If you start a business partnership and do business under a fictitious name, you’ll need to file special paperwork for that as well. Hierarchy: Corporations must have a board of directors. In certain states, this board must meet a certain number of times per year. Corporate hierarchies also...
or they can function more like a corporate board of directors overseeing the activities of non-member company directors and officers. Because there’s more opportunity to commingle member and employee roles, those involved in LLCs are exposed to more personal liability than those in corporations. ...
The strongest trend is the flow of women to majors with more women, but it’s consistent across the board: Whites move to white-dominated majors, black students seek out_m_a_jo_rs_(_w_h_er_e black students are better represented), and so on. (Para 15, L1) 10. That’...
They are responsible, jointly as members of the board of directors of the corporation, for making the major business decisions of the corporation, including appointing the officers of the corporation. Officers: who may be shareholders and/or directors, but, as officers, do not own any of the ...
for themselves. Whoever has voting control of the corporation has the right to choose and remove directors and corporate officers. If conflicts arise, these mechanisms may become important. Also, people often assume that “ownership” includes control. If the desire is to create a mechanism by ...
but S- Corps requires additional filings. It is also required in most states for both corporations to have annual meetings and bylaws. For S-Corp you must elect “S Status” through the IRS. The required operational procedures include having a Board of Directors and Officers, annual meetings,...