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The owners corporation must prepare and keep a strata roll in accordance with section 96 of the Strata Schemes Management Act 1996 including the name and addresses of all lot owners, tenants, mortgagees, the original owner and the managing agent, the units of entitlement, insurance details and the by-laws for the strata scheme.
The owners of the LLC, called members, are protected from some or all liability for acts and debts of the LLC, depending on state shield laws. In the United States, an S corporation is limited to 100 shareholders, [b] and all of them must be U.S. tax residents. [c] An LLC may have an unlimited number of members, and there is no citizenship ...
Since the IRS pronouncement concerning this potentially discriminatory approach, most ROBS plans have included all participants and have provided broad-based participation for all employees. The ROBS plan then uses the rollover assets to purchase the stock of the new business. A C corporation must be set up in order to roll the 401(k ...
William Z. Ripley, Two Changes in the Nature and Conduct of Corporations, 11(4) Trade Associations and Business Combinations 143 (1926); or Proceedings of the Academy of Political Science in the City of New York 695; RK Winter, 'State Law, Shareholder Protection, and the Theory of the Corporation' (1977) 6 J Leg Studies 251
[4] The Committee undertook to review and suggest revisions to the Model Business Corporation Act with the goal of producing a model in a simple style, with direct language that would set a pattern which states could follow, not uniformly, but as a style book and a suggestion of content. [5]
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
Franchising is a way for small business owners to benefit from the economies of scale of the big corporation (franchiser). McDonald's and Subway are examples of a franchise. The small business owner can leverage a strong brand name and purchasing power of the larger company while keeping their own investment affordable.
Control Data Corporation: Technology Mainframe and supercomputer Bloomington: 1957 P D Cub: Consumer services Food retailers & wholesalers Stillwater: 1968 P A Dairy Queen: Consumer services Restaurants & bars Bloomington: 1940 P A Dakota, Minnesota and Eastern Railroad: Transportation Railroad Minneapolis: 1986 Ceased operation in 2008 P D ...