Corporation

Greyhound Lines History

Greyhound Lines, Inc. , was founded in 1914 by Cark Eric Wickman and its first business was providing bus transportation for mine workers. After that the company continued to grow and expand its bus routes, by 1930 the name Greyhound Corporation was adopted and the running dog logo that became their unique brand sign was …

Minicase – The McGee Cake Company

1. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a LLC? The McGee Cake Company, currently operating as a sole proprietorship, may benefit from forming a limited liability company (LLC). An LLC is a comparatively new type of business entity. With an LLC there are reduced legal …

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Multi national corporations

Introduction According to Zaidi (2011) MNCs have contributed significantly to the development of world economy at large. They have also served as an engine of growth in many host countries MNCs is based on the maxim: the bigger the better. Their huge size and immense resources confer them with the ability to take world markets …

What is an Incorporated Entity?

Corporation veil is A legal concept that separates the personality of a corporation from the personalities of its shareholders, and protects them from being personally liable for the company’s debts and other obligations. This protection is not ironclad or impenetrable. Where a court determines that a company’s business was not conducted in accordance with the …

Culture Clashes Case Study

Culture clashes in businesses can differ in many ways, and it is not understood why some cultures make it through a merger, while others appear not to make it through a merger at all. The merger within different businesses can be a major situation for everyone to go through, and when dealing with two of …

Papa John’s Pizza Corporate Overview

Berjaya Pizza Company Sdn. Bhd., a wholly owned subsidiary of Berjaya Corporation, has signed a franchise agreement with Papa John’s International Inc, to develop and operate Papa John’s restaurants in Malaysia. Berjaya Pizza Company was also granted the first right of refusal for the potential expansion of franchise business to Singapore, Vietnam, Indonesia, Thailand and …

The Difference Between Public and Private Sectors

Many people don’t know what business law is and so hopefully this essay will help clear that up and increase the knowledge about one exact topic in business law which is partnerships ,business law in general encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Other popular …

Definition of Legal Environment

There are different aspects of starting a Business that can contribute to the success or failure of a Business if they are not applied. These Considerations include the legal, social and economic environments of business. There are also different styles in Business such as sole proprietorship, partnership and corporation. As an inventor who has come …

International Strategic Management

“If both the local and foreign firms adopt a competitive (aggressive) approach by developing and implementing offensive strategies in order to “win” the competition in a (host) market, they will be more likely forced to enter into a never-ending competitive-circle. A competitive circle increases the level of competition for both foreign and local firms, therefore …

Case Study – James Hardie

Piercing the corporate veil describes a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is …

Managing Multinational Corporation

Managing Multinational Corporation Multinational corporations belong to the final stage of globalization meaning that such businesses are provided with strategic corporate units in other countries “that interacts with both headquarters and each other”. Therefore, the objective of a management is to create global structure aimed at tying people and to provide help in coordinating scattered …

HND Company Law Outcome

1. A company has a separate legal personality from the members in the company so in law it has separate rights and liabilities. The company can enter contracts and own property which wouldn’t make the members of the company liable only the company itself. The case which illustrates this is Salomon v Salomon & co …

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