Automotive
Tesla's unveiling this week of a new auto factory in Austin has highlighted corporate America's growing affinity for Texas compared with California and other states seen as less business-friendly.
Apr 6, 2022
2
37
Internet
Twitter co-founder Jack Dorsey said last week that "centralizing discovery and identity into corporations" has "really damaged the internet," adding that he is "partially to blame" for the shift.
Apr 5, 2022
0
10
Automotive
Car rental company Hertz is planning to buy up to 65,000 electric vehicles from Swedish premium electric car maker Polestar over the next five years as it looks to boost its electric vehicle rental fleet.
Apr 4, 2022
0
3
Security
On March 21, President Biden issued an urgent warning to American business leaders to strengthen their companies' cyber defenses immediately. In recent weeks, experts have been surprised by the lack of full-scale cyberattacks ...
Mar 23, 2022
0
7
Consumer & Gadgets
The music industry, in little more than 20 years, has gone through two technological shocks linked to digitization: first the advent of downloads, which have replaced physical supports, then that of streaming, with the passage ...
Mar 16, 2022
0
6
Business
In previous years, Canada's ranking among the top 10 countries on the Transparency International Corruption Perception Index gave the impression that Canada was a country relatively clean of corruption.
Mar 9, 2022
0
95
Business
When Tesla announced last fall that it was moving its corporate headquarters from California to Texas, officials in Sacramento seemed more surprised than concerned.
Feb 9, 2022
0
6
Security
The information technology agency that serves Virginia's legislature is still working to fix problems caused by a ransomware attack earlier this month, a state official said Tuesday.
Dec 21, 2021
0
5
Business
The year 2021 was marked by several major breakthroughs for cryptocurrencies.
Dec 14, 2021
1
18
Business
Chances are you've either heard of the global semiconductor chip shortage or been personally affected by it when looking into purchasing a new or used vehicle over the last year and a half. Two faculty members in the Department ...
Dec 2, 2021
0
33
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter (i.e. by an ad hoc act passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.
An important (but not universal) contemporary feature of a corporation is limited liability. If a corporation fails, shareholders may lose their investments, and employees may lose their jobs, but neither will be liable for debts to the corporation's creditors.
Despite not being natural persons, corporations are recognized by the law to have rights and responsibilities like natural persons ("people"). Corporations can exercise human rights against real individuals and the state, and they can themselves be responsible for human rights violations. Corporations are conceptually immortal but they can "die" when they are "dissolved" either by statutory operation, order of court, or voluntary action on the part of shareholders. Insolvency may result in a form of corporate 'death', when creditors force the liquidation and dissolution of the corporation under court order, but it most often results in a restructuring of corporate holdings. Corporations can even be convicted of criminal offenses, such as fraud and manslaughter. However corporations are not living entities in the way that humans are.
Although corporate law varies in different jurisdictions, there are four characteristics of the business corporation:
This text uses material from Wikipedia, licensed under CC BY-SA
