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The Virginia Constitution of 1902 created the SCC to replace the Virginia Board of Public Works and the Office of Railroad Commissioner. The three-member Commission was charged with regulating the state railroads and telephone and telegraph companies and with registering corporations in Virginia. The SCC began operations on March 2, 1903.
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
The Virginia Company was an English trading company chartered by King James I on 10 April 1606 with the objective of colonizing the eastern coast of America.The coast was named Virginia, after Elizabeth I, and it stretched from present-day Maine to the Carolinas.
In 1995, the IRS came to the conclusion that the widespread enactment of LLC statutes had undermined the Kintner regulations, and in 1996 it promulgated new regulations establishing a so-called "check the box" (CTB) entity classification election system that went into effect throughout the United States on January 1, 1997. [16]
The Raymond A. Mason School of Business is the business school of William & Mary, a public research university in Williamsburg, Virginia.The school offers Full-time MBA, Part-time MBA, Executive MBA, Masters in Accounting, Master of Science in Business Analytics and Undergraduate Business Degrees.
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