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
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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
Consumer & Gadgets
Apple's iPhone for the first time became the world's biggest selling smartphone after rival Samsung's 12-year run as leader, data showed.
Jan 16, 2024
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1
Business
New York-based rideshare firm Juno said Monday it was shutting down its service, citing a "changing market situation," as its Israeli-based parent company announced a partnership with Lyft.
Nov 18, 2019
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3
Internet
Microsoft Corp. is opening up its artificial intelligence assistant to consumers and making the corporate version available to smaller companies as it tries to increase the number of paying customers for the new services.
Jan 16, 2024
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1
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
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10
Automotive
Nissan is investing 33 billion yen ($303 million) in its flagship auto plant in Japan's Tochigi prefecture in a first rollout of a production system geared toward electric vehicles.
Nov 28, 2019
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Business
Boeing announced Thursday it will relocate its headquarters from Chicago to the Washington suburb of Arlington, Virginia, moving the airplane maker and defense contractor closer to government decision-makers.
May 5, 2022
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Business
Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality.
Apr 7, 2021
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Business
The whirlwind week that Elon Musk took over Twitter began with sleepless nights for company engineers—and ended with half the staff getting the axe.
Nov 6, 2022
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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
