Page 3 - News tagged with corporations

Software

US bans Russia's Kaspersky antivirus software

The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus products in the country on national security grounds, the US Commerce Department announced.

Jun 21, 2024

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Business

What's happening with the semiconductor chip shortage?

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

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33

Consumer & Gadgets

Why computer security advice is more confusing than it should be

If you find the computer security guidelines you get at work confusing and not very useful, you're not alone. A new study highlights a key problem with how these guidelines are created, and outlines simple steps that would ...

Jul 25, 2023

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Ransomware criminals are targeting US universities

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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Corporation

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