked by Wiki User

Almost all publicly traded corporations are required to file periodic reports with the Securities and Exchange Commission. Each quarterly and annual report will identify the company's state of incorporation on the first page. These reports are available through the EDGAR system at the SEC's website,www.sec.gov, and are often available on the investor-relations section of the company's website.

What is the difference between independent and independent?

User Avatar

Asked by Wiki User

Democracy is the right to vote on who we want to lead or in the U.S.A. be president

To be independent is to be on ones own or be alone

What is the difference between articles of corporation and bylaws?

User Avatar

Asked by Wiki User

The ByLaws of a Corporation are the documents that sets out the organization of the corporation, including the powers and election of directors and officers, filing vacancies, holding meetings of shareholders and directors, required notice periods, setting the fiscal year end and the execution of documents. and the Articles of Incorporation are the legal documents that establish your new corporation, and must be approved by your State Secretary of State, Corporations division before your new corporation do business under that business name.

What is an example of tort?

User Avatar

Asked by Wiki User

Tort law is the name given to a body of law that creates, and provides remedies for, civil wrongs that do not arise out of contractual duties. A person who is legally injured may be able to use tort law to recover damages from someone who is legally responsible, or "liable," for those injuries. Generally speaking, tort law defines what constitutes a legal injury, and establishes the circumstances under which one person may be held liable for another's injury. Torts cover intentional acts and accidents. For instance, if somebody throws a ball and hits a pedestrian in the eye, the pedestrian may sue the ball thrower for losses occasioned by the accident (for example, costs of medical treatment or lost income during time off work). Whether or not the pedestrian wins will depend on whether he can prove the thrower engaged in tortuous conduct. If the person threw the ball at the pedestrian on purpose, the pedestrian could sue for the intentional tort of battery. If it was an accident, the pedestrian must establish negligence. To do this, the pedestrian must show that his injury was reasonably foreseeable, that the thrower owed him a duty of care, and that the thrower fell below the standard of care required of him. One of the main issues in negligence law is determining the "standard of care" - a legal phrase that means distinguishing between when conduct is or is not negligent.

Can you sue a C Corp?

User Avatar

Asked by Wiki User

C corporations are separate entities that can sue and be sued. However, because C Corporations are separate, they are taxed separately from their owners

Duties of a vice principal?

User Avatar

Asked by Wiki User

Aside from being ready to take over for the president if needed, the only official duty of the VP is to preside over the US Senate and vote to break a tie-vote.

Since Eisenhower, the president has often given the VP special assignments to serve as the representative of the president .

How do you introduce myself in a speech?

User Avatar

Asked by Wiki User

make it simple..

Do:

1. try to be witty to an extent

2. try and make eye contact with the people in the class.. makes them feel you are friendly

3. tell them what are your hobbies.. and make it broad

4. look and sound happy

5. SMILE!

Donts:

1. Never BRAG!

2. dont make any racist jokes

3. never insult anyone..

4. dont over do on the jokes.. keep it subtle

5. dont stoop while speaking..

A good way to introduce yourself in any situation is to of course state your name. If you are being introduced as a student, it also help to provide the class with your age, favorite subject, and a few of your hobbies. If you are being introduced as a teacher, you may also state what degrees you have earned in college, a little about your family (especially your children) and some hobbies you may have. An example could be: (for a student) My name is John Smith. My favorite subject is math, and in my spare time I enjoy playing softball and drawing pictures. (for a teacher) My name is Mr Smith. I have a Masters degree in Marine Biology. I have 2 children of my own, a 3 year old named Bob and a 5 year old named Betty. My hobbies include reading and playing catch with my son.

Tell the class 2 truths about yourself and one lie. Let them guess and discuss.

What is the difference between an inventor and a entrepreneur?

User Avatar

Asked by Wiki User

An Entrepreneur is someone who starts up a business and has all the necessary resources to implement his/her business idea.

However Inventor is someone actually creates something new for the society and/or world as a whole. Inventors can not always be good in implementing or commercializing his/her invention for the good of society or even when it comes to serving the whole world. On the other hand Entrepreneurs strive to implement their ideas and make it good for the society.

