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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
A Company Policy is an acknowledged set of broad guidelines that lays down the company's response to specific known and knowable situations and circumstances, determines the formulation and implementation of strategy, and directs and restricts the plans, decisions, and actions of the company's officers in achievement of its objectives. The policy is devised by the company's board of directors after a thorough assessment has been done of all the internal and external factors, including all applicable state and federal rules and regulations, that can affect the corporation's objectives, operations, and future ambitions.
A company policy is a unilateral statement by the employer of a decision it does not want to make again and again over time - what days we are open, what times we open and close, who gets how much vacation and sick leave, etc. Once announced, we need not decide anything but exceptions.
What factors characterize a free enterprise system?
Private ownership and free markets are characteristics of a free enterprise system. This means that there is no interference from the government in terms of regulating the market and this may hurt consumers.
The process of allocating shares between shareholders usually pro rata or according to some prior agreement. The allotment may have conditions, which must be satisfied before the shares are issued, eg payment for them. This precedes the actual issue of shares.
Definition of limited liability company?
A limited liability company (LLC):
- is a type of business ownership combining several features of corporation and partnership structures
- is not a corporation or a partnership
- may be called a limited liability corporation, the correct terminology is limited liability company
- owners are called members not partners or shareholders
- number of members are unlimited and may be individuals, corporations, or other LLC's
A limited liability company is a corporate structure whereby the members cannot be held personally liable for the company's liabilities or debts. The laws that govern vary in different jurisdictions. It is similar to a corporation in some respects but not all. If you are interested in forming an LLC you should consult with an attorney who specializes in business law.
In general, limited liability is a type of liability that cannot exceed the amount that has been invested in a partnership or limited liability company. Limited liability protects personal assets from the risk of being seized to satisfy creditor's claims, debts and other obligations. For privately or publicly held corporations, a shareholder's responsibility for the company's debts is limited to the par value of paid up shares. The company itself as a legal entity is liable for the rest.
Does a corporate officer have personal liability?
Usually not, that is one of the main reasons businesses are incorporated. The corporation becomes its own entity and the officers are shielded, to a certain extent, from personal liability for the acts of the corporation.
Can a non-profit corporation have an owner?
Actually, with nonprofits there is a way for say the founder to make sure they can't be voted out or that the board doesn't decide to go another direction. When the bylaws are written it is possible to have one or more of the board members assigned the voting rights. Almost like a for profit can have different levels of stock, except of course nonprofits don't need stock, but if you are the founder of a nonprofit, and as a board has to be assigned to get approval for nonprofit status, it may in some cases make sense to have the authority of the vote assigned to the founding member
Surely thequestion makes sense only if the non-profit has assets/property which need managing. That being so, how is the managing controlled? As a corporation the non-profit will have directors - who will have apparent control? If all directors serve for an indefinite term , and if appointment of a repacement director is done by the diectors, the directors surely control everything hence are the owners.
At the other extreme if all directors are elected and/or subject to recall by a defined body of voters, and if the corporate bylaws are subject to approval/amendment by that body, then ownership at any tie surely lies in that body
What is the registered agent of an LLC?
A registered agent is someone to accept legal documents served against the company on behave of the company. Every limited liability company (LLC) in the U.S. must select a registered agent.
How do you form a corporation?
If you've sorted through the many types of business structures and decided to create a corporation, you're facing a list of important -- but manageable -- tasks. Here's what you must do:
- Choose an available business name that complies with your state's corporation rules.
- Appoint the initial directors of your corporation.
- File formal paperwork, usually called "articles of incorporation," and pay a filing fee that ranges from $100 to $800, depending on the state where you incorporate.
- Create corporate "bylaws," which lay out the operating rules for your corporation.
- Hold the first meeting of the board of directors.
- Issue stock certificates to the initial owners (shareholders) of the corporation.
You do not need to check with your tax guy OR wait a couple of years! If you are interested in forming a corporation, there are a number of entities out there that can help you. You will need to let them know: 1. The type of corporation you are trying to form, i.e. the purpose; 2. The individuals you would like to have listed on your Board of Directors; 3. The state within which you would like to be incorporated.
Let me show you where to start, check this out: http://www.youtube.com /watch?v=LthDTtqxfNU&list=UUo8f2h_Re4Ja6tfzEz1hEKA&index=1&feature=plcp
Your state will have the paperwork required. You need to check the states corporate affairs group. It is relatively simple to fill it out and submit with the appropriate fees.
First of all, understand that incorporating is one of the smartest things you can do because it creates a legal entity that is seperate and apart from you, the small business owner. This is called the "corporate shield." The value of the corporate shield is that should something go wrong with the business, it is the business, and not you personally, that is liable. Incorporating therefore protects your personal assets from business debts.
Of course you can hire a lawyer to help you incorporate your business, but incorporating is also one of those things that can fairly easily be done on your own. Use a service like LegalZoom or Nolo.com to do it yourself.
What are the heroic qualities of the military?
very smart,strength,Leadership,courage, and most of all passion.
What are the importance of negotiable instruments?
A Negotiable Instrument means " a written document transferable by deliver".
What is Human relations approach in Management?
The human relations approach says; A happy worker is an efficient worker.
that means if an organization can keep its workforce happy, it would bring more prodctivity and more profit because if a worker is happy with the emoluments and all the benefits that he deserves and the organization provides, he will have a sense of belongingness towards the organization and would do utmost efforts to lift the organization up in the market.
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.
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?
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?
"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?
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?
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?
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.
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.
C corporations are separate entities that can sue and be sued. However, because C Corporations are separate, they are taxed separately from their owners
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?
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?
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.
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What is the differences between public companies and public listed companies?
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.
