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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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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Leadership Manifesto/Reflective Thinking Essay #1 Breaking down my leadership qualities and traits and what kind I am the first thing that always comes to mind‚ is that I am one who still has a lot to learn and many skills to develop. Yes‚ I know that all of that will come with time but it remains a lingering thought letting me know that there is always room for constant improvement. That being said I would like to consider myself as a transactional leader. I greatly enjoy getting involved and checking
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Paper The article “How Ursula Burns Reinvented Xerox” is extremely informative and gave me an outlook on how major businesses operate in society. It was interesting to read about a woman of color who completely gave her life into Xerox the company and made it a success. This article‚ made me more open minded about a lot of things that goes on into businesses I haven’t experience. One perspective‚ which was interesting‚ is how Xerox the company couldn’t do anything about their business failing
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ASSIGNMENT ON LEADERSHIP BANGABANDHU SHEIKH MUJIBIR RAHMAN Introduction 1. The leader behind the independence struggle of Bangladesh was Sheikh Mujibur Rahman‚ a tall man with a bushy moustache. Like Nelson Mandela‚ he spent most of his prime lifetime in jail as he demanded justice‚ fair share and democracy for his people. Known as ‘Bangabandhu’‚ he was the very nucleus of independence movement and it was his towering popularity having super charismatic leadership under whose magnificent shadow
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people compete to be the leader of Rome. Cassius and other conspirators are jealous of Caesar‚ and they want to kill him for revenge. Brutus doesn’t want to be part of the conspiracy‚ but is tricked into becoming a head member‚ due to his strong leadership qualities of honor‚ trustworthiness‚ and patriotism. Brutus loves the republic‚ but is tricked into believing Caesar would hurt the republic. Brutus would be an effective leader because he exhibits honor‚ trustworthiness‚ and patriotism. Brutus believes
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Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th‚ 2002‚ the Xerox Corporation ("Xerox") announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter‚ its financial fraud became surfaced. On June 28th‚ Xerox Corporation in accordance with the requirements of the settlement
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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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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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Motivation Key to Success The Case of Xerox The Case of Xerox Xerox was faced with a crisis in 2000 which could have caused the demise of the company if it were not handled wisely. However‚ due to careful planning‚ decision making and valuable advice from others‚ Xerox was able to endure the difficult time and regain success. Despite the crisis Xerox faced in 2000‚ the company was able to maintain
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