The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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Indian Oil Corporation Ltd. An Internship Report Giselle Charisma Sequeira SSN: 889-94-0978 In Partial Fulfillment of the Master’s Program in Business Administration‚ Ohio University‚ Athens‚ USA OHIO University Christ College Academy for Management Education Christ College Campus‚ Hosur Road‚ Bangalore-29 April 2007 ACKNOWLEDGEMENTS Completing a task is never a solo effort. It is often the result of invaluable contributions by a number of individuals in a direct or indirect manner‚ which
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02/12/2013 02/12/2013 08 Fall 08 Fall HSBC Corporation Social Responsibility Research Report Introduction HSBC is one of the largest global banks with around 6900 offices in over 80 countries. HSBC Canada has its head office in Vancouver and executive office in Toronto. HSBC has a wide range of business products including commercial banking which provides both domestic and cross border financing‚ retail banking and wealth management for personal banking services‚ and global banking
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ownership company in 1962. On December 31‚ 2004‚ all Hyatt assets in its entirety - owned and managed Pritzker ventures‚ including Hyatt Corporation and Hyatt International Corporation was consolidated to Hyatt Hotels Corporation. The corporate office is headquartered in downtown Chicago‚ Illinois. On the Hyatt’s website “About Us”‚ Hyatt Hotels Corp. reports that it manages‚ franchises‚ owns and develops Hyatt-branded hotels‚ resorts‚ and residential and vacation ownership properties worldwide
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ACKNOWLEDGEMENT With the name of ALLAH the Most Beneficial and Merciful. I completed my internshipin State Life Insurance Corporation of Pakistan. I am really pleased to have a professional learning experience in one of leading insurance organizations of country. In these sixweeks I worked in different departments and I am truly thankful to all officers and staff who entirely give assistance to me.I am also grateful to my honorable teachers Sir Fida Hussain Bukhari‚ Sir Irshad‚ Sir RiazAhmed Mian
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Exhibit 2: Ratio analysis 11 Exhibit 3: Common-Size Income Statements 12 Exhibit 4: Summary of the internal environment analysis 13 Exhibit 5: Strategic factors summary 13 Exhibit 6: SWOT Matrix for Maytag Corporation 14 Exhibit 7: Action plan 15 I. INTRODUCTION Maytag Corporation is an US based company dedicated to designing‚ building‚ marketing‚ and servicing the best appliances in the world. Initially founded in 1893 to manufacture farm equipment‚ the company converted its object to specialize
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