BT20403/Company Law Business Entities: Company Law Topics covered: Types of Company Formation of a company; • Promoters Pre-Incorporation Contract • Memorandum and Articles of Association Inconsistency between the object and the company’s activities Upon incorporation: • Company is an artificial legal person • Separate legal entity Lifting the corporate veil scs&ismk/company law CONT. 2 The Effect of Incorporation • Memorandum of Association & Articles of Directors’
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Companies often list their vision and their mission statements on their sites. The difference between a mission statement and a vision statement is that a mission statement focuses on a company’s present state while a vision statement focuses on a company’s future. However‚ some companies tend to blend these statements. The following are some of the top technology-based company mission statements: Amazon: Amazon’s vision is to be earth’s most customer centric company; to build a place where
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1. The one time dividend will not affect the stock price. The value of the company will decline by the amount of the dividend. Ignoring taxes‚ shareholders wealth will not be affected because the stock price will drop by the amount of the dividend payment. 2. The value of the company could increase or decrease. If the company is overlevered‚ paying off debt can lower the interest rate on debt‚ and decrease financial distress costs. If there are no financial distress costs‚ capital structure
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Incorporated Entities Through incorporation‚ a business entity will becomes a separate legal body. Being a legal body‚ it has its own share of legal rights and obligations‚ the rights and obligation of a company is not equivalent of that to its members. This is to say‚ if the founder of a company retired or leave the corporation‚ it will still continue to exist. Traditionally‚ the law only recognizes nature persons in the position of enjoying rights and owing obligations. However by the process of
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1. Calculate the following ratios for each year during the period 1980-1983. Comment on the trend indicated by each ratio with respect to the financial performance and condition of the Charter Company. A. Profitability: Return on average total assets (assume a 46% income tax rate) = EBIT/Total Assets 1983 = 133896 / 1813199 = .073845 1982 = 108180 / 1628046 = .066448 1981 = 155673 / 1541326 = .100999 1980 = 145485 / 1746260 = .083312 1979 = 446649 / 1728694 = .258373 B. Turnover: i. Accounts
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optimal security architecture for the selected business scenario. Sunica Music and Movies will be implementing the best and affordable security measure and disaster recovery plan that is available. Our company will install the best firewall and security that will ensure that our customers and our company data are protected. We seek to maintain and recruit customers. We will always maintain confidentiality‚ availability‚ intertgity. By doing so‚ we shall and will keep the best computer systems and security
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Page 1 of 43 THE REPUBLIC OF UGANDA THE COMPANIES ACT COMPANY LIMITED BY GUARANTEE‚ AND NOT HAVING A SHARE CAPITAL MEMORANDUM AND ARTICLES OF ASSOCIATION OF AUSTRALIA ALUMNI ASSOCIATION OF UGANDA (A3-U) LIMITED Incorporated this……...day of June 2012 Page 2 of 43 THE REPUBLIC OF UGANDA THE COMPANIES ACT COMPANY LIMITED BY GUARANTEE‚ AND NOT HAVING A SHARE CAPITAL MEMORANDUM OF ASSOCIATION OF AUSTRALIA ALUMNI ASSOCIATION OF UGANDA (A3-U) LIMITED Table of Contents MEMORANDUM
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Background GEICO‚ the Government Employees Insurance Company was founded in 1936 in Texas‚ U.S. It is the third-largest auto insurance company Providing auto coverage nearly 8.5 million policy holders Insuring more than 14.4 million vehicles GEICO is rated A++ for financial strength by A.M. Best Company and ranks at the top of several national customer satisfaction surveys. Target Market Regardless of mood‚ status‚ income or location‚ various types of people drive and hopefully have
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| | | | |Sole Proprietorship |Partnership |Un-incorporated Associations |Companies | | | | | | | | |
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If they are to conduct the Smallco Graphics business through a company‚ a very significant of the advantages will be the separate legal entity‚ which means that from the view of the law‚ a company is treated as a separate person. Hence‚ the debts of the company will be limited to the amount remaining unpaid on the members’ shares. This is also called “limited liability” of the members. Apart from the limited liability‚ a company has a perpetual succession‚ meaning that it is a continuing entity
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