When an individual starts doing business without a business organization, the individual is said to be operating as a sole proprietor. There are some serious disadvantages to operating a business in this manner. 289 more words
Tags » Business Organizations
After the stock market crash of 1929, Congress enacted the Securities Act of 1933, the Securities Exchange Act of 1934, and other legislation to require that investors be provided with more information to help them make buying and selling decisions and to prohibit deceptive, unfair, and manipulative practices. 2,864 more words
This post focuses on the rights and duties of directors, managers, and shareholders and the ways in which conflicts between and among them are resolved. The duty of care and duty of loyalty owed by directors, the business judgment rule and the immunity it provides directors from honest mistakes, and the duty owed by majority shareholders to the corporation and minority shareholders are among the topics. 2,304 more words
The principal forms of business organizations are (1) sole proprietorships, (2) partnerships, (3) limited liability partnerships, (4) limited liability companies, and (5) corporations.
INDIVIDUAL PROPRIETORSHIPS — 8,332 more words
As this Information age advances, the global barriers are diminishing. Today’s organizations both global and local are interacting with a very diverse set individuals across different cultures and social groups. 309 more words