Is 501c3 the same as articles of incorporations?
No, 501c3 are documents filed with the IRS for a Non Profit Corporations' tax exempt status once the Corporation has been filed with the Secretary of states office. Articles of incorporation are documents filed with the secretary of states office to create the corporation.
No. "Proof by a preponderance of the evidence" (meaning: my argument can beat up your argument) is the standard for most civil trials. "Proof beyond a resonable doubt" (meaning: unless UFOs are real we gotcha) is the standard for most criminal trials.
How old are the members of pierce the veil?
Oldest to Youngest
Vic Fuentes -February 10, 1983 (29yrs)
Mike Fuentes -December 14, 1984 (29yrs)
Jaime Preciado -May 17, 1982 (26yrs)
Tony Perry -February 25, 1982 (26yrs)
Why manager can not be entrepreneur and why entrepreneur can be manager?
A manager is mostly into managing the business operations and do not go beyond that, he/she might be an employee but an entrepreneur is an individual who owns the business, generate ideas, develop them, implement them, operate them and understand the risks and ready to face them. Thus, an entrepreneur can be both but a manager can not, he/she ( the manager) is only at the managerial post.
What does class B membership of an LLC mean?
It can mean anything, depending upon how the operating agreement is written. Get a copy of the operating agreement and it should tell you what the rights are to each class of membership.
Top 10 famous Filipino businessman?
Reference: http://businesstips.ph/list-of-famous-and-successful-businessmen-in-the-philippines/
List of Famous and Successful Businessmen in the Philippines
as of June 2011 by Victorino Abrugar at Business
1. Alfonso T. Yuchengco - Yuchengco Group of Companies, RCBC, Mapua Institure of Technology
2. Alfredo M. Yao - Zest-O-Corp
3. Amable R. Aguiluz V - AMA Institute of Computer Studies
4. Andrew Gotianun- Filinvest Development Corporation, Filinvest Land, East West Bank
5. Andrew Tan- Megaworld Corporation, Alliance Global Group, Inc., Emperador Distillers, Golden Arches Development Corporation
6. Axel Kornerup- Netopia Internet Cafe
7. Beatrice Campos- Unilab
8. Ben Chan- Bench Apparels
9. Ben Colayco- Level Up
10. Bernie H. Liu- Penshoppe
Can an llc be a partner in a partnership?
Yes, an LLC can be a partner is a partnership and they often are. In this case, all partners in the general partnership are general partners.
What is pecuniary terms of contract?
credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from ythe bank or any financing institution, it is understood that such obligation shalln be paid in money...
answered by: christine damasen(**,)
Why would a large corporation become an LLC?
Generally it wouldn't. A corporation already has limited liability, so owners (stock holders) are only liable for their investment in the company and their personal assets cannot be seized if the company fails.
If the corporation choses, under the "check the box" elections to be taxed as a corporation. Many do.
What is the importance of business law to managers?
If they break laws, they can get arrested or fined and it's bad for business.
Does joint liability extend to all partners?
It extends to all general partners, but not to limited partners.
Can a non-employee be an officer of the company?
Assuming you mean officer as in (chief executive officer, or officer of a certain portion of a company such as finance) or a board of director then no.
This is because they are paid for their work, anyone who is given money for contributing effort to the company is an employee.
However if they are a volunteer and do not receive money for their services, then technically yes.
A contract may be discharged by frustration. A contract may be frustrated where there exists a change in circumstances, after the contract was made, which is not the fault of either of the parties, which renders the contract either impossible to perform or deprives the contract of its commercial purpose. Where a contract is found to be frustrated, each party is discharged from future obligations under the contract and neither party may sue for breach. The allocation of loss is decided by the Law Reform (Frustrated Contracts) Act 1943.
Can eDiscovery take care of new FRCP discovery requirements?
FRCP has mandated that all organizations be able to make initial disclosures on Electronically Stored Information (ESI) before a specific discovery request is made. For this we need to invest in systems that can act proactively and reactively to any given legal situation. Proactively, it should be able to assess the situation and retrieve the most needed and important information. Reactively, it should make searching and culling easy and cost-effective.
What were the facts about the case of Ashbury Railway Carriage v Riche?
Ashbury Railway Carriage & Iron Co. v. Riche , decided in the House of Lords in 1875 (Law Rep. 7 H. L. 653)
In this case the objects set out in the company's memorandum were "to make and sell, or lend on hire, railway carriages and wagons, and all kinds of railway plant, fittings, machinery and rolling stock; to carry on the business of mechanical engineers and general contractors; to purchase, lease, work and sell mines, minerals, land and buildings; to purchase and sell as merchants, timber, coal, metals, or other materials, and to buy any such materials on commission or as agents."
The directors purchased a concession for making a railway in Belgium and contracted with Riche to construct the line.
Was here a valid contract?
The construction of a railway, as distinct from rolling stock, was ultra vires. Therefore Riche's action for breach of the alleged contract failed as it was void.
This would have been the case even if every shareholder of the company had given approval - it was an act which the company had no lawful power to do.
The law has since changed through Section 108 of the Companies Act 1989, substituting a new section 35 of the Companies Act 1985. Under that new section it remains the duty of the directors to observe any limitations on their powers flowing from the company's memorandum (section 35(3)) and a member of a company may bring proceedings to restrain the doing of an act in excess of those powers (section 35(2)); but, by section 35(1): "The validity of an act done by a company shall not be called into question on the ground of lack of capacity by reason of anything in the company's memorandum."
Thus by applying the modern law to the Ashbury case, the directors committed a breach of duty by making the contract and might have been restrained by action by a member; but once the contract was made its validity could not be questioned provided that the making of the contract was "an act done by the company."
Yet it might be objected that it was not such an act because the directors had no power to make the contract. This objection is met by section 35A(1):
"In favour of a person dealing with a company in good faith, the power of the board of directors to bind the company, or authorise others to do so, shall be deemed to be free of any limitation under the company's constitution."
What is the definition of entrepreneurial competencies?
Entrepreneurial competencies are defined as characteristics such as generic and special knowledge, motives, traits, self-images, social roles and skills which result in the birth of venture, its survival and/or growth.
Principal stresses are those stresses that act on principal surface. principal surface here means the surface where components of shear-stress is zero.
Does a partnership dissolve if a partner is deemed incompetent?
A partnership does not automatically dissolve if a partner is deemed incompetent. The partnership documents should state the procedure if one partner becomes incapacitated for any reason, which would include incompetency.
What is the difference between corporator and incorporator?
A corporator is member of a corporation. An incorporator is one of a group of people who gets a company incorporated; one of the original corporators.