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Other Added - Corporation - What Is It?
A few weeks ago I visited my favorite restaurant. The sign on the door noted regular business hours of 11 am to 8 pm. It was 7:30. The restaurant was closed. If the sign says you're open for business then you should be open for business.Today I found out that this favorite restaurant of mine is closed for good.The restaurant that I speak of made gourmet sausages. It truly was ama
The Secretary of State for each jurisdiction typically controls the incorporation process. Corporations are “residents” of the state in which they maintain offices, have employees, receive mail, etc. This is true even if it conducts
“The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next.” – Ursula K. LeGuin “Uncertainty and mystery are energies of life. Don't let them scare you unduly, for they keep boredom at bay and spark creativity.”- R.I. FitzhenryAbout 8 years ago my life underwent a major transition both personally and professionally. Everything in my lif
Separate Entity
For legal purposes, a corporation is considered a separate legal entity from those forming it. Although it is not a living person, a corporation generally has the same rights. It can own property, enter contracts and claim constitutional rights. Unluckily, a corporation also must pay taxes like you and me.
Unlike each of us, a corporation can “live” for 100 years, 200 years or more. Certain forms of corporations were known to exist as far back as in the days of Ancient Rome. Despite it’s gladiator tendencies towards other companies, Microsoft was not the first corporation.
State of Incorporation
These days, state law authorizes and governs the creation of corporations. In 1811, New York was the first state to pass laws authorizing corporations. As other states were created, the passage of laws authorizing the corporate enitity became standard practice. Today, corporations can be formed in every state.
The Secretary of State for each jurisdiction typically controls the incorporation process. Corporations are “residents” of the state in which they maintain offices, have employees, receive mail, etc. This is true even if it conducts b
According to their annual report available on their website, in the last fiscal year-ending, SBC spent over two-and-a-half billion dollars on advertising. Verizon's annual report shows just over two billion. Sprint, nearly a billion. AT&T (who had stripped back their advertising budget) just under half a billion. Many corporations will never see such income amounts in their entire lifetimes, l
Unlike each of us, a corporation can “live” for 100 years, 200 years or more. Certain forms of corporations were known to exist as far back as in the days of Ancient Rome. Despite it’s gladiator tendencies towards other companies, Microsoft was not the first corporation.
State of Incorporation
These days, state law authorizes and governs the creation of corporations. In 1811, New York was the first state to pass laws authorizing corporations. As other states were created, the passage of laws authorizing the corporate enitity became standard practice. Today, corporations can be formed in every state.
The Secretary of State for each jurisdiction typically controls the incorporation process. Corporations are “residents” of the state in which they maintain offices, have employees, receive mail, etc. This is true even if it conducts
Investors, like the rest of us, have different tastes. One investor may love a concept and/or business plan while the next may hate both. It is important to understand this as business plans are working documents and are always undergoing iterations.Management teams must not rush to incorporate each potential investor’s comments. Instead, have several investors, partners and other busin
State of Incorporation
These days, state law authorizes and governs the creation of corporations. In 1811, New York was the first state to pass laws authorizing corporations. As other states were created, the passage of laws authorizing the corporate enitity became standard practice. Today, corporations can be formed in every state.
The Secretary of State for each jurisdiction typically controls the incorporation process. Corporations are “residents” of the state in which they maintain offices, have employees, receive mail, etc. This is true even if it conducts
While surfing the 'net, I came across a report about the reduction of identity theft and identity fraud. Obviously, it caught my attention. Following, in part, is that report which was produced by Javelin Strategy & Research, and co-sponsored by CheckFree Corporation, Visa Card, and Wells Fargo & Co.While identity theft remains a multi-billion-dollar problem for businesses, organization
The Secretary of State for each jurisdiction typically controls the incorporation process. Corporations are “residents” of the state in which they maintain offices, have employees, receive mail, etc. This is true even if it conducts
The Kmart Holding Corporation informed about its intention to acquire Sears and all business publications all over the country reported on the outcomes on the retailers, the real estate implications and the resolve of this step. It is clear that the acquisition of Sears by Kmart Holding Corporation may change the course of future corporation’s actions and plans. The Kmart is presently number t
The Secretary of State for each jurisdiction typically controls the incorporation process. Corporations are “residents” of the state in which they maintain offices, have employees, receive mail, etc. This is true even if it conducts business in other states.
A corporation is considered a “domestic entity” in the state in which it is incorporated. In all other states, it is considered a “foreign entity.” For example, a company like Nomad Journals is a domestic corporation in Colorado, where it is based. When I buy a travel journal from it, California authorities may consider it a foreign corporation and require it to conform to California law. Foreign corporation status is a technical area of law and well beyond the scope of this article. Nonetheless, just keep in mind that the state of incorporation can be a key issue, particularly when it comes to tax issues.
Limited Liability Corporation
Ah, the good stuff. The primary benefit of using a corporation is the limited liability advantage. Since it is considered a separate entity from shareholders, a corporation creates a barrier between corporate liabilities and the assets of shareholders. The only risk shareholders take is the loss of their investment in the corporation.
Assume I own a home worth $800,000 in San Di
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