Entity

According to World Intellectual Property Organization, a trademark can be defined as "any sign that individualizes the goods of a given enterprise and distinguishes them from the goods of its competitors." The trademark of Magic Wand Remote Control will be the diagonally slanting picture of a magic wand in a rectangular box. The rectangular box will also display the small pictures of electronics and electrical items in the background. The trade mark will connect to the potential customers as…

The issue in this case was whether PHBV was the BO on dividends paid by Prevost. This court has considered the “BO” meaning under an OECD tax treaty and used a form over substance approach to determine whether PHVB is the holding company for Prevost. The tax authority argued that the PHBV was not the BO of dividends received from Prevost. However, the court disagreed by relying on Canada’s domestic law definition of BO as “the person who “receives the dividends for his or her own use and…

During week one the class reviewed chapter one which discussed the corporation and its stakeholders. One matter that I found interesting was that I never knew that there were two types of firms. I always thought that there was just one type of firm and the only difference was what type of services or products they sold. From this reading, I learned that there are two different types of firms. The first type of firm is the ownership theory of the firm which states that the owner doesn’t care how…

The rule for first normal form (1NF) is a table in which the intersection of every column and record contains only one value. In other words a table that contains more than one atomic value in the intersection of one or more column for one or more records is not in 1NF. The non 1NF table can be converted to 1NF by restructuring original table by removing the column with the multi-values along with a copy of the primary key to create a new table. See Figure 8.4 for an example of this approach.…

that the critical first step to creating a successful nonprofit organization is done, one can now incorporate their nonprofit. Incorporating a business means to constitute a company or organization as a legal corporation. A corporation is a legal entity that is legally a person who is separated from its owners (Investopedia.com). To incorporate a nonprofit organization is as easy as going online or calling by phone. A common website used to incorporate an organization is through, www.incorporate…

So this business entity has weak protection to partners because any of the partners can act without the permission of the other partners. (Your Personal Liability in a Partnership) Limited partnerships (LP) This business entity includes two types of partners one limited partner has limited liability and he takes the whole risk of the business, so he is liable for any depts…

it is the transfer of undertaking and liabilities from one company to another company. According to Marof , Chiplin and Wright , they have all defined merger as a combination of the assets and liabilities of two firms to form a single business entity. Under the Kenyan companies Act, mergers has been defined as either a transfer of undertaking, property and liabilities of one or more public companies (including the company in respect of which the compromise or arrangement is proposed) to…

When corporate governance becomes necessary as an organization begins to mature, the matter of trust is an important part of the process of its composition. Shareholders and owners, all entities of seniority, together, are always asking themselves, “How do I get a return on my investment without someone stealing all of the profits?” What businesses have learned is that someone’s word is not as valuable as their signature and laws have been put in place to uncover and prevent lies. Therefore,…

allowed the to work together but manage liabilities and assets separately. The preferred method for a business arrangement where one person is running sales and the other person is running operations would be to create to legal entities. An operating entity and a holding entity. The operating company would then lease any assets it needs from holding company. Both companies would then be setup as LLC’s where one partner would maintain 51% of one company and the other partner would maintain 51% of…

Khagendra Ghimirey Professor Tae-Hee Jo Intermediate Microeconomics 14th November 2017 Summary of an article “Continued Evolution of Corporate Power” by William M. Dugger A corporation is very different from other form of businesses like sole proprietorship, Partnership, or Limited Liability Company. For example, while other form of businesses have particular owner entitled to the company, corporations doesn’t have owners, rather it is formed by the shareholders. In other words, Corporation is…