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How do you add officers to a corporation?
You follow the corporate bylaws, charter and local laws pertaining to resolutions of the board of directors (or the shareholders) to change the officers, and comply with reporting requirements (e.g., timely notification to the Secretary of State)
Can an owner of a corporation purposely take money from a corporation so its shareholders receive nothing?
The stockholders ARE the owners of a corporation.Technically no, because of what the earlier answer says, but it is possible for the board, majority shareholders, or officers to misappropriate the corporate assets to enrich themselves at the expense of the corporation and other shareholders. This is why courts invented the "derivative lawsuit."
Under what circumstances a court may hold shareholders liable for debt of a corporation?
When they personally guarantee corporate obligations or the corporate veil is pierced as a result of the shareholders failing to recognize corporate formalities and treat corporate assets as their own.
Do Piercing the corporate veil means revealing to shareholders the internal rules of corporate management?
T
Can a creditor freeze your corporate bank account?
I wouldn't think so, because the whole idea of a corporation is that it is a separate entity unto itself. Example: the shareholders/officers of the corporation are not personally liable for the debts of the corporation. Therefore, why would the corporation be liable for the debts of the officers/shareholders?
What is the difference between corporate governance and corporate social responsibility?
Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.
How do S Corporation taxes affect the shareholders?
Corporate Taxes in the United States are some of the highest in industrialized nations and thus have a huge effect on the returns of shareholders. Lower corporate tax rates would result in higher earnings and profits for the company's shareholders.
Which term refers to the manner in which shareholders control a corporation?
corporate governance
Describe the difference between corporate revealed ethics and corporate applied ethics?
Corporate revealed ethics presents the worth of information that enhances value for its company's shareholders. Corporate applied ethics, on the other hand, results in a positive image for the company to its shareholders, thus, resulting in the improvement of the satisfaction level for its investors.
How does double taxation of a corporate income occur?
Income to the corporation, as a legal "person", is taxable against the corporation. When the treasury pays dividends from its income to its shareholders, the dividend is taxable again as "income" to the shareholders. A "subchapter S-corporation" avoids this by skipping the corporate taxes and directly taxing the shareholders for any corporate income.
How is a corporation organized?
A Corporation is owned by shareholders who elect directors, who appoint officers.
When was Georgia Power Company Corporate Headquarters created?
Georgia Power Company Corporate Headquarters was created in 2006.
