Universal dating regulations bylaws
20-Jan-2020 18:29
If a corporation fails, its shareholders will lose their money, and employees will lose their jobs, though disproportionately affecting its workers as opposed to its upper executives.
Shareholders are not liable for any remaining debts owed to the corporation's creditors.
Corporate law (also known as business law or enterprise law or company law) is the body of law that applies to the rights, relations, and conduct of persons, companies, organizations and businesses.
It studies how corporations, investors, shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community, and the environment interact with one another.
The largest companies are usually publicly listed on stock exchanges around the world.
Even single individuals, also known as sole traders may incorporate themselves and limit their liability in order to carry on a business.
Other types of business organizations, such as cooperatives, credit unions and publicly owned enterprises, can be established with purposes that parallel, supersede, or even replace the profit maximization mandate of business corporations.
Although some forms of companies are thought to have existed during Ancient Rome and Ancient Greece, the closest recognizable ancestors of the modern company did not appear until the 16th century.Corporate law is a part of a broader companies law (or law of business associations).