Search continues.

DaNiSh.

What is the differences between public companies and public listed companies?

User Avatar

Asked by Gwenw

A public limited company or a PLC as it's commonly known, a is a company with limited liability that sells shares in itself, normally through a stock exchange.
A public limited company has shares can be freely sold and traded to the public. The abbreviation PLC should be listed as part of the legal name of the company.

What is the difference between a legal entity and a legal person?

User Avatar

Asked by Wiki User

A natural person is a human. A legal person is a company or person.

What is pre incorporation contract?

User Avatar

Asked by Wiki User

Pre-incorporation contracts may include agreements between the parties as to who will hold control, what capital is to be invested, how will shares be protected, who can be employed, which inventions/trademarks/copyrights are to be sold to the company, etc.

Appropriation of money for the army can be only for a period of how many years?

User Avatar

Asked by Wiki User

it is for 2 years stated in the Constitution
Article 1, Section 8, Clause 12

How a private limited company formed?

User Avatar

Asked by Wiki User

A hybrid entity, usually used where the company is formed for non-commercial purposes, but the activities of the company are partly funded by investors who expect a return. This type of company may no longer be formed in the UK, although provisions still exist in law for them to exist.

What is meant by an organisation being a separate legal entity?

User Avatar

Asked by Wiki User

Legal entity is a status of a company where the law sees the biz as separate and distinct from the owners. They enjoy legal personality. The business is a corporate citizen on its own and activities are carried out under its own name. It can sue or be sued under it's own name and there's nothing to do with the owners.

What is the Virginia capital gains tax rate?

User Avatar

Asked by Wiki User

At this time August 8 2010 for the sale of a personal asset (non-business) the below enclosed information would apply to a long term capital gain on the sale of a PERSONAL ASSET.

Sale of a business asset will be different.

Only the amount of long term capital gains plus your other taxable income that stay within your income limit for your filing status will qualify for the zero percent LTCG. You will use the Schedule D Tax Worksheet in the instruction book of the schedule D page 10 for this purpose.

$32,550 if single or married filing separately

$65,100 if married filing jointly or qualifying widow(er) or

$43,650 if head of household

For more information and details go to the IRS.gov web site and use the search box for 2009

Instructions for Schedule D (2009) go to page 10 for the Schedule D Tax Worksheet

Currently net capital gain is generally taxed at rates no higher than 15%, although, for 2009 through 2010, some or all net capital gain may be taxed at 0%, if it would otherwise be taxed at lower rates. There are three exceptions:

Go to the IRS.gov web site and use the search box for Topic 409 Capital Gains and Losses

What questions can a previous employer legally answer?

User Avatar

Asked by Debeub

Those that are job related. For example an employer may not comment about an employee's or former employee's sexual orientation.

How is a general partnership usually established?

User Avatar

Asked by Wiki User

Partners in a general partnership share equally in both responsibility and liability. Many of the same kinds of businesses that operate as sole proprietorships could operate as general partnerships.

Can an Subchapter S Corporation own a C Corporation?

User Avatar

Asked by Wiki User

Yes, it is called a QSub or Qualified Subchapter S Subsidiary. It must meet the requirements delineated in the code and regulations, and make the proper election. This allows for two seperate corporate entities, which is often desirable for legal purposes. For tax purposes, the activity of the QSub is combined with the parent on one tax return, so they are essentially a single entity for tax purposes.

When is the veil of incorporation lifted?

User Avatar

Asked by Wiki User

  • the veil of incorporation may be lifted where a company is a sham and no third party has an involvement with it
  • it may also be lifted where the company is a party to a fraud
  • it will not be lifted just because justice demands
  • a director can escape personal liability to a third party in negligence by acting through his company and ensuring that he is perceived as accepting no personal liability for what he is doing
  • he cannot escape personal liability where he acts fraudulently on behalf of his company

answers creditted to Mike Griffiths - Principal Lecturer in Law, Kensington Business School