Business Law: B.Com

Because most corporate foundations receive virtually all of their funding from the company, an otherwise independent director of the company could potentially be disqualified if he also serves as an officer of the corporate foundation. [27] Companies must demonstrate that their corporate giving programs increase shareholder value and social welfare. This means they are protected from personal liability for reasonable mistakes of judgment or business decisions that turn out to be bad for the corporation as long as they were reasonably informed, acted in good faith, and believed their action to be in the best interests of the corporation.

Effect of lack of authority to sue. § 9111. Short title and application of chapter. § 9115. Ownership and transfer of property. § 9116. Statement of authority as to real property. § 9118. Appointment of agent to receive service of process. § 9121. Action or proceeding not abated by change of members or managers. § 9128. Selection and management rights of managers. § 9131 ref.: http://postdialysisfatigue.net/lib/responsibilities-of-corporate-officers-directors-2012-2013-edition. Both are required to follow the same internal and external corporate formalities and obligations, such as adopting bylaws, issuing stock, holding shareholder and director meetings, filing annual reports, and paying annual fees. Despite their many similarities, S corporations and C corporations also have distinct differences. Taxation is often considered the most significant difference for small business owners when evaluating S corporations vs http://howtobeacooldad.com/library/the-smartest-guys-in-the-room-the-amazing-rise-and-scandalous-fall-of-enron. Only those persons licensed to practice certain professions are eligible to be shareholders in this corporate entity. Those professions which may organize under this chapter include: accountants; architects or engineers; attorneys at law; chiropodist-podiatrists; chiropractors; dentists; optometrists; physicians, surgeons, doctors of medicine or doctors of osteopathy; psychologists; veterinarians; registered nurses; any natural person licensed as a real estate salesperson; and physical therapists , e.g. F4 Corporate and Business Law (Workbook) (English Edition) [Paperback].

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