This website uses cookies to ensure you have the best experience. Learn more

Corporation Essay

451 words - 2 pages

CORPORATION
* A Corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence.
Attributes of a Corporation
* A Corporation is an artificial being with a personality separate and apart from its individual shareholders or members.
* It is created by operation of law.
* It enjoys the right of succession.
* It has the powers, attributes and properties expressly authorized by law or incident to its existence.
Advantages of a Corporation
* The corporation has the legal capacity to act as a legal entity
* Shareholders have limited liability.
* Its management is centralized in the board of directors
* It has continuity of existence.
...view middle of the document...

Classifications of Corporations
* According to number of persons:
* Corporation aggregate. A corporation consisting of more than one corporator.
* According to nationality:
* Domestic corporation . A corporation organized under Philippine laws.
* Foreign corporation . Organized under foreign laws.
* According to whether for public or private purpose:
* Public corporation. A corporation formed and organized for the government of a portion state( e.g. ., provinces, cities, municipalities and barangays)
* Private corporation. A corporation created for aim, benefit or purpose.
* According to their relation to another corporation:
* Parent or holding corporation. A corporation that is related to another corporation that it has the power to either directly or indirectly elect the majority of the directors of a subsidiary corporation
* Subsidiary corporation. A corporation controlled by another corporation known as a parent corporation.
Components of a Corporation
1. Corporators
2. Incorporators
3. Shareholders
4. Members
5. Subscribers
6. Promoters
7. Underwriters
BY-LAWS
1. The time place manner of calling and conducting regular or special meetings of the directors or trustees:
2. The time and manner of calling and conducting regular or special meetings of the shareholders or members:
3. The required quorum in meetings of shareholders or members and the manner of voting therein:
4. The penalties for violation of the by-laws

Other Papers Like Corporation

Microsoft Corporation Essay

907 words - 4 pages Microsoft Corporation Craig Kraemer ITT Technical Institute of Canton, MI Abstract The purpose of this paper is to advise Microsoft Corporation on how it can ensure its future success as a company in its current market. Through market analysis and examining business data. This paper will explain how the core microeconomic principles impact the sustainability of Microsoft Corporation and what actions it can take to ensure future success

Target Corporation Essay

5616 words - 23 pages Case analysis Target Corporation Professor Contents Introduction Vision Statement Mission Statement Strategy Analysis State 1: The Input Stage External Factor Evaluation o Opportunities o Threats Competitive Profile Matrix Internal Factor Evaluation o Strengths o Weaknesses Summary of Financial Ratios in Target Corporation Stage 2

Target Corporation

5526 words - 23 pages [pic] King Saud University College of Administrative Sciences Strategic Management 597 BUS Case analysis Target Corporation Professor Dr. Nadia Ayoub Submit by Ghadeer Al- Mutawa Reem Abdul Jabbar 9, January 2007 Contents Introduction Vision Statement Mission Statement Strategy

Hamko Corporation

3142 words - 13 pages | |Supervised by |: |Mrs. Rekha Roy | | | |Executive Accounts, HAMKO Corporation | |Submitted to |: |UCSI University | Preface

Inventec Corporation

891 words - 4 pages Inventec Corporation Case Study 1. Despite its growth and size, why is Inventec not very profitable? Inventec Corporation, one of the leading Original Design Manufactures (ODM), specializes in designing and manufacturing electronic devices. Although the firm had a rapid growth in market share and a huge production scale, the company did not perform well in terms of profitability. There are several factors that may lead to lower profit

Target Corporation

970 words - 4 pages Accounting 150 Fundamentals of Accounting Corporation Study Project (75 points possible) DATES: February 20 – Section I draft due March 27 – Section II draft due April 15 – Section III draft due May 4 – Complete paper is due Objective of the Project Study a company whose stock is traded on the New York Stock Exchange (NYSE) or National Association of Securities Dealers (NASDAQ). Use the company’s public documents and financial statements to

Hayten Corporation

3211 words - 13 pages Q1 : What are some of the major problems facing the management of Hyten in accepting Formalized Project Management ? There are many problems faced by Hyten Corporation due to accepting Formalized Project Management. One of the problem is trying to decide whether to hire from within or outside the organization. As mentioned by Jason Finney (Assistant Director of Presonnel), Hyten should stop hiring from outside the organization as

Dixon Corporation

2045 words - 9 pages Meier, 1 Dixon Corporation: The Collinsville Plant (Abridged) Case Analysis Prepared by Renee Meier, Cohort B November 12, 2010 Prepared For Brett Hunkins MBA 634: Measurement II Richard DeVos Graduate School of Management Meier, 2 Dixon Case Analysis Introduction Dixon Corporation, a specialty chemical company is considering the purchase of a sodium chlorate plant in Collinsville, Alabama. This opportunity will allow Dixon to

Harnischfeger Corporation

1508 words - 7 pages Harnischfeger Corporation Introduction Harnischfeger Corporation is a machinery company in Milwaukee, Wisconsin. Harnischfeger was founded in 1884 as a partnership and was incorporated in Wisconsin in 1910 under the name Pawling and Harnischfeger. There were two major segments in this company, Construction Equipment and the Mining and Electrical Equipment divisions and Material Handling Equipment and the Harnischfeger Engineers divisions

Shark Corporation

555 words - 3 pages Discussion Board 3 Jenni Buckner Liberty University Acct 612: Tax Research & Jurisprudence Professor Janet Forney November 22, 2012 One of my clients, Shark Corporation is trying to make as much money on a transaction. They are selling a building that has some substantial hidden damage. The Shark Corporation wants me to tell the client there is no damage to the building. This raises some ethical dilemmas when practicing as a

Biovail Corporation

2353 words - 10 pages Table of Contents 1.0 Abstract 2 2.0 Introduction 2 3.0 Questions and answer 4 4.0 Recommendations 14 5.0 References 15 1.0 Abstract Biovail Corporation, a large pharmaceutical company and had applied advanced drug-delivery technologies to improve the clinical effectiveness of medicines. It is recently had its stock downgraded by a well-known pharmaceutical analyst and a number of other analysts were also scrutinizing the

Related Essays

"The Corporation" Essay

526 words - 3 pages The motion picture, "The Corporation", explores the nature and spectacular rise of the dominant institution of our time. Illuminating the grip of corporations on our everyday lives using footage from TV, news, advertising and pop culture, the filmmakers accomplished what many fail at - being both informative and entertaining at the same time. Provocatively using the corporation's legal status as a person to classify it as more than a person, but

Enron Corporation Essay

754 words - 4 pages Enron Corporation Enron Corporation 1. Describe how Enron could have been structured differently to avoid such activities. Public companies are required by law to share transactions with shareholders and the members of the investing public with several documents. Enron did not share facts that were important to understand certain transactions. Enron did not provide complete financial statements or give the CFO’s actual or expected benefits

Target Corporation Essay 1018 Words

1018 words - 5 pages TARGET CORPORATION Company History 1900s-1950s * Founder George Dayton opens his first store, named Goodfellows, in downtown Minneapolis, Minn., in 1902. * In 1946, The Dayton Company begins the tradition that keeps us strong today: 5 percent of profits go back to the communities we serve. * In 1956, The Dayton Company opens Southdale, the world’s first fully enclosed two-level shopping center. 1960s * In 1962, the Dayton

Motorking Corporation Essay

937 words - 4 pages Motorking Corporation New Gas Extender As Motorking Corporation considers introducing its now “gas extender” product into the market, the management must consider various factors to determine if this is a good financial move. The production manager needs to determine if the product will generate a profit for the corporation, how much product is expected to sell to determine how much to produce and how much to outsource. The first thing