CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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The role of Federal Government and State Governments have been very important for a longtime in the United States. The relationship between Federal Government and State Governments are defined in the United States Constitution‚ which is a great guideline of development for us to run the entire country. In the Constitution‚ both governments have the same or their own powers. “The Federal and State governments share many similarities power such as setting up courts‚ building highways‚ spending money
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State governments‚ a step above local government but a step below federal government. They exercise reserved powers‚ in other words all powers not given to the federal government or the citizens of the state. These powers are established in the Tenth Amendment and include laws directed at the public welfare such as health and safety laws. In general‚ state governments are a practice of federalism which is the middle position between having a central government in total control and having the people
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difference between state government and federal government is that one has much more power than the other. The federal government is mostly over the delegating war‚ providing/maintaining a navy‚ as well as passing laws and making bills. The state government is responsible for having a school system‚ establishing a local government‚ and can regulate trade between the states. The state government should have more power as each state is different from one another‚ also each state having different needs
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The federal government of the United States empowers a wide range of law enforcement agencies to maintain law and public order related to matters affecting the country as a whole. The Federal Law enforcement agencies are only authorized to enforce various laws generally only on a federal level. Majority of these agencies have broad federal enforcement powers‚ but most enforce only narrow portions of federal law. In some cases‚ they may be empowered to enforce state and local law as
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When a nation develops their government the ideas of national‚ state‚ and local governments become a point of interest. Should there be small state and local governments? Should there only be a national government? The United States of America has a federal government. Federalism is a split government system with state and local governments as well as a national government. There certainly is advantages to both levels of government. However‚ if there are advantages‚ then‚ undoubtedly‚ there are disadvantages
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The Federal government had more power than the state government because the United States Constitution decided to give the federal government more power. States government did not work because the articles of confederation failed to establish power. Federalists were supportive of a a federal government where the constitution should imply powers and the government should have the power make laws. The anti-federalist wanted the states to have all the states to have power and to have each state to have
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know what powers do the federal and state governments have? Well‚ the author will explain in detail what power is extended to the two levels of government. She will also explain the limitations that they both have. The author will describe the similarities that are between the state and federal government. Please enjoy the world of government that the author will take you through. The federal government was given many powers that people don ’t know. The federal government ’s powers are stated in
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The role of state and local governments has provided a vital role in defining federal relations. The relationship has been defined by a few factors: Congress‚ the Supreme Court or other courts‚ and funding policies The courts must address questions concerning the powers of the state and federal government. Early Supreme Court decisions mirrored the views of Chief Justice John Marshall‚ who favored a strong national government. In defining commerce in the Gibbons v. Ogden case‚ he argued that Congress
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Practice Federal State Local Answer the following questions about federal‚ state‚ and local governments. Directions: Answer each of the following questions with a brief essay. (8 points) 1. What level of government do you think should be in charge of security from foreign enemies? Write a paragraph explaining why this level of government is most appropriate. Answer: The Federal Government should be in charge of security from foreign countries. The Federal Government is much better at protecting
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