Explain the process of forming a corporation.
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Explain the process of forming a corporation.
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- Explain the basic governance structure of a corporation (i.e., the interrelationship of shareholders, officers, and directors).Explain what rights shareholders have in a Joint Stock company? Describe each right in detail.What are the legal obligations and liabilities of business owners, partners, and shareholders in a corporation?
- Compare and contrast the similarities and differences between sole proprietorships, corporations, and partnerships. Include the advantages and disadvantages of eachState the difference between a closed corporation and an open corporation.describing the obligations of corporate directors to a business corporation. include a discussion of the different duties that active and inactive directors have with respect to business corporation operations.
- Differentiate sole proprietorship, partnership and corporationDescribe the differences between a sole proprietorship, a partnership, and a corporation as business entities, including their advantages and disadvantages from a legal perspective.describe the advantages of an LLC versus operating as a sole proprietorship, general partnership, limited partnership, C Corporation, and S Corporation.
- Discuss the legal responsibilities and liabilities of directors and officers in a corporation. What fiduciary duties do they owe to the company and its shareholders? What are the potential legal consequences for breaching these duties?What are the legal responsibilities of directors and officers in a corporation, and how can they be held accountable for their actions?State the advantages of limited-liability company (LLC).