The Corporation And Its Guts - The By Laws
Posted on April 4, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
If you are an aspiring businessperson or a newbie in any sort of business then you have to know abut the corporation and its By Laws, which is said to be the guts of the corporation.
In simple terms, a corporation is one of the various forms of a business entity. If you are already deep into the study of business and business law, then you probably know all about this.
However, there may be several particulars, which you are not yet too knowledgeable about. This article aims to delve a little deeper into these certain particulars.
Read More..>>When Is A Corporation Considered Foreign?
Posted on March 14, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
The word “foreign” carries connotations of something in a country other than one’s own. In the world of corporate law, of course, it has an entirely different meaning.
For the most part, corporate law falls into the bowels of state law. Put another way, each state writes its own rules and regulations regarding business entities. There is no federal law on the subject and none seems imminent regardless of how strange some of the state laws are.
Read More..>>S-corporation - Making The Election
Posted on March 12, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
Once you decide to form a corporation for your business entity, you will quickly be faced with another question. Should the corporation pay taxes as a “C” or “S” corporation?
There is a lot of confusion when it comes to the tax designation of a corporate entity. The first thing to understand is a corporation is a “C” designation by default. As a “C” entity, the corporation will file and pay its own taxes with profits and salaries being paid out to employees and shareholders. Since the employees and shareholders have to pay personal taxes on the distributions, “C” corporations are considered double taxation entities. This is generally viewed as a negative thing.
Read More..>>Selecting Business Names And Intellectual Property Law
Posted on February 29, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
Whether a software license agreement is properly constructed for a transaction depends on a range of factors. Of course, management of intellectual property rights for the copyright owner is a key area for close consideration. This entails defining the territory – usually countries - for the use of the software.
Software Development Contracts
Read More..>>Sarbanes Oxley And Internal Audit
Posted on February 29, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
Companies listed in the NYSE had to get an internal audit department ready before 31 October making sure the new audit heads could evaluate the scope of their departments work, as well as how to comply with the new Sarbanes Oxley laws. They had to hire new directors and get an audit plan ready due to the provisions made in the Sarbanes Oxley law passed in 2002. The companies had to hire personnel as well as assign the new department a budget, determine how they will document compliances and how much work to assign the audit department. Sarbanes Oxley Act of 2002 has created a revolutionary change in the corporate governance as well as internal control for companies listed in the NYSE. This Act was passed to check fraud and bring reliability to financial reporting.
Read More..>>Laws For Blogs
Posted on February 7, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
A Blog is short for Web Log and has become a new and exciting form of communication. It is like a diary or a journal personal or corporate that is posted on the Internet for public viewing and updated from time to time. It enables people to publish comments, ideas and opinions for others to read. Besides being a personal from of expression, corporate blogs offer a platform for marketing new ideas, communication channels between management and employees, discussion of industry and media trends, news coverage and even political expressions. We also have law blogs, school blogs and marketing blogs.
Read More..>>Offshore Company Incorporation
Posted on February 5, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
One would anticipate a trip to the Offshore jurisdiction at the very least but that is entirely optional, not a rule. All the required information can be submitted online. Even to apply for an IBC, all one has to do is to fill a simple application form on line and follow it up with physical copies of required documents by fax or courier.
The next step would be to open a bank account, and if the bank chosen is one of those with whom the agent has a tie up, forms for the same are forwarded by the local agents and the same can be filled and sent directly to the bank along with other photocopies.
Read More..>>Major Advantages Of Establishing A Corporation
Posted on January 28, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
Do you want to establish your own business but you want other persons to join you in your business venture? If this is what you perceive to do, then we advice you to form a corporation. A corporation is an artificial being created by operation of law having the right of succession and whose powers, attributes and properties expressly authorized by law or incident to its existence. It is composed of at least 5 persons who will be known as the incorporators.
Read More..>>Protecting Your Intellectual Property (ip)
Posted on January 26, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
Intellectual Property (IP), in the literal sense, refers to the property of one’s intellect or mind. In terms of business, it is defined as one’s proprietary knowledge.
Need For Protection of IP:
Depending on the nature of business you are into, your intellectual property could be anything such as a design, formula, process, system, and invention. Such a property is the most valuable asset that a company owns. IP is most valued because it can it provides various companies much needed leverage to stay remain ahead of competition successfully. This feature makes IP essential for a company.
Read More..>>Corporate Ethics - Ensuring Business Stability
Posted on January 7, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
For businesses to reach financial stability, good morale and client satisfaction, corporate ethics must be a guiding policy for all involved.
Have you ever heard of the old saying “with friends like that, who needs enemies”? That is just the case where employees, managers or others working in a business are jeopardizing corporate ethics. Many corporations entrust great confidential, important issues and financial responsibilities to employees that could destroy not only their business, but also their customers. If the employees of a business are not ethical and loyal the results can be devastating.
Read More..>>