Business
China's last-minute abandonment of Ant Group's record-breaking IPO stems from an intensifying battle for the soul of the nation's financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite.
Nov 5, 2020
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4
Security
German reinsurance giant Munich Re said Monday that it anticipates a boom in cyber-risk insurance in the wake of the coronavirus pandemic.
Oct 19, 2020
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9
Computer Sciences
Each year, the world generates more data than the previous year. In 2020 alone, an estimated 59 zettabytes of data will be "created, captured, copied, and consumed," according to the International Data Corporation—enough ...
Oct 19, 2020
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45
Business
A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder.
Oct 12, 2020
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8
Security
Global police body Interpol warned Monday of an "alarming" rate of cybercrime during the coronavirus pandemic, with criminals taking advantage of people working from home to target major institutions.
Aug 4, 2020
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5
James Segil and Alex Kazerani thought they were onto something when they introduced technology to make it easier for workers to enter office buildings by using their smartphones instead of badges.
Jul 21, 2020
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3
As COVID-19 cases in the U.S. continue to climb, government and higher education leaders have been focused on doing what it takes to protect campus communities from the global pandemic.
Jul 16, 2020
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6
Business
Boeing's communications chief resigned Thursday following a complaint over an article he wrote more than 30 years ago contending that women should not serve in combat.
Jul 3, 2020
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8
Automotive
Italy's government said on Wednesday it would guarantee a 6.3-billion-euro ($7.1 billion) loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic.
Jun 24, 2020
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6
Robotics
The next time you go to a hospital for surgery, the surgeon's assistant may be a robot.
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
